Cross Country Healthcare (NASDAQ:CCRN) PT Raised to $31.00

Cross Country Healthcare (NASDAQ:CCRNGet Rating) had its target price increased by Credit Suisse Group to $31.00 in a research report report published on Thursday, Stock Target Advisor reports.

Several other research analysts have also recently commented on CCRN. Barrington Research boosted their price target on shares of Cross Country Healthcare from $41.00 to $45.00 and gave the stock an outperform rating in a report on Monday, November 7th. Benchmark boosted their price target on shares of Cross Country Healthcare from $37.00 to $42.00 and gave the stock a buy rating in a report on Thursday, September 15th. Truist Financial cut shares of Cross Country Healthcare from a buy rating to a hold rating and set a $36.00 target price for the company. in a report on Wednesday, October 5th. They noted that the move was a valuation call. Finally, StockNews.com assumed coverage on shares of Cross Country Healthcare in a report on Wednesday, October 12th. They issued a hold rating for the company. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $36.20.

Cross Country Healthcare Price Performance

Shares of CCRN opened at $35.21 on Thursday. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.31. Cross Country Healthcare has a fifty-two week low of $15.26 and a fifty-two week high of $40.12. The company has a market cap of $1.31 billion, a P/E ratio of 5.84, a PEG ratio of 1.19 and a beta of 1.00. The firm’s 50 day moving average price is $32.87 and its 200 day moving average price is $25.83.

Insiders Place Their Bets

In other Cross Country Healthcare news, CFO William J. Burns sold 14,705 shares of the company’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $28.99, for a total transaction of $426,297.95. Following the completion of the transaction, the chief financial officer now owns 246,404 shares in the company, valued at approximately $7,143,251.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO William J. Burns sold 40,293 shares of the stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $30.91, for a total value of $1,245,456.63. Following the completion of the transaction, the chief financial officer now owns 206,111 shares in the company, valued at approximately $6,370,891.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William J. Burns sold 14,705 shares of the stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $28.99, for a total transaction of $426,297.95. Following the completion of the transaction, the chief financial officer now owns 246,404 shares of the company’s stock, valued at approximately $7,143,251.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 114,256 shares of company stock worth $3,404,694. 5.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Cross Country Healthcare

A number of large investors have recently made changes to their positions in CCRN. Simcoe Capital Management LLC purchased a new position in shares of Cross Country Healthcare in the 2nd quarter valued at about $23,822,000. BlackRock Inc. increased its holdings in Cross Country Healthcare by 6.3% during the 1st quarter. BlackRock Inc. now owns 5,948,885 shares of the business services provider’s stock valued at $128,911,000 after acquiring an additional 350,272 shares in the last quarter. Millennium Management LLC increased its holdings in Cross Country Healthcare by 22.9% during the 2nd quarter. Millennium Management LLC now owns 1,476,664 shares of the business services provider’s stock valued at $30,759,000 after acquiring an additional 275,510 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Cross Country Healthcare during the 3rd quarter valued at about $7,603,000. Finally, Royce & Associates LP increased its holdings in Cross Country Healthcare by 20.8% during the 1st quarter. Royce & Associates LP now owns 1,022,961 shares of the business services provider’s stock valued at $22,168,000 after acquiring an additional 176,384 shares in the last quarter. Hedge funds and other institutional investors own 95.25% of the company’s stock.

About Cross Country Healthcare

(Get Rating)

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company operates in two segments, Nurse and Allied Staffing and Physician Staffing. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, local nurses, and allied staffing; staffing solutions for registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and clinical and non-clinical professionals on long-term contract assignments, as well as workforce solutions, including MSP, RPO, and consulting services.

Further Reading

Analyst Recommendations for Cross Country Healthcare (NASDAQ:CCRN)

Receive News & Ratings for Cross Country Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cross Country Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.