R1 RCM (NASDAQ:RCM) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Finally, AQR Capital Management LLC increased its holdings in shares of R1 RCM by 15.5% in the third quarter. AQR Capital Management LLC now …

R1 RCM logoR1 RCM (NASDAQ:RCM) announced its quarterly earnings data on Thursday, May 9th. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01, Briefing.com reports. R1 RCM had a negative net margin of 2.19% and a negative return on equity of 118.28%. The business had revenue of $275.90 million during the quarter, compared to analyst estimates of $266.37 million. During the same period last year, the firm posted ($0.26) EPS. The company’s revenue was up 87.3% on a year-over-year basis. R1 RCM updated its FY 2019 guidance to EPS.

RCM traded up $0.09 during trading on Friday, reaching $11.46. The company had a trading volume of 887,690 shares, compared to its average volume of 983,608. The company has a market cap of $1.27 billion, a PE ratio of -35.81 and a beta of 0.14. R1 RCM has a 52 week low of $7.10 and a 52 week high of $12.48. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 118.26.

A number of institutional investors and hedge funds have recently modified their holdings of RCM. Bank of New York Mellon Corp increased its holdings in shares of R1 RCM by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 401,937 shares of the financial services provider’s stock valued at $4,084,000 after purchasing an additional 11,490 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of R1 RCM by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 884,190 shares of the financial services provider’s stock valued at $8,983,000 after purchasing an additional 20,281 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of R1 RCM by 244.0% in the third quarter. JPMorgan Chase & Co. now owns 207,326 shares of the financial services provider’s stock valued at $2,106,000 after purchasing an additional 147,053 shares in the last quarter. MetLife Investment Advisors LLC increased its holdings in shares of R1 RCM by 57.5% in the third quarter. MetLife Investment Advisors LLC now owns 74,057 shares of the financial services provider’s stock valued at $752,000 after purchasing an additional 27,031 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of R1 RCM by 15.5% in the third quarter. AQR Capital Management LLC now owns 76,482 shares of the financial services provider’s stock valued at $777,000 after purchasing an additional 10,286 shares in the last quarter. Institutional investors own 66.16% of the company’s stock.

A number of research firms recently weighed in on RCM. BidaskClub lowered shares of R1 RCM from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. Zacks Investment Research lowered shares of R1 RCM from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Finally, Cantor Fitzgerald raised their target price on shares of R1 RCM from $11.00 to $13.00 and gave the company an “overweight” rating in a report on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $14.20.

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About R1 RCM

R1 RCM Inc provides revenue cycle management (RCM) for healthcare providers in the United States. It offers end-to-end RCM services to manage their revenue cycle operations, which encompass patient registration, insurance and benefit verification, medical treatment documentation and coding, and bill preparation and collection from patients and payers.

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Earnings History for R1 RCM (NASDAQ:RCM)

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BlackRock Inc. Acquires 349052 Shares of R1 RCM Inc (NASDAQ:RCM)

Finally, WINTON GROUP Ltd raised its holdings in R1 RCM by 72.1% in the 4th quarter. WINTON GROUP Ltd now owns 23,503 shares of the financial …

R1 RCM logoBlackRock Inc. lifted its position in R1 RCM Inc (NASDAQ:RCM) by 4.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,953,044 shares of the financial services provider’s stock after acquiring an additional 349,052 shares during the period. BlackRock Inc. owned 7.21% of R1 RCM worth $63,227,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in shares of R1 RCM by 64.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,463 shares of the financial services provider’s stock worth $59,000 after buying an additional 2,926 shares during the last quarter. Marshall Wace North America L.P. boosted its stake in shares of R1 RCM by 13.9% in the 3rd quarter. Marshall Wace North America L.P. now owns 35,047 shares of the financial services provider’s stock worth $356,000 after buying an additional 4,290 shares during the last quarter. United Services Automobile Association boosted its stake in shares of R1 RCM by 45.9% in the 3rd quarter. United Services Automobile Association now owns 21,806 shares of the financial services provider’s stock worth $222,000 after buying an additional 6,858 shares during the last quarter. Swiss National Bank boosted its stake in shares of R1 RCM by 5.5% in the 3rd quarter. Swiss National Bank now owns 153,000 shares of the financial services provider’s stock worth $1,554,000 after buying an additional 8,000 shares during the last quarter. Finally, WINTON GROUP Ltd raised its holdings in R1 RCM by 72.1% in the 4th quarter. WINTON GROUP Ltd now owns 23,503 shares of the financial services provider’s stock worth $187,000 after purchasing an additional 9,848 shares during the period. 65.58% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on RCM shares. Zacks Investment Research raised R1 RCM from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Saturday, March 2nd. BidaskClub cut R1 RCM from a “hold” rating to a “sell” rating in a report on Saturday, January 19th. Finally, KeyCorp initiated coverage on R1 RCM in a report on Tuesday, January 22nd. They set an “overweight” rating and a $10.00 price target on the stock. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. R1 RCM has a consensus rating of “Buy” and an average target price of $13.80.

