BidaskClub upgraded shares of R1 RCM (NASDAQ:RCM) from a buy rating to a strong-buy rating in a report published on Saturday morning.
A number of other research firms also recently commented on RCM. Zacks Investment Research downgraded R1 RCM from a hold rating to a sell rating in a report on Wednesday, January 17th. Robert W. Baird reaffirmed a hold rating and set a $7.00 target price on shares of R1 RCM in a report on Monday, February 26th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $7.50.
Shares of R1 RCM (RCM) opened at $7.48 on Friday. The firm has a market capitalization of $748.33, a PE ratio of -26.71 and a beta of -0.66. R1 RCM has a twelve month low of $2.40 and a twelve month high of $7.68.
Several institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN acquired a new position in R1 RCM in the second quarter valued at approximately $286,000. TIAA CREF Investment Management LLC acquired a new position in R1 RCM in the second quarter valued at approximately $1,014,000. Nationwide Fund Advisors acquired a new position in R1 RCM in the second quarter valued at approximately $215,000. New York State Common Retirement Fund acquired a new position in R1 RCM in the second quarter valued at approximately $305,000. Finally, Northern Trust Corp lifted its holdings in R1 RCM by 46.4% in the second quarter. Northern Trust Corp now owns 1,145,411 shares of the financial services provider’s stock valued at $4,295,000 after acquiring an additional 362,773 shares during the period. 48.81% of the stock is owned by hedge funds and other institutional investors.
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About R1 RCM
R1 RCM 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. Its primary service offering consists of end-to-end RCM, which the Company deploys through a co-managed relationship or an operating partner relationship.
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