Cross Country Healthcare (NASDAQ:CCRN) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a report released on Friday. The brokerage set a “hold” rating on the business services provider’s stock.

CCRN has been the subject of a number of other research reports. JMP Securities reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Barrington Research reaffirmed a “market perform” rating and issued a $18.61 target price on shares of Cross Country Healthcare in a research report on Friday, March 14th. Benchmark cut shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Truist Financial raised their price objective on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a report on Thursday, December 5th. Finally, William Blair downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $18.41.

Cross Country Healthcare Price Performance

CCRN opened at $15.00 on Friday. Cross Country Healthcare has a one year low of $9.58 and a one year high of $19.14. The business has a 50 day simple moving average of $17.04 and a two-hundred day simple moving average of $15.21. The firm has a market capitalization of $492.20 million, a price-to-earnings ratio of -299.94, a PEG ratio of 3.32 and a beta of 0.44.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Cross Country Healthcare by 4.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,386 shares of the business services provider’s stock worth $334,000 after acquiring an additional 817 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Cross Country Healthcare by 14.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,169 shares of the business services provider’s stock worth $137,000 after buying an additional 1,250 shares during the last quarter. Quadrant Capital Group LLC bought a new position in Cross Country Healthcare during the 4th quarter valued at approximately $25,000. Geode Capital Management LLC raised its stake in Cross Country Healthcare by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 754,368 shares of the business services provider’s stock valued at $13,702,000 after buying an additional 2,112 shares during the last quarter. Finally, Plato Investment Management Ltd bought a new stake in Cross Country Healthcare in the fourth quarter worth $46,000. 96.03% of the stock is currently owned by institutional investors.

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.