Cross Country Healthcare (NASDAQ:CCRN) Receives Market Perform Rating from Barrington Research

Cross Country Healthcare (NASDAQ:CCRN)‘s stock had its “market perform” rating reiterated by Barrington Research in a note issued to investors on Friday,Benzinga reports. They presently have a $18.61 target price on the business services provider’s stock. Barrington Research’s price objective would suggest a potential upside of 19.03% from the company’s current price.

A number of other research firms have also weighed in on CCRN. Truist Financial upped their price objective on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a research note on Thursday, December 5th. JMP Securities reissued a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. William Blair cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Benchmark downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, StockNews.com began coverage on Cross Country Healthcare in a research note on Wednesday. They set a “hold” rating for the company. Six research analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.41.

Cross Country Healthcare Trading Down 0.8 %

Shares of NASDAQ CCRN traded down $0.13 during trading hours on Friday, reaching $15.64. The stock had a trading volume of 114,674 shares, compared to its average volume of 498,265. The business’s fifty day moving average price is $17.74 and its two-hundred day moving average price is $15.17. The firm has a market cap of $513.03 million, a price-to-earnings ratio of -313.64, a P/E/G ratio of 3.32 and a beta of 0.44. Cross Country Healthcare has a 52-week low of $9.58 and a 52-week high of $19.25.

Institutional Investors Weigh In On Cross Country Healthcare

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC acquired a new position in shares of Cross Country Healthcare during the fourth quarter valued at about $25,000. Plato Investment Management Ltd purchased a new stake in Cross Country Healthcare during the 4th quarter worth approximately $46,000. Truvestments Capital LLC acquired a new position in Cross Country Healthcare during the 3rd quarter valued at approximately $39,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Cross Country Healthcare in the third quarter worth $49,000. Finally, Point72 DIFC Ltd purchased a new position in shares of Cross Country Healthcare in the third quarter worth $52,000. 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.