Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Short Interest Up 27.3% in March

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 6,520,000 shares, a growth of 27.3% from the February 28th total of 5,120,000 shares. Approximately 7.2% of the company’s stock are short sold. Based on an average daily trading volume, of 1,880,000 shares, the days-to-cover ratio is presently 3.5 days.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $52.00 price objective on shares of Acadia Healthcare in a report on Tuesday, December 10th. Bank of America decreased their price objective on shares of Acadia Healthcare from $50.00 to $44.50 and set a “buy” rating for the company in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft upgraded Acadia Healthcare from a “hold” rating to a “buy” rating and boosted their target price for the stock from $45.00 to $75.00 in a research note on Thursday, December 12th. KeyCorp decreased their price target on Acadia Healthcare from $70.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Finally, Royal Bank of Canada cut their price objective on Acadia Healthcare from $64.00 to $43.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $52.19.

Acadia Healthcare Price Performance

Shares of NASDAQ ACHC opened at $29.21 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.60. The stock has a fifty day simple moving average of $36.28 and a two-hundred day simple moving average of $44.06. Acadia Healthcare has a 1-year low of $27.61 and a 1-year high of $82.41. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 9.58, a price-to-earnings-growth ratio of 1.46 and a beta of 1.38.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Lindbrook Capital LLC lifted its holdings in Acadia Healthcare by 1,342.0% during the fourth quarter. Lindbrook Capital LLC now owns 721 shares of the company’s stock valued at $29,000 after purchasing an additional 671 shares during the last quarter. Blue Trust Inc. boosted its holdings in Acadia Healthcare by 69.4% in the 4th quarter. Blue Trust Inc. now owns 842 shares of the company’s stock worth $33,000 after buying an additional 345 shares during the period. Nisa Investment Advisors LLC grew its stake in Acadia Healthcare by 40.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,040 shares of the company’s stock valued at $41,000 after buying an additional 301 shares in the last quarter. Signaturefd LLC raised its holdings in Acadia Healthcare by 460.6% during the 4th quarter. Signaturefd LLC now owns 1,222 shares of the company’s stock valued at $48,000 after acquiring an additional 1,004 shares during the period. Finally, Fifth Third Bancorp lifted its position in shares of Acadia Healthcare by 56.0% during the fourth quarter. Fifth Third Bancorp now owns 1,264 shares of the company’s stock worth $50,000 after acquiring an additional 454 shares in the last quarter.

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.