ValuEngine Downgrades R1 RCM (NASDAQ:RCM) to Buy

ValuEngine cut shares of R1 RCM (NASDAQ:RCM) from a strong-buy rating to a buy rating in a report issued on Tuesday, ValuEngine reports.

RCM has been the subject of several other research reports. BidaskClub lowered R1 RCM from a buy rating to a hold rating in a research report on Thursday, September 12th. Zacks Investment Research lowered R1 RCM from a buy rating to a hold rating in a research report on Tuesday, August 13th. Finally, Robert W. Baird set a $14.00 price target on R1 RCM and gave the stock a buy rating in a research report on Thursday, September 12th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. R1 RCM currently has a consensus rating of Buy and an average target price of $14.20.

RCM opened at $10.71 on Tuesday. The stock has a 50-day moving average price of $11.59 and a 200-day moving average price of $11.40. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 106.30. R1 RCM has a 1 year low of $7.10 and a 1 year high of $13.19.



R1 RCM (NASDAQ:RCM) last posted its quarterly earnings results on Tuesday, August 6th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.08). The company had revenue of $295.00 million during the quarter, compared to analysts’ expectations of $294.11 million. R1 RCM had a negative return on equity of 249.01% and a negative net margin of 2.22%. R1 RCM’s revenue for the quarter was up 41.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.07) EPS. As a group, equities research analysts expect that R1 RCM will post -0.01 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Swiss National Bank increased its holdings in R1 RCM by 2.1% in the 2nd quarter. Swiss National Bank now owns 164,100 shares of the financial services provider’s stock worth $2,064,000 after buying an additional 3,400 shares in the last quarter. NumerixS Investment Technologies Inc increased its holdings in R1 RCM by 73.3% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 10,400 shares of the financial services provider’s stock worth $131,000 after buying an additional 4,400 shares in the last quarter. Insight Wealth Strategies LLC increased its holdings in R1 RCM by 4.7% in the 2nd quarter. Insight Wealth Strategies LLC now owns 185,928 shares of the financial services provider’s stock worth $2,339,000 after buying an additional 8,357 shares in the last quarter. Bank of Montreal Can increased its holdings in R1 RCM by 179.5% in the 2nd quarter. Bank of Montreal Can now owns 13,308 shares of the financial services provider’s stock worth $168,000 after buying an additional 8,547 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in R1 RCM by 0.7% in the 2nd quarter. Northern Trust Corp now owns 1,283,606 shares of the financial services provider’s stock worth $16,147,000 after buying an additional 8,568 shares in the last quarter. Institutional investors own 70.75% of the company’s stock.

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.

See Also: How can you know how many shares are floating?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for R1 RCM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for R1 RCM and related companies with MarketBeat.com's FREE daily email newsletter.