Acadia Healthcare (NASDAQ:ACHC) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of Acadia Healthcare (NASDAQ:ACHC) from a sell rating to a hold rating in a research note published on Thursday morning.

Several other research analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft raised their target price on Acadia Healthcare from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. KeyCorp started coverage on shares of Acadia Healthcare in a research note on Friday, October 11th. They set a “sector weight” rating on the stock. Barclays dropped their target price on Acadia Healthcare from $83.00 to $76.00 and set an “overweight” rating for the company in a report on Monday, September 30th. Cantor Fitzgerald restated a “neutral” rating and issued a $90.00 price objective on shares of Acadia Healthcare in a research report on Tuesday, October 1st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $94.00 price objective on shares of Acadia Healthcare in a report on Friday, September 20th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $86.67.

Acadia Healthcare Price Performance

Shares of NASDAQ ACHC opened at $37.82 on Thursday. The company has a market capitalization of $3.51 billion, a PE ratio of 12.40, a PEG ratio of 1.68 and a beta of 1.33. 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 stock’s 50 day moving average price is $58.05 and its 200-day moving average price is $65.55. Acadia Healthcare has a twelve month low of $37.78 and a twelve month high of $87.77.

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

Hedge Funds Weigh In On Acadia Healthcare

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