Cross Country Healthcare, Inc. (NASDAQ:CCRN) Given Consensus Recommendation of “Hold” by Analysts

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have been assigned an average rating of “Hold” from the five ratings firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $18.75.

A number of research firms have issued reports on CCRN. Barrington Research cut their price target on Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Truist Financial cut their target price on shares of Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating on the stock in a research note on Monday, October 21st.

Cross Country Healthcare Price Performance

Shares of NASDAQ:CCRN opened at $11.22 on Tuesday. The business’s 50-day moving average is $13.21 and its 200-day moving average is $14.47. Cross Country Healthcare has a 1 year low of $11.02 and a 1 year high of $23.64. The company has a market capitalization of $379.34 million, a price-to-earnings ratio of 48.78, a P/E/G ratio of 2.21 and a beta of 0.65.

Hedge Funds Weigh In On Cross Country Healthcare

A number of large investors have recently modified their holdings of CCRN. nVerses Capital LLC purchased a new position in Cross Country Healthcare during the second quarter worth about $50,000. US Bancorp DE raised its holdings 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 purchasing an additional 4,691 shares during the period. Denali Advisors LLC lifted its stake in Cross Country Healthcare by 3,885.5% in the first quarter. Denali Advisors LLC now owns 5,500 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 5,362 shares during the last quarter. GAMMA Investing LLC grew its holdings in Cross Country Healthcare by 622.4% during the second quarter. GAMMA Investing LLC now owns 5,678 shares of the business services provider’s stock valued at $79,000 after purchasing an additional 4,892 shares during the period. Finally, EMC Capital Management purchased a new stake in Cross Country Healthcare in the first quarter worth $155,000. 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.