Brokerages Expect R1 RCM Inc (RCM) to Announce $0.02 Earnings Per Share

R1 RCM Inc (NASDAQ:RCM) has earned an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Brokerages have set a 12-month consensus price target of $5.00 for the company and are predicting that the company will post $0.02 earnings per share for the current quarter, according to Zacks. Zacks has also given R1 RCM an industry rank of 93 out of 265 based on the ratings given to its competitors.

A number of research analysts have issued reports on the stock. BidaskClub raised shares of R1 RCM from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Zacks Investment Research cut shares of R1 RCM from a “hold” rating to a “sell” rating in a report on Wednesday, January 17th.

A number of institutional investors have recently modified their holdings of RCM. Citadel Advisors LLC purchased a new position in R1 RCM in the fourth quarter valued at about $112,000. Virtu Financial LLC purchased a new position in R1 RCM in the fourth quarter valued at about $166,000. Voya Investment Management LLC purchased a new position in R1 RCM in the second quarter valued at about $170,000. Virtu KCG Holdings LLC increased its stake in shares of R1 RCM by 291.3% during the 2nd quarter. Virtu KCG Holdings LLC now owns 56,000 shares of the financial services provider’s stock worth $210,000 after purchasing an additional 41,690 shares in the last quarter. Finally, Nationwide Fund Advisors purchased a new position in shares of R1 RCM during the 2nd quarter worth approximately $215,000. 47.77% of the stock is owned by institutional investors.

Shares of R1 RCM (NASDAQ:RCM) opened at $4.68 on Tuesday. The company has a market cap of $509.25, a PE ratio of -18.00 and a beta of -0.41. R1 RCM has a 12-month low of $2.02 and a 12-month high of $5.43.

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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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