5 Best New Stocks to Buy According to Hedge Funds

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1. R1 RCM Inc. (NASDAQ:RCM)

Number of Hedge Fund Holders: 30     

R1 RCM Inc. (NASDAQ:RCM) provides technology-driven solutions that transform the patient experience and financial performance of hospitals, health systems, and medical groups. It is one of the elite IPO stocks to invest in. On September 29, the firm released two comprehensive reports which explore financial challenges facing the healthcare industry and ways that executives are overcoming them through revenue cycle management partnerships.

On September 15, KeyBanc analyst Scott Schoenhaus initiated coverage of R1 RCM  Inc. (NASDAQ:RCM) stock with an Overweight rating and a $30 price target, noting that the company expects a beat-and-raise in the coming quarters. 

At the end of the second quarter of 2022, 30 hedge funds in the database of Insider Monkey held stakes worth $262 million in R1 RCM Inc. (NASDAQ:RCM).

You can also take a peek at 10 Best Stocks to Buy According to Angela Aldrich’s Bayberry Capital Partners and Top 10 Tech Stocks to Buy According to Billionaire Louis Bacon.

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