Cross Country Healthcare (NASDAQ:CCRN) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
Several other equities research analysts also recently commented on CCRN. Cantor Fitzgerald restated a “buy” rating and set a $18.00 price objective on shares of Cross Country Healthcare in a report on Wednesday, November 1st. BMO Capital Markets decreased their price objective on Cross Country Healthcare from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Monday, November 6th. TheStreet downgraded Cross Country Healthcare from a “b-” rating to a “c+” rating in a report on Friday, November 3rd. Credit Suisse Group started coverage on Cross Country Healthcare in a report on Tuesday, November 7th. They set a “neutral” rating and a $13.00 price objective for the company. Finally, Zacks Investment Research downgraded Cross Country Healthcare from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Cross Country Healthcare currently has an average rating of “Hold” and a consensus price target of $15.00.
Shares of Cross Country Healthcare (NASDAQ CCRN) opened at $13.01 on Tuesday. The company has a market capitalization of $474.62, a P/E ratio of 650.50, a PEG ratio of 1.71 and a beta of 0.68. Cross Country Healthcare has a 1-year low of $11.07 and a 1-year high of $16.14. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.46.
Several large investors have recently made changes to their positions in CCRN. FDx Advisors Inc. purchased a new position in shares of Cross Country Healthcare during the third quarter valued at approximately $146,000. Renaissance Technologies LLC purchased a new position in shares of Cross Country Healthcare during the fourth quarter valued at approximately $156,000. Teacher Retirement System of Texas purchased a new position in shares of Cross Country Healthcare during the fourth quarter valued at approximately $162,000. MetLife Investment Advisors LLC purchased a new position in shares of Cross Country Healthcare during the fourth quarter valued at approximately $210,000. Finally, Strs Ohio boosted its position in shares of Cross Country Healthcare by 69.5% during the third quarter. Strs Ohio now owns 16,100 shares of the business services provider’s stock valued at $229,000 after buying an additional 6,600 shares during the last quarter. 90.97% of the stock is currently owned by institutional investors.
About Cross Country Healthcare
Cross Country Healthcare, Inc is engaged in providing healthcare recruiting, staffing, recruiting and workforce solutions. The Company operates in three segments: Nurse and Allied Staffing, Physician Staffing and Other Human Capital Management Services. The Nurse and Allied Staffing segment provides traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, and branch-based local nurses and allied staffing.
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