TD Asset Management Inc. Buys 434,500 Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

TD Asset Management Inc. increased its holdings in Acadia Healthcare Company, Inc. (NASDAQ:ACHCGet Rating) by 103.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 856,000 shares of the company’s stock after buying an additional 434,500 shares during the period. TD Asset Management Inc.’s holdings in Acadia Healthcare were worth $51,959,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CWM LLC bought a new position in Acadia Healthcare in the 4th quarter worth approximately $33,000. Patriot Financial Group Insurance Agency LLC bought a new position in Acadia Healthcare in the 4th quarter worth approximately $47,000. Peapack Gladstone Financial Corp bought a new position in Acadia Healthcare in the 3rd quarter worth approximately $203,000. Sawtooth Solutions LLC bought a new position in Acadia Healthcare in the 3rd quarter worth approximately $229,000. Finally, CIBC Asset Management Inc boosted its holdings in Acadia Healthcare by 9.2% in the 3rd quarter. CIBC Asset Management Inc now owns 3,601 shares of the company’s stock worth $230,000 after buying an additional 303 shares during the period. 99.66% of the stock is owned by institutional investors.

Several analysts have issued reports on the stock. StockNews.com assumed coverage on shares of Acadia Healthcare in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Mizuho increased their target price on shares of Acadia Healthcare from $64.00 to $69.00 in a research note on Wednesday, May 4th. BMO Capital Markets increased their target price on shares of Acadia Healthcare from $67.00 to $82.00 in a research note on Friday, May 6th. SVB Leerink raised their price objective on shares of Acadia Healthcare from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, April 8th. Finally, Credit Suisse Group raised their price objective on shares of Acadia Healthcare from $74.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, March 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $74.57.

Shares of Acadia Healthcare stock opened at $70.59 on Friday. The firm has a market cap of $6.39 billion, a PE ratio of 26.54, a price-to-earnings-growth ratio of 1.73 and a beta of 1.28. Acadia Healthcare Company, Inc. has a 12-month low of $50.07 and a 12-month high of $76.69. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.57. The company’s fifty day simple moving average is $68.40 and its two-hundred day simple moving average is $61.44.

Acadia Healthcare (NASDAQ:ACHCGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. The business had revenue of $616.65 million for the quarter, compared to analyst estimates of $606.49 million. Acadia Healthcare had a net margin of 10.16% and a return on equity of 10.16%. The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 EPS. As a group, sell-side analysts expect that Acadia Healthcare Company, Inc. will post 3.08 earnings per share for the current fiscal year.

About Acadia Healthcare (Get Rating)

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 and Puerto Rico.

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

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