R1 RCM Inc. (NASDAQ:RCM – Get Rating) has earned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $30.50.
RCM has been the subject of a number of research reports. JPMorgan Chase & Co. initiated coverage on R1 RCM in a report on Monday, August 1st. They set an “overweight” rating for the company. Deutsche Bank Aktiengesellschaft increased their price objective on R1 RCM from $26.00 to $31.00 in a report on Thursday, August 4th. Truist Financial started coverage on R1 RCM in a report on Wednesday, September 7th. They set a “buy” rating and a $29.00 price objective for the company. Finally, Barclays restated an “overweight” rating and issued a $29.00 price target on shares of R1 RCM in a research note on Wednesday, June 29th.
R1 RCM Stock Down 2.3 %
NASDAQ:RCM opened at $21.76 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.54 and a current ratio of 1.57. The company has a market cap of $9.05 billion, a PE ratio of 120.90 and a beta of 0.95. R1 RCM has a 52-week low of $18.73 and a 52-week high of $27.86. The stock has a 50-day simple moving average of $23.66 and a 200 day simple moving average of $23.56.
Insider Buying and Selling at R1 RCM
Institutional Trading of R1 RCM
Several hedge funds have recently added to or reduced their stakes in the company. Macquarie Group Ltd. lifted its holdings in R1 RCM by 11.0% during the 2nd quarter. Macquarie Group Ltd. now owns 4,159 shares of the healthcare provider’s stock worth $88,000 after purchasing an additional 411 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in R1 RCM by 12.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,608 shares of the healthcare provider’s stock valued at $97,000 after acquiring an additional 508 shares in the last quarter. Prospera Financial Services Inc raised its holdings in R1 RCM by 2.1% in the 1st quarter. Prospera Financial Services Inc now owns 27,760 shares of the healthcare provider’s stock valued at $743,000 after acquiring an additional 571 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in R1 RCM by 2.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 37,221 shares of the healthcare provider’s stock valued at $996,000 after acquiring an additional 712 shares in the last quarter. Finally, Retirement Systems of Alabama raised its holdings in R1 RCM by 0.4% in the 1st quarter. Retirement Systems of Alabama now owns 175,230 shares of the healthcare provider’s stock valued at $4,689,000 after acquiring an additional 742 shares in the last quarter. 49.86% of the stock is owned by institutional investors and hedge funds.
About R1 RCM
R1 RCM Inc provides technology-driven solutions that transform the patient experience and financial performance of hospitals, health systems, and medical groups. It offers end-to-end revenue cycle management (RCM) services, which address the spectrum of revenue cycle challenges faced by healthcare providers.
- Get a free copy of the StockNews.com research report on R1 RCM (RCM)
- Darden Restaurants Takes the Low Road Against Inflation
- Why These 3 Stocks Are Off to Hot September Starts
- Inflation Doesn’t Differentiate, But it’s Impact Does
- 3 Downgraded Must-Have Stocks To Put On Your Watchlist
- This Is What To Expect From The Q3 Earnings Reporting Season
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.