Barrington Research Reiterates “Market Perform” Rating for Cross Country Healthcare (NASDAQ:CCRN)

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

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

Cross Country Healthcare Stock Down 0.8 %

CCRN traded down $0.13 during trading on Friday, hitting $15.64. The company’s stock had a trading volume of 114,674 shares, compared to its average volume of 498,265. Cross Country Healthcare has a one year low of $9.58 and a one year high of $19.25. The business’s 50 day simple moving average is $17.74 and its 200-day simple moving average is $15.17. The firm has a market cap of $513.03 million, a PE ratio of -313.64, a P/E/G ratio of 3.32 and a beta of 0.44.

Institutional Trading of Cross Country Healthcare

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Magnetar Financial LLC purchased a new position in Cross Country Healthcare during the fourth quarter worth $41,421,000. Systematic Financial Management LP grew its holdings in Cross Country Healthcare by 8.5% during the 3rd quarter. Systematic Financial Management LP now owns 1,662,730 shares of the business services provider’s stock valued at $22,347,000 after purchasing an additional 130,746 shares during the last quarter. State Street Corp grew its holdings in Cross Country Healthcare by 0.5% during the 3rd quarter. State Street Corp now owns 1,334,353 shares of the business services provider’s stock valued at $17,934,000 after purchasing an additional 6,582 shares during the last quarter. Alliancebernstein L.P. raised its position in Cross Country Healthcare by 443.7% in the 4th quarter. Alliancebernstein L.P. now owns 1,284,940 shares of the business services provider’s stock worth $23,335,000 after purchasing an additional 1,048,605 shares during the period. Finally, Royce & Associates LP lifted its stake in Cross Country Healthcare by 3.4% in the fourth quarter. Royce & Associates LP now owns 1,170,945 shares of the business services provider’s stock worth $21,264,000 after purchasing an additional 38,379 shares during the last quarter. Hedge funds and other 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.