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.
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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