Brokerages Set R1 RCM Inc. (NASDAQ:RCM) Target Price at $15.41

R1 RCM Inc. (NASDAQ:RCM) has been assigned an average recommendation of “Hold” from the eighteen ratings firms that are covering the firm, MarketBeat.com reports. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $15.41.

RCM has been the topic of a number of research reports. Leerink Partnrs downgraded R1 RCM from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of R1 RCM from $14.00 to $16.00 and gave the company a “hold” rating in a research report on Tuesday, July 9th. Stephens lowered shares of R1 RCM from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 1st. Jefferies Financial Group lowered shares of R1 RCM from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Leerink Partners cut shares of R1 RCM from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $17.00 to $14.30 in a research report on Thursday, August 1st.

Institutional Trading of R1 RCM

A number of hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in R1 RCM by 41.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,597 shares of the healthcare provider’s stock valued at $37,000 after acquiring an additional 759 shares during the last quarter. Retirement Systems of Alabama raised its stake in shares of R1 RCM by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 247,476 shares of the healthcare provider’s stock valued at $3,187,000 after purchasing an additional 856 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of R1 RCM by 4.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 19,601 shares of the healthcare provider’s stock worth $207,000 after purchasing an additional 908 shares during the last quarter. Arizona State Retirement System grew its stake in R1 RCM by 2.1% in the second quarter. Arizona State Retirement System now owns 47,063 shares of the healthcare provider’s stock worth $591,000 after purchasing an additional 969 shares in the last quarter. Finally, QRG Capital Management Inc. grew its stake in R1 RCM by 10.6% in the second quarter. QRG Capital Management Inc. now owns 11,307 shares of the healthcare provider’s stock worth $142,000 after purchasing an additional 1,080 shares in the last quarter. Institutional investors and hedge funds own 61.10% of the company’s stock.

R1 RCM Stock Performance

Shares of RCM stock opened at $14.21 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of -177.63 and a beta of 0.85. R1 RCM has a one year low of $8.87 and a one year high of $15.12. The company has a 50 day moving average price of $14.06 and a 200 day moving average price of $13.05.

R1 RCM (NASDAQ:RCM) last released its quarterly earnings data on Wednesday, August 7th. The healthcare provider reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03. The business had revenue of $627.90 million during the quarter, compared to the consensus estimate of $633.10 million. R1 RCM had a negative return on equity of 1.44% and a negative net margin of 1.68%. The firm’s revenue was up 12.0% on a year-over-year basis. Sell-side analysts anticipate that R1 RCM will post -0.24 EPS for the current year.

About R1 RCM

R1 RCM Inc provides technology-driven solutions for the financial performance and patient experience of health systems, hospitals, and physician groups. It provides operating partnership/end-to-end solutions, which manages multiple aspects of the revenue cycle to realize financial leverage and revenue improvement for hospital and physician customers.