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

Equities researchers at StockNews.com initiated coverage on shares of Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) in a report issued on Wednesday. The firm set a "hold" rating on the business services provider's stock.

Several other equities research analysts also recently commented on the stock. JMP Securities reiterated a "market perform" rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Barrington Research reaffirmed a "market perform" rating and set a $18.61 price target on shares of Cross Country Healthcare in a research report on Friday, March 14th. Six research analysts have rated the stock with a hold rating, According to MarketBeat, Cross Country Healthcare presently has a consensus rating of "Hold" and a consensus target price of $18.41.

Cross Country Healthcare Stock Up 2.0 %

CCRN stock opened at $13.78 on Wednesday. The stock has a market capitalization of $451.79 million, a PE ratio of -275.54, a price-to-earnings-growth ratio of 3.32 and a beta of 0.38. Cross Country Healthcare has a 52 week low of $9.58 and a 52 week high of $18.50. The firm has a 50 day moving average of $14.80 and a 200 day moving average of $15.38.

Institutional Investors Weigh In On Cross Country Healthcare

Several hedge funds have recently added to or reduced their stakes in CCRN. Barclays PLC grew its holdings in Cross Country Healthcare by 117.5% during the third quarter. Barclays PLC now owns 80,277 shares of the business services provider's stock worth $1,078,000 after acquiring an additional 43,372 shares during the period. Amundi boosted its stake in shares of Cross Country Healthcare by 385.4% during the 4th quarter. Amundi now owns 26,494 shares of the business services provider's stock worth $483,000 after acquiring an additional 21,036 shares in the last quarter. Yakira Capital Management Inc. acquired a new stake in shares of Cross Country Healthcare during the 4th quarter valued at about $1,013,000. Sei Investments Co. increased its stake in shares of Cross Country Healthcare by 7.3% in the 4th quarter. Sei Investments Co. now owns 143,380 shares of the business services provider's stock valued at $2,604,000 after purchasing an additional 9,816 shares in the last quarter. Finally, Chicago Capital Management LLC acquired a new position in Cross Country Healthcare in the 4th quarter worth about $7,300,000. 96.03% of the stock is 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.

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