Everence Capital Management Inc. Purchases New Stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Everence Capital Management Inc. acquired a new position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) in the 4th quarter, Holdings Channel.com reports. The firm acquired 5,110 shares of the company’s stock, valued at approximately $203,000.

Other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its stake in shares of Acadia Healthcare by 3.5% in the second quarter. Commonwealth Equity Services LLC now owns 7,595 shares of the company’s stock valued at $513,000 after purchasing an additional 257 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Acadia Healthcare by 2.9% during the 2nd quarter. Victory Capital Management Inc. now owns 268,264 shares of the company’s stock worth $18,119,000 after acquiring an additional 7,467 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Acadia Healthcare by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 25,874 shares of the company’s stock worth $1,748,000 after acquiring an additional 531 shares during the period. Texas Permanent School Fund Corp increased its stake 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 valued at $6,067,000 after purchasing an additional 9,115 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Acadia Healthcare by 5.7% during the second quarter. American Century Companies Inc. now owns 429,713 shares of the company’s stock worth $29,023,000 after purchasing an additional 23,033 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have weighed in on ACHC. Cantor Fitzgerald reissued a “neutral” rating and issued a $52.00 target price on shares of Acadia Healthcare in a report on Tuesday, December 10th. KeyCorp upgraded shares of Acadia Healthcare from a “sector weight” rating to an “overweight” rating and set a $70.00 target price for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft upgraded shares of Acadia Healthcare from a “hold” rating to a “buy” rating and lifted their target price for the stock from $45.00 to $75.00 in a research report on Thursday, December 12th. StockNews.com cut shares of Acadia Healthcare from a “hold” rating to a “sell” rating in a research note on Monday. Finally, TD Cowen reduced their target price on Acadia Healthcare from $70.00 to $66.00 and set a “buy” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $70.22.

Acadia Healthcare Stock Performance

Acadia Healthcare stock opened at $45.12 on Thursday. The stock has a fifty day moving average price of $40.43 and a 200 day moving average price of $58.28. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.60. Acadia Healthcare Company, Inc. has a 52 week low of $36.50 and a 52 week high of $87.77. The firm has a market capitalization of $4.19 billion, a P/E ratio of 14.79, a PEG ratio of 1.77 and a beta of 1.29.

Acadia Healthcare (NASDAQ:ACHC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $819.42 million. During the same quarter in the prior year, the company posted $0.91 EPS. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. Equities research analysts anticipate that Acadia Healthcare Company, Inc. will post 3.38 earnings per share for the current year.

Acadia Healthcare Company Profile

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.