Cross Country Healthcare, Inc. (NASDAQ:CCRN) has been given an average rating of “Hold” by the thirteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $12.29.
Several analysts have weighed in on CCRN shares. ValuEngine downgraded Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 22nd. BidaskClub downgraded Cross Country Healthcare from a “buy” rating to a “hold” rating in a research note on Thursday, September 13th. Zacks Investment Research downgraded Cross Country Healthcare from a “hold” rating to a “sell” rating in a research note on Monday, September 3rd. Lake Street Capital upgraded Cross Country Healthcare from a “hold” rating to a “buy” rating and upped their target price for the stock from $10.00 to $12.00 in a research note on Friday, November 2nd. Finally, Stephens initiated coverage on Cross Country Healthcare in a research note on Tuesday, October 2nd. They issued an “equal weight” rating on the stock.
Cross Country Healthcare stock traded up $0.13 during trading hours on Monday, hitting $9.07. 273,051 shares of the stock traded hands, compared to its average volume of 261,060. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.24 and a current ratio of 2.24. The company has a market cap of $324.08 million, a PE ratio of 14.87, a PEG ratio of 4.62 and a beta of 0.74. Cross Country Healthcare has a 1 year low of $7.41 and a 1 year high of $14.49.
Several institutional investors and hedge funds have recently modified their holdings of CCRN. Panagora Asset Management Inc. boosted its stake in shares of Cross Country Healthcare by 150.6% in the third quarter. Panagora Asset Management Inc. now owns 13,881 shares of the business services provider’s stock worth $121,000 after buying an additional 8,342 shares during the last quarter. Alambic Investment Management L.P. purchased a new stake in shares of Cross Country Healthcare in the second quarter worth about $122,000. Jane Street Group LLC purchased a new stake in shares of Cross Country Healthcare in the second quarter worth about $138,000. SG Americas Securities LLC purchased a new stake in shares of Cross Country Healthcare in the second quarter worth about $177,000. Finally, Laurion Capital Management LP acquired a new position in Cross Country Healthcare in the 2nd quarter worth about $219,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.
About Cross Country Healthcare
Cross Country Healthcare, Inc provides healthcare staffing, recruiting, and workforce solutions in the United States. The company operates in three segments: Nurse and Allied Staffing, Physician Staffing, and Other Human Capital Management Services. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, branch-based local nurses, and allied staffing; short-term staffing of registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and travel allied professionals on long-term contract assignments.
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