R1 RCM (RCM) Rating Lowered to Hold at BidaskClub

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

Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of R1 RCM from a “hold” rating to a “sell” rating in a research note on Wednesday. Robert W. Baird reaffirmed a “hold” rating and issued a $5.00 price objective on shares of R1 RCM in a research note on Tuesday, September 26th.

R1 RCM (NASDAQ RCM) traded up $0.01 during trading on Friday, hitting $4.28. 131,511 shares of the company’s stock were exchanged, compared to its average volume of 160,249. R1 RCM has a 12-month low of $2.02 and a 12-month high of $4.64. The company has a market capitalization of $449.40, a price-to-earnings ratio of -16.46 and a beta of -0.48.

R1 RCM (NASDAQ:RCM) last released its quarterly earnings data on Tuesday, October 31st. The financial services provider reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). R1 RCM had a negative net margin of 1.32% and a negative return on equity of 9.33%. analysts predict that R1 RCM will post -0.12 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. lifted its stake in shares of R1 RCM by 12.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 374,058 shares of the financial services provider’s stock valued at $1,650,000 after buying an additional 39,950 shares in the last quarter. 22NW LP purchased a new stake in shares of R1 RCM in the third quarter valued at about $285,000. Unterberg Capital LLC purchased a new stake in shares of R1 RCM in the third quarter valued at about $2,579,000. Dimensional Fund Advisors LP raised its holdings in shares of R1 RCM by 1,692.1% in the third quarter. Dimensional Fund Advisors LP now owns 312,286 shares of the financial services provider’s stock valued at $1,159,000 after purchasing an additional 294,860 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of R1 RCM by 43.2% in the third quarter. Wells Fargo & Company MN now owns 109,067 shares of the financial services provider’s stock valued at $405,000 after purchasing an additional 32,907 shares during the last quarter. 47.41% of the stock is currently owned by hedge funds and other institutional investors.

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About R1 RCM

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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