R1 RCM Inc. (NASDAQ: RCM) is 18.83% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RCM stock was last observed hovering at around $12.88 in the last trading session, with the day’s loss setting it -0.32%.
Currently trading at $12.56, the stock is -7.18% and 4.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.52 million and changing -2.48% at the moment leaves the stock -7.35% off its SMA200. RCM registered -16.27% loss for a year compared to 6-month loss of -17.26%. The firm has a 50-day simple moving average (SMA 50) of $3.04 and a 200-day simple moving average (SMA200) of $16.06.
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The stock witnessed a -10.60% gain in the last 1 month and extending the period to 3 months gives it a 17.05%, and is -3.38% 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 2.97% over the week and 2.67% over the month.
R1 RCM Inc. (RCM) has around 30000 employees, a market worth around $5.28B and $2.25B in sales. Current P/E ratio is 1769.01 and Fwd P/E is 29.37. Profit margin for the company is 0.15%. Distance from 52-week low is 41.60% and -32.85% from its 52-week high. The company has generated returns on investments over the last 12 months (0.08%).
R1 RCM Inc. quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $611.57M over the same period.The EPS is expected to shrink by -67.29% this year, but quarterly earnings will post 17.00% year-over-year. Quarterly sales are estimated to grow 12.10% in year-over-year returns.
R1 RCM Inc. (RCM) Top Institutional Holders
356 institutions hold shares in R1 RCM Inc. (RCM), with institutional investors hold 105.11% of the company’s shares. The shares outstanding are 420.20M, and float is at 150.47M with Short Float at 8.27%. Institutions hold 103.99% 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
The most recent transaction is an insider sale by SPARBY JOHN M.,the company’sPresident. SEC filings show that SPARBY JOHN M. sold 10,046 shares of the company’s common stock on Mar 07 ’24 at a price of $14.33 per share for a total of $0.14 million. Following the sale, the insider now owns 0.0 shares.
R1 RCM Inc. disclosed in a document filed with the SEC on Aug 08 ’23 that HENNEMAN JOHN B III (Director) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Aug 08 ’23 and was made at $17.17 per share for $0.86 million. Following the transaction, the insider now directly holds 72114.0 shares of the RCM stock.
Still, SEC filings show that on Jun 12 ’23, Evans Richard B. Jr. (Principal Accounting Officer) disposed off 17,000 shares at an average price of $16.84 for $0.29 million. The insider now directly holds 124,007 shares of R1 RCM Inc. (RCM).
