R1 RCM Inc (NASDAQ:RCM) has been assigned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $11.75.

Several analysts have commented on RCM shares. TheStreet upgraded shares of R1 RCM from a “d+” rating to a “c” rating in a report on Tuesday, September 4th. Zacks Investment Research lowered shares of R1 RCM from a “hold” rating to a “sell” rating in a report on Tuesday, August 21st. Chardan Capital started coverage on shares of R1 RCM in a report on Tuesday, September 4th. They issued a “buy” rating and a $17.00 price objective for the company. Cantor Fitzgerald raised their price objective on shares of R1 RCM from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday, August 10th. Finally, BidaskClub upgraded shares of R1 RCM from a “hold” rating to a “buy” rating in a report on Thursday, August 30th.

RCM traded up $0.30 on Tuesday, hitting $8.45. The company had a trading volume of 1,131,600 shares, compared to its average volume of 637,955. The company has a debt-to-equity ratio of 37.41, a current ratio of 1.06 and a quick ratio of 1.06. R1 RCM has a 52-week low of $3.71 and a 52-week high of $11.00. The firm has a market capitalization of $943.62 million, a PE ratio of -19.20 and a beta of -0.32.

R1 RCM (NASDAQ:RCM) last issued its quarterly earnings data on Wednesday, November 7th. The financial services provider reported ($0.17) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.12). R1 RCM had a negative return on equity of 132.32% and a negative net margin of 10.70%. The company had revenue of $250.40 million during the quarter, compared to analysts’ expectations of $240.09 million. During the same quarter last year, the business earned ($0.08) earnings per share. The business’s quarterly revenue was up 103.2% on a year-over-year basis. Analysts expect that R1 RCM will post -0.18 EPS for the current fiscal year.

In other R1 RCM news, Director Albert Rene Zimmerli bought 10,000 shares of the firm’s stock in a transaction on Thursday, September 6th. The stock was acquired at an average price of $9.73 per share, with a total value of $97,300.00. Following the completion of the purchase, the director now owns 10,000 shares of the company’s stock, valued at $97,300. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Charles J. Ditkoff sold 20,635 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $8.47, for a total transaction of $174,778.45. The disclosure for this sale can be found here. 59.40% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Morgan Stanley increased its stake in shares of R1 RCM by 47.4% during the third quarter. Morgan Stanley now owns 337,927 shares of the financial services provider’s stock valued at $3,433,000 after purchasing an additional 108,655 shares in the last quarter. Penn Capital Management Co. Inc. increased its stake in shares of R1 RCM by 23.9% during the third quarter. Penn Capital Management Co. Inc. now owns 1,477,994 shares of the financial services provider’s stock valued at $16,321,000 after purchasing an additional 285,064 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of R1 RCM by 32.1% during the third quarter. TIAA CREF Investment Management LLC now owns 749,953 shares of the financial services provider’s stock valued at $7,620,000 after purchasing an additional 182,332 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of R1 RCM by 112.3% during the third quarter. Neuberger Berman Group LLC now owns 262,679 shares of the financial services provider’s stock valued at $2,669,000 after acquiring an additional 138,957 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of R1 RCM by 15.5% during the third quarter. AQR Capital Management LLC now owns 76,482 shares of the financial services provider’s stock valued at $777,000 after acquiring an additional 10,286 shares in the last quarter. 54.08% of the stock is owned by institutional investors and hedge funds.

R1 RCM Company Profile

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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