Congress Asset Management Co. MA Has $4.48 Million Holdings in Acadia Healthcare Company Inc (ACHC)

Congress Asset Management Co. MA raised its position in Acadia Healthcare Company Inc (NASDAQ:ACHC) by 7.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,348 shares of the company’s stock after acquiring an additional 8,417 shares during the quarter. Congress Asset Management Co. MA owned approximately 0.14% of Acadia Healthcare worth $4,483,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ACHC. Capital Fund Management S.A. purchased a new position in shares of Acadia Healthcare during the second quarter valued at about $3,351,000. Envestnet Asset Management Inc. increased its position in shares of Acadia Healthcare by 6.1% during the second quarter. Envestnet Asset Management Inc. now owns 78,446 shares of the company’s stock valued at $3,209,000 after buying an additional 4,535 shares during the period. Glenmede Trust Co. NA increased its position in shares of Acadia Healthcare by 4.1% during the second quarter. Glenmede Trust Co. NA now owns 1,028,476 shares of the company’s stock valued at $42,075,000 after buying an additional 40,147 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Acadia Healthcare by 18.5% during the second quarter. Public Employees Retirement System of Ohio now owns 36,925 shares of the company’s stock valued at $1,511,000 after buying an additional 5,762 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Acadia Healthcare by 27.8% during the second quarter. Dimensional Fund Advisors LP now owns 5,153,977 shares of the company’s stock valued at $210,849,000 after buying an additional 1,122,452 shares during the period.

Several equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Acadia Healthcare from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, July 24th. ValuEngine upgraded shares of Acadia Healthcare from a “sell” rating to a “hold” rating in a research report on Friday. Credit Suisse Group boosted their price target on shares of Acadia Healthcare from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Tuesday, July 31st. BidaskClub cut shares of Acadia Healthcare from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Finally, Jefferies Financial Group boosted their price target on shares of Acadia Healthcare from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Acadia Healthcare currently has a consensus rating of “Hold” and a consensus price target of $43.11.



Shares of ACHC opened at $39.50 on Monday. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 1.42 and a beta of 0.64. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.24 and a current ratio of 1.24. Acadia Healthcare Company Inc has a fifty-two week low of $26.92 and a fifty-two week high of $45.02.

Acadia Healthcare Profile

Acadia Healthcare Company, Inc develops and operates inpatient psychiatric facilities, residential treatment centers, group homes, substance abuse facilities, and outpatient behavioral healthcare facilities to serve the behavioral health and recovery needs of communities. The company operates acute inpatient psychiatric facilities, which offer evaluation and crisis stabilization of patients with severe psychiatric diagnoses; specialty treatment facilities, including residential recovery facilities, eating disorder facilities, and comprehensive treatment centers that provide continuum care for adults with addictive disorders and co-occurring mental disorders; and residential treatment centers, which treat patients with behavioral disorders in a non-hospital setting, including outdoor programs.

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Institutional Ownership by Quarter for Acadia Healthcare (NASDAQ:ACHC)

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