R1 RCM (RCM) Stock Rating Lowered by BidaskClub
R1 RCM (NASDAQ:RCM) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
Several other research firms also recently commented on RCM. Robert W. Baird restated a “hold” rating and set a $5.00 price objective on shares of R1 RCM in a report on Tuesday, September 26th. Zacks Investment Research upgraded R1 RCM from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th.
R1 RCM (NASDAQ:RCM) opened at $4.27 on Friday. R1 RCM has a 12 month low of $2.02 and a 12 month high of $4.64. The stock has a market capitalization of $458.85, a P/E ratio of -16.42 and a beta of -0.48.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. bought a new stake in R1 RCM during the second quarter worth $1,194,000. Vanguard Group Inc. bought a new stake in R1 RCM during the second quarter worth $10,550,000. P.A.W. Capital Corp grew its holdings in R1 RCM by 109.2% during the third quarter. P.A.W. Capital Corp now owns 535,000 shares of the financial services provider’s stock worth $1,985,000 after buying an additional 279,300 shares in the last quarter. Paradigm Capital Management Inc. NY grew its holdings in 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 buying an additional 900,753 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in R1 RCM during the second quarter worth $1,051,000. Hedge funds and other institutional investors own 47.41% of the company’s stock.
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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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