RCM opened at $10.47 on Wednesday. The stock has a market capitalization of $1.16 billion, a P/E ratio of -32.72 and a beta of 0.11. R1 RCM Inc has a 12 month low of $7.10 and a 12 month high of $11.00. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 56.51.

R1 RCM (NASDAQ:RCM) last released its quarterly earnings results on Friday, February 22nd. The financial services provider reported ($0.02) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.02). R1 RCM had a negative return on equity of 145.94% and a negative net margin of 5.22%. The company had revenue of $262.90 million during the quarter, compared to analyst estimates of $264.48 million. The company’s quarterly revenue was up 87.4% on a year-over-year basis. Analysts anticipate that R1 RCM Inc will post 0.25 earnings per share for the current year.

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R1 RCM Profile

R1 RCM Inc provides revenue cycle management (RCM) for healthcare providers in the United States. It offers end-to-end RCM services to manage their revenue cycle operations, which encompass patient registration, insurance and benefit verification, medical treatment documentation and coding, and bill preparation and collection from patients and payers.

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Institutional Ownership by Quarter for R1 RCM (NASDAQ:RCM)

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Bessemer Group Inc. Acquires Shares of 19632 R1 RCM Inc (NASDAQ:RCM)

Finally, WINTON GROUP Ltd bought a new position in shares of R1 RCM in the 3rd quarter valued at about $139,000. Institutional investors own …

R1 RCM logoBessemer Group Inc. acquired a new position in R1 RCM Inc (NASDAQ:RCM) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 19,632 shares of the financial services provider’s stock, valued at approximately $156,000.

Other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in shares of R1 RCM by 64.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,463 shares of the financial services provider’s stock valued at $59,000 after buying an additional 2,926 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of R1 RCM by 1,501.7% in the 4th quarter. Bank of Montreal Can now owns 11,388 shares of the financial services provider’s stock worth $90,000 after buying an additional 10,677 shares during the last quarter. Falcon Point Capital LLC purchased a new stake in shares of R1 RCM during the 4th quarter valued at about $112,000. Cim LLC bought a new position in shares of R1 RCM in the 4th quarter valued at about $120,000. Finally, WINTON GROUP Ltd bought a new position in shares of R1 RCM in the 3rd quarter valued at about $139,000. Institutional investors own 65.58% of the company’s stock.

A number of equities research analysts have issued reports on RCM shares. KeyCorp started coverage on R1 RCM in a research report on Tuesday, January 22nd. They set an “overweight” rating and a $10.00 price objective on the stock. BidaskClub raised shares of R1 RCM from a “hold” rating to a “buy” rating in a research note on Wednesday, February 20th. Citigroup assumed coverage on shares of R1 RCM in a research note on Monday, December 10th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Zacks Investment Research raised shares of R1 RCM from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Saturday, March 2nd. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $13.00.

Shares of RCM stock opened at $10.50 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 56.51. The firm has a market cap of $1.16 billion, a P/E ratio of -32.81 and a beta of 0.11. R1 RCM Inc has a 1-year low of $7.10 and a 1-year high of $11.00.

R1 RCM (NASDAQ:RCM) last issued its quarterly earnings results on Friday, February 22nd. The financial services provider reported ($0.02) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.02). R1 RCM had a negative return on equity of 145.94% and a negative net margin of 5.22%. The company had revenue of $262.90 million during the quarter, compared to analysts’ expectations of $264.48 million. The business’s quarterly revenue was up 87.4% on a year-over-year basis. On average, equities research analysts forecast that R1 RCM Inc will post 0.25 earnings per share for the current fiscal year.

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R1 RCM Company Profile

R1 RCM Inc provides revenue cycle management (RCM) for healthcare providers in the United States. It offers end-to-end RCM services to manage their revenue cycle operations, which encompass patient registration, insurance and benefit verification, medical treatment documentation and coding, and bill preparation and collection from patients and payers.

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Institutional Ownership by Quarter for R1 RCM (NASDAQ:RCM)

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R1 RCM (RCM) Stock Rating Upgraded by BidaskClub

WINTON GROUP Ltd purchased a new position in shares of R1 RCM in the 3rd quarter worth approximately $139,000. Falcon Point Capital LLC …

R1 RCM logoR1 RCM (NASDAQ:RCM) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, March 13th, BidAskClub reports.

Several other research analysts have also recently issued reports on RCM. Zacks Investment Research cut R1 RCM from a “hold” rating to a “sell” rating in a research report on Friday, November 16th. KeyCorp started coverage on R1 RCM in a research report on Tuesday, January 22nd. They issued an “overweight” rating and a $10.00 target price on the stock. Finally, Citigroup started coverage on R1 RCM in a research report on Monday, December 10th. They issued a “buy” rating and a $20.00 target price on the stock. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $13.00.

