BidaskClub Lowers R1 RCM (RCM) to Buy

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R1 RCM (NASDAQ:RCM) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Friday.

A number of other brokerages also recently weighed in on RCM. ValuEngine raised shares of R1 RCM from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. TheStreet downgraded shares of R1 RCM from a “c” rating to a “d+” rating in a research note on Wednesday, May 9th. Zacks Investment Research raised shares of R1 RCM from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. Robert W. Baird reissued a “hold” rating and set a $7.00 target price on shares of R1 RCM in a research note on Monday, February 26th. Finally, Cowen reissued an “in-line” rating and set a $10.00 target price (up previously from $5.00) on shares of R1 RCM in a research note on Monday, March 12th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $9.06.

R1 RCM opened at $8.90 on Friday, MarketBeat.com reports. The firm has a market cap of $925.50 million, a PE ratio of -20.23 and a beta of -0.76. R1 RCM has a 52-week low of $3.05 and a 52-week high of $9.27.

R1 RCM (NASDAQ:RCM) last released its quarterly earnings results on Wednesday, May 9th. The financial services provider reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.11). The business had revenue of $147.30 million for the quarter, compared to the consensus estimate of $146.00 million. R1 RCM had a negative net margin of 14.47% and a negative return on equity of 45.77%. sell-side analysts forecast that R1 RCM will post -0.15 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of RCM. Eversept Partners LLC acquired a new stake in R1 RCM in the fourth quarter worth $7,241,000. BlackRock Inc. grew its holdings in R1 RCM by 14.4% in the first quarter. BlackRock Inc. now owns 5,520,568 shares of the financial services provider’s stock worth $39,418,000 after purchasing an additional 693,388 shares during the period. 22NW LP grew its holdings in R1 RCM by 290.6% in the first quarter. 22NW LP now owns 600,155 shares of the financial services provider’s stock worth $4,285,000 after purchasing an additional 446,503 shares during the period. Fairpointe Capital LLC acquired a new stake in R1 RCM in the fourth quarter worth $1,227,000. Finally, Dimensional Fund Advisors LP grew its holdings in R1 RCM by 50.3% in the first quarter. Dimensional Fund Advisors LP now owns 831,977 shares of the financial services provider’s stock worth $5,940,000 after purchasing an additional 278,256 shares during the period. Institutional investors and hedge funds own 47.41% of the company’s stock.

About R1 RCM

R1 RCM Inc provides revenue cycle management (RCM) for healthcare providers in the United States. It offers end-to-end RCM services to manage their revenue cycle operations, which encompass patient registration, insurance and benefit verification, medical treatment documentation and coding, and bill preparation and collection from patients and payers.

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