Acadia Healthcare (NASDAQ:ACHC) Shares Up 6.3% – Here’s What Happened

Acadia Healthcare Company, Inc. (NASDAQ:ACHC)’s share price traded up 6.3% during trading on Wednesday . The stock traded as high as $39.53 and last traded at $39.44. 944,052 shares traded hands during trading, a decline of 6% from the average session volume of 1,006,032 shares. The stock had previously closed at $37.09.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ACHC. Barclays dropped their price objective on shares of Acadia Healthcare from $76.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft raised their price objective on Acadia Healthcare from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. KeyCorp initiated coverage on Acadia Healthcare in a research note on Friday, October 11th. They set a “sector weight” rating for the company. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $90.00 price target on shares of Acadia Healthcare in a report on Tuesday, October 1st. Finally, StockNews.com downgraded shares of Acadia Healthcare from a “hold” rating to a “sell” rating in a research report on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $79.67.

Acadia Healthcare Trading Down 0.9 %

The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.60. The firm’s 50 day moving average is $54.95 and its two-hundred day moving average is $64.77. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 1.64 and a beta of 1.33.

Acadia Healthcare (NASDAQ:ACHC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. Acadia Healthcare had a return on equity of 11.12% and a net margin of 8.99%. The business had revenue of $815.60 million during the quarter, compared to analyst estimates of $819.42 million. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 EPS. Equities analysts anticipate that Acadia Healthcare Company, Inc. will post 3.38 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Acadia Healthcare in the second quarter valued at approximately $800,000. TCW Group Inc. grew its holdings in Acadia Healthcare by 63.8% in the 2nd quarter. TCW Group Inc. now owns 62,888 shares of the company’s stock worth $4,247,000 after buying an additional 24,487 shares in the last quarter. SG Americas Securities LLC increased its position in Acadia Healthcare by 435.6% in the 2nd quarter. SG Americas Securities LLC now owns 18,227 shares of the company’s stock valued at $1,231,000 after acquiring an additional 14,824 shares during the period. Principal Financial Group Inc. boosted its position in Acadia Healthcare by 19.4% during the 2nd quarter. Principal Financial Group Inc. now owns 643,521 shares of the company’s stock worth $43,463,000 after acquiring an additional 104,359 shares during the period. Finally, Texas Permanent School Fund Corp grew its stake in shares of Acadia Healthcare by 11.3% in the second quarter. Texas Permanent School Fund Corp now owns 89,821 shares of the company’s stock worth $6,067,000 after purchasing an additional 9,115 shares in the last quarter.

About Acadia Healthcare

Acadia Healthcare Company, Inc provides behavioral healthcare services in the United States and Puerto Rico. The company develops and operates acute inpatient psychiatric facilities, specialty treatment facilities comprising residential recovery facilities and eating disorder facilities, comprehensive treatment centers, and residential treatment centers, as well as facilities offering outpatient behavioral healthcare services for the behavioral healthcare and recovery needs of communities.