R1 RCM (RCM) Downgraded by BidaskClub

BidaskClub cut shares of R1 RCM (NASDAQ:RCM) from a strong-buy rating to a buy rating in a report published on Friday.

A number of other equities research analysts also recently issued reports on RCM. Robert W. Baird reissued a hold rating and set a $5.00 price target on shares of R1 RCM in a research report on Tuesday, September 26th. Zacks Investment Research raised R1 RCM from a strong sell rating to a hold rating in a research report on Wednesday, October 4th.

R1 RCM (NASDAQ RCM) traded up $0.03 during mid-day trading on Friday, reaching $4.22. The company’s stock had a trading volume of 221,200 shares, compared to its average volume of 245,600. R1 RCM has a 1 year low of $2.02 and a 1 year high of $4.64. The stock has a market capitalization of $437.92, a P/E ratio of -16.23 and a beta of -0.48.

A number of hedge funds have recently bought and sold shares of RCM. Paradigm Capital Management Inc. NY lifted its stake in shares of R1 RCM by 14.8% during the third quarter. Paradigm Capital Management Inc. NY now owns 6,967,900 shares of the financial services provider’s stock worth $25,851,000 after purchasing an additional 900,753 shares in the last quarter. Vanguard Group Inc. acquired a new position in shares of R1 RCM during the second quarter worth about $10,550,000. State Street Corp acquired a new position in shares of R1 RCM during the second quarter worth about $5,327,000. Northern Trust Corp lifted its stake in shares of R1 RCM by 46.4% during the second quarter. Northern Trust Corp now owns 1,145,411 shares of the financial services provider’s stock worth $4,295,000 after purchasing an additional 362,773 shares in the last quarter. Finally, AJO LP acquired a new position in shares of R1 RCM during the second quarter worth about $3,090,000. 47.63% of the stock is owned by hedge funds and other institutional investors.

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R1 RCM Company Profile

R1 RCM Inc, formerly Accretive Health, Inc, is a provider of revenue cycle management (RCM) and physician advisory services (PAS) to healthcare providers. The Company is engaged in providing management services of revenue cycle operations for the United States-based hospitals and other medical services providers.

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