22Nw LP acquired a new position in shares of Accretive Health Inc. (NASDAQ:RCM) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 76,952 shares of the financial services provider’s stock, valued at approximately $285,000. 22Nw LP owned approximately 0.07% of Accretive Health at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in RCM. Voya Investment Management LLC acquired a new stake in shares of Accretive Health in the second quarter valued at $170,000. AXA acquired a new stake in shares of Accretive Health in the second quarter valued at $198,000. Virtu KCG Holdings LLC increased its stake in shares of Accretive Health by 291.3% in the second quarter. Virtu KCG Holdings LLC now owns 56,000 shares of the financial services provider’s stock valued at $210,000 after buying an additional 41,690 shares in the last quarter. Nationwide Fund Advisors acquired a new stake in shares of Accretive Health in the second quarter valued at $215,000. Finally, Wells Fargo & Company MN acquired a new stake in shares of Accretive Health in the second quarter valued at $286,000. Hedge funds and other institutional investors own 47.69% of the company’s stock.
A number of analysts have recently weighed in on the company. Zacks Investment Research upgraded Accretive Health from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Robert W. Baird restated a “hold” rating and issued a $5.00 target price on shares of Accretive Health in a research note on Tuesday, September 26th.
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About Accretive Health
R1 RCM Inc, formerly Accretive Health, Inc, is a provider of revenue cycle management (RCM) and physician advisory services (PAS) to healthcare providers. The Company is engaged in providing management services of revenue cycle operations for the United States-based hospitals and other medical services providers.
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