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

StockNews.com began coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a research note released on Saturday morning. The firm issued a hold rating on the business services provider’s stock.

CCRN has been the subject of a number of other research reports. JMP Securities reissued a “market perform” rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Barrington Research reiterated a “market perform” rating and issued a $18.61 target price on shares of Cross Country Healthcare in a research note on Friday, March 14th. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $18.41.

Cross Country Healthcare Trading Down 2.9 %

NASDAQ CCRN opened at $14.09 on Friday. Cross Country Healthcare has a 12 month low of $9.58 and a 12 month high of $18.50. The stock has a 50 day moving average of $16.62 and a 200-day moving average of $15.24. The company has a market cap of $462.34 million, a PE ratio of -281.74, a PEG ratio of 3.32 and a beta of 0.25.

Hedge Funds Weigh In On Cross Country Healthcare

Institutional investors and hedge funds have recently modified their holdings of the stock. Quadrant Capital Group LLC bought a new stake in shares of Cross Country Healthcare during the 4th quarter worth about $25,000. Plato Investment Management Ltd acquired a new stake in Cross Country Healthcare during the fourth quarter worth approximately $46,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Cross Country Healthcare during the third quarter worth approximately $49,000. Point72 DIFC Ltd acquired a new position in shares of Cross Country Healthcare in the third quarter valued at approximately $52,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Cross Country Healthcare by 14.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,169 shares of the business services provider’s stock worth $137,000 after purchasing an additional 1,250 shares during the period. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Cross Country Healthcare Company Profile

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.