Cross Country Healthcare (NASDAQ:CCRN) Sees Strong Trading Volume – Here’s What Happened

Cross Country Healthcare, Inc. (NASDAQ:CCRN) saw strong trading volume on Thursday . 953,379 shares were traded during mid-day trading, an increase of 108% from the previous session’s volume of 457,930 shares.The stock last traded at $16.10 and had previously closed at $16.86.

Wall Street Analysts Forecast Growth

CCRN has been the topic of several recent research reports. Truist Financial lifted their target price on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a report on Thursday, December 5th. StockNews.com started coverage on Cross Country Healthcare in a research note on Tuesday. They set a “hold” rating on the stock. Benchmark lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. JMP Securities reiterated a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Finally, William Blair cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, Cross Country Healthcare presently has a consensus rating of “Hold” and an average target price of $18.54.

Cross Country Healthcare Trading Down 6.3 %

The business’s 50-day simple moving average is $18.00 and its two-hundred day simple moving average is $15.12. The company has a market capitalization of $518.66 million, a PE ratio of -316.04, a PEG ratio of 3.32 and a beta of 0.44.

Institutional Investors Weigh In On Cross Country Healthcare

A number of hedge funds have recently bought and sold shares of the business. Quadrant Capital Group LLC acquired a new position in shares of Cross Country Healthcare in the 4th quarter valued at approximately $25,000. Plato Investment Management Ltd bought a new stake in shares of Cross Country Healthcare in the fourth quarter worth $46,000. Truvestments Capital LLC acquired a new stake in Cross Country Healthcare in the third quarter valued at $39,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Cross Country Healthcare during the 3rd quarter valued at $49,000. Finally, Point72 DIFC Ltd acquired a new position in Cross Country Healthcare during the 3rd quarter worth $52,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

About Cross Country Healthcare

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company’s Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; vendor neutral and managed services programs; education healthcare services; in-home care services; and outsourcing services.