R1 RCM Inc. (NASDAQ:RCM) Receives Average Recommendation of “Moderate Buy” from Analysts

R1 RCM Inc. (NASDAQ:RCMGet 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

In other news, insider John M. Sparby sold 40,000 shares of R1 RCM stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $25.01, for a total transaction of $1,000,400.00. Following the completion of the transaction, the insider now directly owns 123,772 shares in the company, valued at approximately $3,095,537.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider John M. Sparby sold 4,365 shares of R1 RCM stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $26.03, for a total transaction of $113,620.95. Following the completion of the sale, the insider now directly owns 163,772 shares of the company’s stock, valued at approximately $4,262,985.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider John M. Sparby sold 40,000 shares of R1 RCM stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $25.01, for a total value of $1,000,400.00. Following the sale, the insider now directly owns 123,772 shares of the company’s stock, valued at $3,095,537.72. The disclosure for this sale can be found here. Insiders sold a total of 449,056 shares of company stock worth $11,267,189 over the last ninety days. 63.50% of the stock is currently owned by corporate insiders.

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

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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.

Further Reading

Analyst Recommendations for R1 RCM (NASDAQ:RCM)

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