R1 RCM (NASDAQ:RCM) Stock Price Down 10.2%

Shares of R1 RCM Inc (NASDAQ:RCM) were down 10.2% during trading on Tuesday . The company traded as low as $9.40 and last traded at $9.61, approximately 2,907,054 shares changed hands during mid-day trading. An increase of 203% from the average daily volume of 958,624 shares. The stock had previously closed at $10.70.

A number of analysts have recently commented on RCM shares. BidaskClub lowered shares of R1 RCM from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. Robert W. Baird set a $14.00 price objective on shares of R1 RCM and gave the stock a “buy” rating in a research report on Thursday, September 12th. ValuEngine lowered shares of R1 RCM from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 17th. Finally, Zacks Investment Research lowered shares of R1 RCM from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $14.20.

The stock’s 50-day moving average price is $11.42 and its 200 day moving average price is $11.41. The company has a debt-to-equity ratio of 106.30, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $1.08 billion, a P/E ratio of -30.05 and a beta of 0.15.



R1 RCM (NASDAQ:RCM) last announced its quarterly earnings data on Tuesday, August 6th. The financial services provider reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.08). The business had revenue of $295.00 million during the quarter, compared to the consensus estimate of $294.11 million. R1 RCM had a negative return on equity of 249.01% and a negative net margin of 2.22%. The business’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, analysts forecast that R1 RCM Inc will post -0.01 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in R1 RCM by 2.3% during the second quarter. Vanguard Group Inc. now owns 4,799,624 shares of the financial services provider’s stock worth $60,379,000 after acquiring an additional 109,554 shares in the last quarter. Bank of New York Mellon Corp raised its position in R1 RCM by 414.7% during the second quarter. Bank of New York Mellon Corp now owns 2,116,648 shares of the financial services provider’s stock worth $26,627,000 after acquiring an additional 1,705,447 shares in the last quarter. Allianz Asset Management GmbH raised its position in R1 RCM by 20.0% during the second quarter. Allianz Asset Management GmbH now owns 1,972,155 shares of the financial services provider’s stock worth $24,809,000 after acquiring an additional 328,784 shares in the last quarter. Elk Creek Partners LLC raised its position in R1 RCM by 5.6% during the first quarter. Elk Creek Partners LLC now owns 1,779,374 shares of the financial services provider’s stock worth $17,207,000 after acquiring an additional 94,411 shares in the last quarter. Finally, Northern Trust Corp raised its position in R1 RCM by 0.7% during the second quarter. Northern Trust Corp now owns 1,283,606 shares of the financial services provider’s stock worth $16,147,000 after acquiring an additional 8,568 shares in the last quarter. 70.75% of the stock is currently owned by hedge funds and other institutional investors.

R1 RCM Company Profile (NASDAQ:RCM)

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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