Rock Creek Group LP acquired a new stake in Acadia Healthcare Company Inc (NASDAQ:ACHC) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 50,900 shares of the company’s stock, valued at approximately $1,779,000.
A number of other hedge funds also recently made changes to their positions in the business. MUFG Americas Holdings Corp grew its stake in shares of Acadia Healthcare by 127.4% in the second quarter. MUFG Americas Holdings Corp now owns 1,294 shares of the company’s stock worth $45,000 after acquiring an additional 725 shares during the last quarter. Twin Tree Management LP raised its stake in shares of Acadia Healthcare by 3,472.3% in the first quarter. Twin Tree Management LP now owns 2,965 shares of the company’s stock worth $87,000 after buying an additional 2,882 shares during the period. Panagora Asset Management Inc. raised its stake in Acadia Healthcare by 84.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 3,940 shares of the company’s stock valued at $138,000 after purchasing an additional 1,800 shares during the period. Advisor Group Inc. raised its stake in Acadia Healthcare by 27.1% during the 2nd quarter. Advisor Group Inc. now owns 4,208 shares of the company’s stock valued at $146,000 after purchasing an additional 896 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Acadia Healthcare by 228.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,806 shares of the company’s stock worth $141,000 after purchasing an additional 3,344 shares during the period.
Several research analysts have recently commented on the company. BidaskClub raised Acadia Healthcare from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 11th. UBS Group lowered their target price on Acadia Healthcare from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Friday, September 6th. Raymond James downgraded Acadia Healthcare from a “strong-buy” rating to an “outperform” rating and set a $45.00 target price on the stock. in a research note on Wednesday, July 31st. Zacks Investment Research cut Acadia Healthcare from a “hold” rating to a “sell” rating and set a $31.00 price target for the company. in a report on Wednesday, August 7th. Finally, Mizuho set a $30.00 target price on Acadia Healthcare and gave the company a “hold” rating in a report on Friday, May 31st. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $36.00.
Shares of NASDAQ:ACHC traded up $0.26 during midday trading on Wednesday, hitting $32.25. The company had a trading volume of 17,845 shares, compared to its average volume of 828,008. Acadia Healthcare Company Inc has a twelve month low of $24.27 and a twelve month high of $45.35. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 1.41 and a beta of 0.71. The business’s 50-day simple moving average is $28.44 and its 200-day simple moving average is $31.06.
Acadia Healthcare (NASDAQ:ACHC) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.59 by $0.02. Acadia Healthcare had a positive return on equity of 7.20% and a negative net margin of 6.80%. The firm had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $795.31 million. During the same quarter last year, the firm earned $0.70 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, sell-side analysts forecast that Acadia Healthcare Company Inc will post 2.14 EPS for the current year.
About Acadia Healthcare
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 in the United States, the United Kingdom, and Puerto Rico.
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