Positives for R1 RCM Inc. (RCM) as stock gains in recent trading

R1 RCM Inc. (NASDAQ: RCM) is -1.14% lower on its value in year-to-date trading and has touched a low of $8.87 and a high of $18.70 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RCM stock was last observed hovering at around $10.57 in the last trading session, with the day’s loss setting it -0.12%.

Currently trading at $10.45, the stock is 2.75% and 1.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.19 million and changing -1.14% at the moment leaves the stock -26.08% off its SMA200. RCM registered -24.87% loss for a year compared to 6-month loss of -36.74%. The firm has a 50-day simple moving average (SMA 50) of $2.73 and a 200-day simple moving average (SMA200) of $16.28.

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The stock witnessed a 12.37% gain in the last 1 month and extending the period to 3 months gives it a -3.60%, and is -3.15% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.20% over the week and 5.01% over the month.

Fwd P/E is 36.82. Profit margin for the company is -1.57%. Distance from 52-week low is 17.81% and -44.13% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.78%).

R1 RCM Inc. quarterly earnings per share for the current quarter are estimated at $0.02 with sales reaching $578.69M over the same period.The EPS is expected to grow by 240.13% this year, but quarterly earnings will post 25.10% year-over-year. Quarterly sales are estimated to grow 8.60% in year-over-year returns.

R1 RCM Inc. (RCM) Top Institutional Holders

337 institutions hold shares in R1 RCM Inc. (RCM), with institutional investors hold 105.84% of the company’s shares. The shares outstanding are 417.72M, and float is at 151.02M with Short Float at 18.21%. Institutions hold 104.71% of the Float.

The top institutional shareholder in the company is New Mountain Capital, L.L.C. with over 94.41 million shares valued at $1.74 billion. The investor’s holdings represent 22.53% of the RCM Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 16.99 million shares valued at $313.53 million to account for 4.06% of the shares outstanding. The other top investors are Blackrock Inc. which holds 14.08 million shares representing 3.36% and valued at over $259.76 million, while Citadel Advisors Llc holds 1.99% of the shares totaling 8.34 million with a market value of $153.81 million.

R1 RCM Inc. (RCM) Insider Activity

A total of 0 insider transactions have happened at R1 RCM Inc. (RCM) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by HENNEMAN JOHN B III ,the company’sDirector. SEC filings show that HENNEMAN JOHN B III sold 50,000 shares of the company’s common stock on Aug 08 at a price of $17.17 per share for a total of $0.86 million. Following the sale, the insider now owns 72114.0 shares.

R1 RCM Inc. disclosed in a document filed with the SEC on Jun 12 that Evans Richard B. Jr. (Principal Accounting Officer) sold a total of 17,000 shares of the company’s common stock. The trade occurred on Jun 12 and was made at $16.84 per share for $0.29 million. Following the transaction, the insider now directly holds 0.12 million shares of the RCM stock.

Still, SEC filings show that on Jun 09, Evans Richard B. Jr. (Principal Accounting Officer) disposed off 12,000 shares at an average price of $16.69 for $0.2 million. The insider now directly holds 141,007 shares of R1 RCM Inc. (RCM).

R1 RCM Inc. (RCM): Who are the competitors?

The company’s main competitors (and peers) include Gartner Inc. (IT) that is trading 31.88% up over the past 12 months. Veradigm Inc. (MDRX) that is -52.10% lower over the same period.