Dynamic Technology Lab Private Ltd Takes Position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,230 shares of the company’s stock, valued at approximately $458,000.

Other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of Acadia Healthcare by 86.1% during the 2nd quarter. Blue Trust Inc. now owns 536 shares of the company’s stock valued at $36,000 after buying an additional 248 shares during the period. GAMMA Investing LLC grew its stake in shares of Acadia Healthcare by 57.1% during the 3rd quarter. GAMMA Investing LLC now owns 663 shares of the company’s stock valued at $42,000 after buying an additional 241 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Acadia Healthcare during the 2nd quarter valued at $59,000. Covestor Ltd grew its stake in shares of Acadia Healthcare by 834.4% during the 3rd quarter. Covestor Ltd now owns 1,140 shares of the company’s stock valued at $72,000 after buying an additional 1,018 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Acadia Healthcare during the 3rd quarter valued at $86,000.

Acadia Healthcare Price Performance

ACHC opened at $40.63 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.07 and a current ratio of 1.07. Acadia Healthcare Company, Inc. has a 1-year low of $36.50 and a 1-year high of $87.77. The company has a 50-day moving average of $51.17 and a 200-day moving average of $63.79. The company has a market capitalization of $3.77 billion, a P/E ratio of 13.53, a PEG ratio of 1.83 and a beta of 1.33.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. KeyCorp assumed coverage on shares of Acadia Healthcare in a report on Friday, October 11th. They set a “sector weight” rating on the stock. Barclays reduced their target price on shares of Acadia Healthcare from $76.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Cantor Fitzgerald restated a “neutral” rating and set a $90.00 target price on shares of Acadia Healthcare in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Acadia Healthcare from $70.00 to $75.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada reduced their target price on shares of Acadia Healthcare from $94.00 to $64.00 and set an “outperform” rating on the stock in a report on Monday, November 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $79.67.

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.