RCM traded up $0.11 during trading on Wednesday, reaching $10.16. The stock had a trading volume of 792,323 shares, compared to its average volume of 946,848. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 56.51. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -31.75 and a beta of 0.11. R1 RCM has a one year low of $7.10 and a one year high of $11.00.

R1 RCM (NASDAQ:RCM) last released its earnings results on Friday, February 22nd. The financial services provider reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02). R1 RCM had a negative return on equity of 145.94% and a negative net margin of 5.22%. The firm had revenue of $262.90 million for the quarter, compared to analysts’ expectations of $264.48 million. R1 RCM’s quarterly revenue was up 87.4% on a year-over-year basis. On average, analysts predict that R1 RCM will post 0.25 EPS for the current year.

Large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its stake in R1 RCM by 64.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,463 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 2,926 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of R1 RCM by 1,501.7% in the 4th quarter. Bank of Montreal Can now owns 11,388 shares of the financial services provider’s stock worth $90,000 after purchasing an additional 10,677 shares during the period. WINTON GROUP Ltd purchased a new position in shares of R1 RCM in the 3rd quarter worth approximately $139,000. Falcon Point Capital LLC purchased a new position in shares of R1 RCM in the 4th quarter worth approximately $112,000. Finally, Cim LLC purchased a new position in shares of R1 RCM in the 4th quarter worth approximately $120,000. 65.58% of the stock is currently owned by institutional investors and hedge funds.

About R1 RCM

R1 RCM Inc provides revenue cycle management (RCM) for healthcare providers in the United States. It offers end-to-end RCM services to manage their revenue cycle operations, which encompass patient registration, insurance and benefit verification, medical treatment documentation and coding, and bill preparation and collection from patients and payers.

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Analyst Recommendations for R1 RCM (NASDAQ:RCM)

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Pura Vida Investments LLC Trims Position in R1 RCM Inc (RCM)

Finally, WINTON GROUP Ltd acquired a new position in shares of R1 RCM during the third quarter worth $139,000. Institutional investors and hedge …

R1 RCM logoPura Vida Investments LLC cut its position in shares of R1 RCM Inc (NASDAQ:RCM) by 84.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,283 shares of the financial services provider’s stock after selling 191,826 shares during the quarter. Pura Vida Investments LLC’s holdings in R1 RCM were worth $281,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of RCM. PNC Financial Services Group Inc. grew its stake in R1 RCM by 64.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,463 shares of the financial services provider’s stock worth $59,000 after buying an additional 2,926 shares during the period. Bank of Montreal Can lifted its position in shares of R1 RCM by 1,501.7% during the fourth quarter. Bank of Montreal Can now owns 11,388 shares of the financial services provider’s stock worth $90,000 after purchasing an additional 10,677 shares in the last quarter. Falcon Point Capital LLC acquired a new position in shares of R1 RCM during the fourth quarter worth $112,000. Cim LLC acquired a new position in shares of R1 RCM during the fourth quarter worth $120,000. Finally, WINTON GROUP Ltd acquired a new position in shares of R1 RCM during the third quarter worth $139,000. Institutional investors and hedge funds own 65.58% of the company’s stock.

Shares of RCM opened at $9.67 on Monday. The stock has a market capitalization of $1.07 billion, a P/E ratio of -30.22 and a beta of 0.11. The company has a debt-to-equity ratio of 56.51, a current ratio of 1.00 and a quick ratio of 1.00. R1 RCM Inc has a 52-week low of $6.95 and a 52-week high of $11.00.

R1 RCM (NASDAQ:RCM) last announced its earnings results on Friday, February 22nd. The financial services provider reported ($0.02) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.02). R1 RCM had a negative net margin of 5.22% and a negative return on equity of 145.94%. The firm had revenue of $262.90 million during the quarter, compared to analyst estimates of $264.48 million. The business’s quarterly revenue was up 87.4% compared to the same quarter last year. Equities research analysts expect that R1 RCM Inc will post 0.25 EPS for the current fiscal year.

Several research firms recently issued reports on RCM. Zacks Investment Research raised shares of R1 RCM from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Saturday, March 2nd. BidaskClub raised shares of R1 RCM from a “hold” rating to a “buy” rating in a report on Wednesday, February 20th. Citigroup began coverage on shares of R1 RCM in a report on Monday, December 10th. They set a “buy” rating and a $20.00 target price on the stock. Finally, KeyCorp began coverage on shares of R1 RCM in a report on Tuesday, January 22nd. They set an “overweight” rating and a $10.00 target price on the stock. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. R1 RCM has an average rating of “Buy” and a consensus target price of $13.00.

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R1 RCM Profile

R1 RCM Inc provides revenue cycle management (RCM) for healthcare providers in the United States. It offers end-to-end RCM services to manage their revenue cycle operations, which encompass patient registration, insurance and benefit verification, medical treatment documentation and coding, and bill preparation and collection from patients and payers.

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Institutional Ownership by Quarter for R1 RCM (NASDAQ:RCM)

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