Checking in on R1 RCM Inc. (RCM) after recent insiders movement

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EURN Stock
EURN Stock

R1 RCM Inc.’s recently made public that its Director TCP-ASC ACHI Series LLLP unloaded Company’s shares for reported $306.38 million on Sep 13. In the deal valued at $20.43 per share,15,000,000 shares were sold. As a result of this transaction, TCP-ASC ACHI Series LLLP now holds 164,754,055 shares worth roughly $ 2.44 billion.


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Then, SPARBY JOHN M. sold 40,000 shares, generating $1,000,280 in total proceeds. Upon selling the shares at $25.01, the insider now owns 123,772 shares.

Before that, FLANAGAN JOSEPH GERARD sold 200,000 shares. R1 RCM Inc. shares valued at $4,996,600 were divested by the Chief Executive Officer at a price of $24.98 per share. As a result of the transaction, FLANAGAN JOSEPH GERARD now holds 2,792,221 shares, worth roughly $41.44 million.

Evercore ISI initiated its R1 RCM Inc. [RCM] rating to an Outperform in a research note published on Friday, October 24, 2022; the price target was $25. PT values the company’s stock at a premium of 40.64 to its Friday closing price. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in mid September with a ‘”an Overweight”‘ rating. Truist began covering RCM with “Buy” recommendation on September 07, 2022.

Price Performance Review of RCM

On Friday, R1 RCM Inc. [NASDAQ:RCM] saw its stock jump 0.47% to $14.84. On the same session, the stock had its day’s lowest price of $14.52, but rose to a high of $15.50. Over the last five days, the stock has lost -15.49%. R1 RCM Inc. shares have fallen nearly -41.78% since the year began. Nevertheless, the stocks have fallen -41.85% over the past one year. While a 52-week high of $27.86 was reached on 04/12/22, a 52-week low of $13.40 was recorded on 11/03/22. SMA at 50 days reached $19.01, while 200 days put it at $22.65. A total of 3.29 million shares were traded, compared to the trading of 1.91 million shares in the previous session.

Levels Of Support And Resistance For RCM Stock

The 24-hour chart illustrates a support level at 14.41, which if violated will result in even more drops to 13.97. On the upside, there is a resistance level at 15.39. A further resistance level may holdings at 15.93. The Relative Strength Index (RSI) on the 14-day chart is 26.78, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.12%. Stochastics %K at 31.87% indicates the stock is a holding.

How much short interest is there in R1 RCM Inc.?

A steep rise in short interest was recorded in R1 RCM Inc. stocks on Jul 14, 2022, growing by 0.17 million shares to a total of 6.87 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 6.7 million shares. There was a rise of 2.47%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.03% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.87.

R1 RCM Inc. [RCM] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 13,630,090 shares, or roughly 3.26% of the outstanding RCM shares. In other words, the investor’s shares have risen by 837,119 from its previous 13-F filing of 12792971.0. Additionally, The Vanguard Group, Inc. increased 2.00% of its stake after which the total value it holdings stand at $241,353,157, while Fidelity Management & Research Co reduced -2.23% of its stake to hold $117.28 million in the firm. Over the last quarter, Eaton Vance Management purchased 283,505 shares of R1 RCM Inc., while SSgA Funds Management, Inc. bought 124,351 shares. At present, AllianceBernstein LP is holding 3,951,611 shares valued at $73.22 million. American Century Investment Manag owned 3,896,524 shares of the company at the time of its most recent 13F filing, worth $72.2 million.

According to FactSet, R1 RCM Inc.’s share price will average $30.73 in the next year, based on opinions of analysts polled by the firm. This is up nearly 109.88 percent from its previous closing price of $14.77. Analysts expect R1 RCM Inc. stock to reach the higher price of $35.00, while the lowest price estimate is $25.00. However, 12 analysts have rated RCM stock as a Buy in their predictions for 2022.

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