Cross Country Healthcare, Inc. (NASDAQ:CCRN) Receives Consensus Recommendation of “Hold” from Brokerages

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has received an average recommendation of “Hold” from the five research firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $18.50.

Several equities analysts recently weighed in on CCRN shares. Truist Financial lowered their target price on Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating on the stock in a research report on Monday, October 21st. Barrington Research cut their price objective on Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, Benchmark decreased their target price on shares of Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th.

Cross Country Healthcare Price Performance

Shares of Cross Country Healthcare stock opened at $10.80 on Friday. Cross Country Healthcare has a 1-year low of $9.58 and a 1-year high of $23.64. The company’s fifty day simple moving average is $12.03 and its 200-day simple moving average is $13.76. The stock has a market capitalization of $355.54 million, a PE ratio of -213.16, a P/E/G ratio of 2.07 and a beta of 0.65.

Institutional Trading of Cross Country Healthcare

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System grew its holdings in Cross Country Healthcare by 40.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 13,875 shares of the business services provider’s stock valued at $260,000 after buying an additional 4,020 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in Cross Country Healthcare by 16.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 79,399 shares of the business services provider’s stock valued at $1,486,000 after acquiring an additional 11,343 shares in the last quarter. BOKF NA bought a new stake in Cross Country Healthcare in the 1st quarter valued at $247,000. Price T Rowe Associates Inc. MD lifted its stake in Cross Country Healthcare by 9.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,639 shares of the business services provider’s stock worth $312,000 after purchasing an additional 1,450 shares in the last quarter. Finally, Bayesian Capital Management LP bought a new position in shares of Cross Country Healthcare during the 1st quarter valued at about $195,000. Institutional investors own 96.03% of the company’s stock.

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.