Cross Country Healthcare (NASDAQ:CCRN) Shares Gap Up – Still a Buy?

Cross Country Healthcare, Inc. (NASDAQ:CCRN) shares gapped up before the market opened on Wednesday . The stock had previously closed at $11.16, but opened at $18.15. Cross Country Healthcare shares last traded at $18.12, with a volume of 1,874,153 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have weighed in on CCRN shares. Barrington Research cut their target price on Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Benchmark lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Truist Financial lifted their price objective on Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a research note on Thursday. Finally, William Blair lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $18.54.

Cross Country Healthcare Stock Performance

The firm’s 50-day moving average is $11.87 and its two-hundred day moving average is $13.69. The stock has a market cap of $594.86 million, a P/E ratio of -361.33, a PEG ratio of 2.13 and a beta of 0.61.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CCRN. Pacer Advisors Inc. increased its position in shares of Cross Country Healthcare by 3.8% in the 2nd quarter. Pacer Advisors Inc. now owns 4,550,848 shares of the business services provider’s stock valued at $62,984,000 after buying an additional 165,032 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Cross Country Healthcare by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,360,016 shares of the business services provider’s stock valued at $32,662,000 after buying an additional 24,363 shares in the last quarter. Systematic Financial Management LP increased its position in shares of Cross Country Healthcare by 8.5% in the 3rd quarter. Systematic Financial Management LP now owns 1,662,730 shares of the business services provider’s stock valued at $22,347,000 after buying an additional 130,746 shares in the last quarter. State Street Corp increased its position in shares of Cross Country Healthcare by 0.5% in the 3rd quarter. State Street Corp now owns 1,334,353 shares of the business services provider’s stock valued at $17,934,000 after buying an additional 6,582 shares in the last quarter. Finally, Royce & Associates LP increased its position in shares of Cross Country Healthcare by 51.4% in the 3rd quarter. Royce & Associates LP now owns 1,132,566 shares of the business services provider’s stock valued at $15,222,000 after buying an additional 384,374 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.

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.