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

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has been given a consensus recommendation of “Hold” by the nine research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $11.3229.

A number of equities research analysts recently weighed in on CCRN shares. Citizens Jmp raised shares of Cross Country Healthcare from a “market perform” rating to an “outperform” rating and set a $11.00 price target for the company in a research report on Thursday, December 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Cross Country Healthcare in a research report on Monday, December 29th. Citigroup reissued a “market outperform” rating on shares of Cross Country Healthcare in a report on Friday, December 19th. Jefferies Financial Group set a $8.65 price target on Cross Country Healthcare and gave the stock a “hold” rating in a research note on Thursday, December 4th. Finally, Benchmark reiterated a “hold” rating on shares of Cross Country Healthcare in a research note on Monday, December 8th.

Institutional Trading of Cross Country Healthcare

Several hedge funds and other institutional investors have recently made changes to their positions in CCRN. Goldman Sachs Group Inc. grew its holdings in Cross Country Healthcare by 56.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,095,178 shares of the business services provider’s stock worth $16,307,000 after acquiring an additional 397,216 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Cross Country Healthcare by 7.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 115,823 shares of the business services provider’s stock worth $1,725,000 after purchasing an additional 8,490 shares during the period. Allianz Asset Management GmbH purchased a new position in shares of Cross Country Healthcare in the 2nd quarter valued at about $386,000. AlphaQuest LLC increased its holdings in shares of Cross Country Healthcare by 302.3% in the 2nd quarter. AlphaQuest LLC now owns 33,382 shares of the business services provider’s stock valued at $436,000 after purchasing an additional 25,085 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Cross Country Healthcare in the second quarter valued at about $201,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Price Performance

Shares of NASDAQ CCRN opened at $8.08 on Monday. The business has a 50-day moving average of $8.49 and a two-hundred day moving average of $11.15. The company has a market capitalization of $264.70 million, a price-to-earnings ratio of -16.49, a price-to-earnings-growth ratio of 5.94 and a beta of 0.44. Cross Country Healthcare has a 1 year low of $7.43 and a 1 year high of $18.24.

About Cross Country Healthcare

Cross Country Healthcare, Inc, headquartered in Boca Raton, Florida, is a leading provider of healthcare workforce solutions in the United States. The company specializes in the recruitment, placement and management of nursing and allied health professionals on both a travel and permanent basis. Through its integrated platform, Cross Country Healthcare serves hospitals, health systems, and long-term care facilities by matching qualified clinical talent with patient care needs across diverse care settings.

The company’s core service offerings include travel nurse and allied health staffing, per diem staffing, permanent placement services, and managed services programs.