StockNews.com Initiates Coverage on Cross Country Healthcare (NASDAQ:CCRN)

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

Several other analysts also recently commented on the company. Barrington Research reiterated a “market perform” rating on shares of Cross Country Healthcare in a research note on Tuesday, December 10th. William Blair downgraded 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 research note on Thursday, February 6th. Truist Financial increased their target price on Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a research note on Thursday, December 5th. Finally, Benchmark downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $18.54.

Cross Country Healthcare Stock Down 6.3 %

CCRN stock opened at $15.80 on Tuesday. Cross Country Healthcare has a twelve month low of $9.58 and a twelve month high of $19.25. The firm has a market cap of $518.49 million, a PE ratio of -315.94, a price-to-earnings-growth ratio of 3.32 and a beta of 0.44. The business has a 50 day moving average of $17.96 and a 200 day moving average of $15.12.

Hedge Funds Weigh In On Cross Country Healthcare

A number of institutional investors and hedge funds have recently modified their holdings of CCRN. US Bancorp DE boosted its stake in shares of Cross Country Healthcare by 10,909.3% in the 3rd quarter. US Bancorp DE now owns 4,734 shares of the business services provider’s stock worth $64,000 after buying an additional 4,691 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Cross Country Healthcare by 51.4% in the 3rd quarter. Royce & Associates LP now owns 1,132,566 shares of the business services provider’s stock worth $15,222,000 after buying an additional 384,374 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Cross Country Healthcare by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 128,362 shares of the business services provider’s stock worth $1,725,000 after buying an additional 6,432 shares during the last quarter. Gladius Capital Management LP boosted its stake in shares of Cross Country Healthcare by 83.4% in the 3rd quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider’s stock worth $54,000 after buying an additional 1,812 shares during the last quarter. Finally, Quest Partners LLC purchased a new position in shares of Cross Country Healthcare in the 3rd quarter worth $350,000. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

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.