R1 RCM (RCM) Raised to “Buy” at BidaskClub

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

Separately, Zacks Investment Research upgraded R1 RCM from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th.

Shares of R1 RCM (RCM) traded up $0.20 during midday trading on Friday, hitting $5.19. The stock had a trading volume of 205,247 shares, compared to its average volume of 178,775. R1 RCM has a 12-month low of $2.02 and a 12-month high of $5.26. The stock has a market cap of $507.15, a P/E ratio of -19.96 and a beta of -0.48.

R1 RCM (NASDAQ:RCM) last posted its quarterly earnings data on Tuesday, October 31st. The financial services provider reported ($0.08) EPS for the quarter, missing the consensus estimate 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%. The firm had revenue of $123.20 million during the quarter, compared to analysts’ expectations of $109.80 million. research analysts anticipate that R1 RCM will post -0.12 earnings per share for the current year.

Several large investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. lifted its position in shares of R1 RCM by 12.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 374,058 shares of the financial services provider’s stock worth $1,650,000 after acquiring an additional 39,950 shares in the last quarter. 22NW LP purchased a new stake in shares of R1 RCM during the third quarter worth $285,000. Unterberg Capital LLC purchased a new stake in shares of R1 RCM during the third quarter worth $2,579,000. Dimensional Fund Advisors LP lifted its position in shares of R1 RCM by 1,692.1% during the third quarter. Dimensional Fund Advisors LP now owns 312,286 shares of the financial services provider’s stock worth $1,159,000 after acquiring an additional 294,860 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of R1 RCM by 43.2% during the third quarter. Wells Fargo & Company MN now owns 109,067 shares of the financial services provider’s stock worth $405,000 after acquiring an additional 32,907 shares in the last quarter. Hedge funds and other institutional investors own 47.42% of the company’s stock.

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R1 RCM Company Profile

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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