R1 RCM Inc. (NASDAQ: RCM) is 34.82% higher on its value in year-to-date trading and has touched a low of $8.87 and a high of $15.12 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 $14.23 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $14.25, the stock is 0.40% and 0.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.38 million and changing 0.14% at the moment leaves the stock 12.20% off its SMA200. RCM registered 28.96% gain for a year compared to 6-month gain of 18.85%. The firm has a 50-day simple moving average (SMA 50) of $14.1188 and a 200-day simple moving average (SMA200) of $12.70065.
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The stock witnessed a 0.71% loss in the last 1 month and extending the period to 3 months gives it a 7.06%, and is 0.28% up 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 0.19% over the week and 0.22% over the month.
R1 RCM Inc. (RCM) has around 30000 employees, a market worth around $6.02B and $2.38B in sales. Fwd P/E is 38.15. Profit margin for the company is -1.68%. Distance from 52-week low is 60.65% and -5.75% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.79%).
with sales reaching $634.17M over the same period.The EPS is expected to shrink by -84.70% this year, but quarterly earnings will post 12.60% year-over-year.
R1 RCM Inc. (RCM) Top Institutional Holders
366.0 institutions hold shares in R1 RCM Inc. (RCM), with institutional investors hold 99.46% of the company’s shares. The shares outstanding are 420.20M, and float is at 156.92M with Short Float at 7.73%. Institutions hold 98.42% of the Float.
The top institutional shareholder in the company is NEW MOUNTAIN CAPITAL, L.L.C. with over 94.98 million shares valued at $1.19 billion. The investor’s holdings represent 22.5917% of the RCM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 16.49 million shares valued at $207.07 million to account for 3.9214 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 14.93 million shares representing 3.5512% and valued at over $187.53 million, while COLISEUM CAPITAL MANAGEMENT, LLC holds 2.4461 of the shares totaling 10.28 million with a market value of $129.17 million.
R1 RCM Inc. (RCM) Insider Activity
The most recent transaction is an insider sale by SPARBY JOHN M., the company’s President. 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.
