StockNews.com Begins Coverage on Cross Country Healthcare (NASDAQ:CCRN)

Analysts at StockNews.com initiated coverage on shares of Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) in a research report issued to clients and investors on Monday. The brokerage set a "hold" rating on the business services provider's stock.

Other research analysts have also recently issued reports about the stock. Barrington Research reissued a "market perform" rating and issued a $18.61 price objective on shares of Cross Country Healthcare in a research note on Friday, March 14th. JMP Securities reiterated a "market perform" rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $18.41.

Cross Country Healthcare Price Performance

CCRN traded down $0.38 on Monday, hitting $13.57. 65,811 shares of the stock were exchanged, compared to its average volume of 595,731. The firm has a market capitalization of $445.11 million, a price-to-earnings ratio of -271.05, a PEG ratio of 3.32 and a beta of 0.25. Cross Country Healthcare has a 12 month low of $9.58 and a 12 month high of $18.50. The business has a 50-day moving average of $15.44 and a two-hundred day moving average of $15.30.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CCRN. State Street Corp increased its holdings in Cross Country Healthcare by 0.5% in the 3rd quarter. State Street Corp now owns 1,334,353 shares of the business services provider's stock worth $17,934,000 after purchasing an additional 6,582 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Cross Country Healthcare by 337.6% during the third quarter. Jane Street Group LLC now owns 181,492 shares of the business services provider's stock worth $2,439,000 after purchasing an additional 140,013 shares during the last quarter. Barclays PLC increased its stake in shares of Cross Country Healthcare by 117.5% in the third quarter. Barclays PLC now owns 80,277 shares of the business services provider's stock valued at $1,078,000 after buying an additional 43,372 shares during the period. Virtu Financial LLC bought a new position in Cross Country Healthcare in the 3rd quarter valued at approximately $153,000. Finally, Zweig DiMenna Associates LLC acquired a new stake in Cross Country Healthcare during the 4th quarter worth approximately $6,841,000. 96.03% of the stock is currently owned by institutional investors and hedge funds.

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.