R1 RCM (RCM) Upgraded to “Buy” by BidaskClub

R1 RCM (NASDAQ:RCM) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Thursday.

RCM has been the subject of several other research reports. Zacks Investment Research upgraded R1 RCM from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Robert W. Baird restated a “hold” rating and issued a $5.00 price target on shares of R1 RCM in a research note on Tuesday, September 26th.

R1 RCM (NASDAQ RCM) traded up $0.14 during mid-day trading on Thursday, hitting $4.40. The stock had a trading volume of 216,043 shares, compared to its average volume of 209,218. R1 RCM has a 52-week low of $2.02 and a 52-week high of $4.64. The stock has a market capitalization of $451.38, a PE ratio of -15.71 and a beta of -0.48.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Citigroup Inc. grew its holdings in shares of R1 RCM by 0.7% in the second quarter. Citigroup Inc. now owns 98,895 shares of the financial services provider’s stock worth $370,000 after acquiring an additional 661 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of R1 RCM by 4.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 334,108 shares of the financial services provider’s stock worth $1,240,000 after acquiring an additional 15,740 shares during the period. Wells Fargo & Company MN grew its holdings in shares of R1 RCM by 43.2% in the third quarter. Wells Fargo & Company MN now owns 109,067 shares of the financial services provider’s stock worth $405,000 after acquiring an additional 32,907 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of R1 RCM by 13.1% in the third quarter. Bank of New York Mellon Corp now owns 317,302 shares of the financial services provider’s stock worth $1,178,000 after acquiring an additional 36,847 shares during the period. Finally, Virtu KCG Holdings LLC grew its holdings in shares of R1 RCM by 291.3% in the second quarter. Virtu KCG Holdings LLC now owns 56,000 shares of the financial services provider’s stock worth $210,000 after acquiring an additional 41,690 shares during the period. 47.63% of the stock is owned by 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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