Brokerages Set Cross Country Healthcare, Inc. (NASDAQ:CCRN) PT at $12.05

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have been given a consensus recommendation of “Reduce” by the ten analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and nine have issued a hold rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $12.05.

Several research analysts recently issued reports on CCRN shares. Wedbush downgraded Cross Country Healthcare from an “outperform” rating to a “hold” rating and cut their price objective for the stock from $15.00 to $13.25 in a research report on Thursday, May 7th. Weiss Ratings upgraded Cross Country Healthcare from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 16th. Benchmark cut Cross Country Healthcare from a “buy” rating to a “hold” rating in a report on Friday, May 8th. Truist Financial raised their price target on Cross Country Healthcare from $10.00 to $13.25 and gave the stock a “hold” rating in a research report on Monday, May 11th. Finally, Citizens Jmp cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 7th.

Hedge Funds Weigh In On Cross Country Healthcare

Several large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its holdings in Cross Country Healthcare by 50.0% in the second quarter. BNP Paribas Financial Markets now owns 3,424 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 1,142 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Cross Country Healthcare during the fourth quarter worth about $46,000. Tower Research Capital LLC TRC increased its stake in Cross Country Healthcare by 422.0% during the second quarter. Tower Research Capital LLC TRC now owns 3,586 shares of the business services provider’s stock worth $47,000 after acquiring an additional 2,899 shares during the last quarter. Longfellow Investment Management Co. LLC purchased a new position in shares of Cross Country Healthcare in the 2nd quarter worth about $75,000. Finally, Legal & General Group Plc purchased a new position in shares of Cross Country Healthcare in the 2nd quarter worth about $82,000. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Cross Country Healthcare Stock Performance

CCRN opened at $13.25 on Monday. The company has a market cap of $428.05 million, a price-to-earnings ratio of -4.34, a PEG ratio of 14.32 and a beta of 0.45. Cross Country Healthcare has a one year low of $7.43 and a one year high of $14.99. The business’s fifty day moving average is $13.22 and its two-hundred day moving average is $11.27.

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.