Cross Country Healthcare, Inc. (NASDAQ:CCRN) Receives $18.54 Average Price Target from Analysts

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $18.54.

Several research firms have recently weighed in on CCRN. Barrington Research restated a “market perform” rating on shares of Cross Country Healthcare in a research report on Tuesday, December 10th. Truist Financial raised their price objective on Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a report on Thursday, December 5th. StockNews.com assumed coverage on shares of Cross Country Healthcare in a report on Saturday, February 8th. They set a “hold” rating for the company. William Blair downgraded shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, Benchmark lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th.

Cross Country Healthcare Stock Performance

Shares of Cross Country Healthcare stock opened at $18.24 on Thursday. Cross Country Healthcare has a twelve month low of $9.58 and a twelve month high of $21.41. The firm’s 50-day moving average price is $18.12 and its 200 day moving average price is $14.92. The firm has a market capitalization of $598.64 million, a PE ratio of -364.73, a P/E/G ratio of 3.35 and a beta of 0.44.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CCRN. Magnetar Financial LLC acquired a new stake in Cross Country Healthcare during the fourth quarter worth about $41,421,000. Systematic Financial Management LP increased its holdings in shares of 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 worth $22,347,000 after buying an additional 130,746 shares during the last quarter. State Street Corp raised its position in shares of 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 buying an additional 6,582 shares during the period. Alliancebernstein L.P. lifted its holdings in Cross Country Healthcare by 443.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,284,940 shares of the business services provider’s stock valued at $23,335,000 after acquiring an additional 1,048,605 shares during the last quarter. Finally, Royce & Associates LP grew its position 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 acquiring an additional 38,379 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

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.