Cross Country Healthcare (NASDAQ:CCRN) Stock Rating Lowered by Benchmark

Benchmark lowered shares of Cross Country Healthcare (NASDAQ:CCRN) from a strong-buy rating to a hold rating in a research note released on Wednesday morning,Zacks.com reports.

CCRN has been the subject of several other research reports. Barrington Research dropped their price target on shares of Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Truist Financial increased their price target on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a research note on Thursday. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $18.54.

Cross Country Healthcare Price Performance

Cross Country Healthcare stock opened at $18.07 on Wednesday. The firm has a 50 day simple moving average of $11.87 and a 200-day simple moving average of $13.69. Cross Country Healthcare has a 1-year low of $9.58 and a 1-year high of $23.64. The stock has a market cap of $594.86 million, a price-to-earnings ratio of -361.33, a price-to-earnings-growth ratio of 2.13 and a beta of 0.61.

Hedge Funds Weigh In On Cross Country Healthcare

A number of hedge funds have recently made changes to their positions in CCRN. Price T Rowe Associates Inc. MD boosted its position in shares of Cross Country Healthcare by 9.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,639 shares of the business services provider’s stock worth $312,000 after purchasing an additional 1,450 shares during the period. Comerica Bank boosted its position in shares of Cross Country Healthcare by 117.4% during the 1st quarter. Comerica Bank now owns 33,857 shares of the business services provider’s stock worth $634,000 after purchasing an additional 18,281 shares during the period. GAMMA Investing LLC boosted its position in shares of Cross Country Healthcare by 622.4% during the 2nd quarter. GAMMA Investing LLC now owns 5,678 shares of the business services provider’s stock worth $79,000 after purchasing an additional 4,892 shares during the period. Wedge Capital Management L L P NC boosted its position in shares of Cross Country Healthcare by 11.3% during the 2nd quarter. Wedge Capital Management L L P NC now owns 85,331 shares of the business services provider’s stock worth $1,181,000 after purchasing an additional 8,678 shares during the period. Finally, Raymond James & Associates boosted its position in shares of Cross Country Healthcare by 0.7% during the 2nd quarter. Raymond James & Associates now owns 165,324 shares of the business services provider’s stock worth $2,288,000 after purchasing an additional 1,155 shares during the period. Hedge funds and other institutional investors own 96.03% of the company’s stock.

About Cross Country Healthcare

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.