Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Holdings Raised by M&T Bank Corp

M&T Bank Corp grew its holdings in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 9.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,352 shares of the company’s stock after purchasing an additional 1,327 shares during the quarter. M&T Bank Corp’s holdings in Acadia Healthcare were worth $609,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of ACHC. Wellington Management Group LLP raised its holdings in shares of Acadia Healthcare by 12.2% during the 3rd quarter. Wellington Management Group LLP now owns 11,658,253 shares of the company’s stock valued at $739,250,000 after purchasing an additional 1,266,384 shares in the last quarter. Holocene Advisors LP raised its holdings in shares of Acadia Healthcare by 201.5% during the 3rd quarter. Holocene Advisors LP now owns 972,513 shares of the company’s stock valued at $61,667,000 after purchasing an additional 649,997 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Acadia Healthcare by 17.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,126,607 shares of the company’s stock valued at $198,258,000 after purchasing an additional 454,044 shares in the last quarter. Beach Point Capital Management LP bought a new position in shares of Acadia Healthcare during the 4th quarter valued at $14,097,000. Finally, Bank of Montreal Can raised its holdings in shares of Acadia Healthcare by 2,456.1% during the 3rd quarter. Bank of Montreal Can now owns 324,569 shares of the company’s stock valued at $20,539,000 after purchasing an additional 311,871 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently commented on ACHC shares. 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 report on Thursday, December 12th. KeyCorp dropped their target price on shares of Acadia Healthcare from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. TD Cowen dropped their target price on shares of Acadia Healthcare from $70.00 to $66.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Royal Bank of Canada dropped their target price on shares of Acadia Healthcare from $64.00 to $43.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. Finally, Barclays downgraded shares of Acadia Healthcare from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $43.00 to $35.00 in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $56.31.

Acadia Healthcare Stock Down 1.0 %

Acadia Healthcare stock opened at $28.82 on Thursday. The stock has a market capitalization of $2.68 billion, a PE ratio of 9.45, a price-to-earnings-growth ratio of 1.46 and a beta of 1.38. Acadia Healthcare Company, Inc. has a twelve month low of $27.61 and a twelve month high of $82.40. 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 company has a 50 day moving average of $40.72 and a 200-day moving average of $49.22.

Acadia Healthcare 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.