Acadia Healthcare (NASDAQ:ACHC) Trading 12.9% Higher – Here’s Why

Acadia Healthcare Company, Inc. (NASDAQ:ACHC)’s share price rose 12.9% during trading on Wednesday . The company traded as high as $15.60 and last traded at $15.4210. Approximately 4,484,262 shares were traded during trading, an increase of 27% from the average daily volume of 3,539,394 shares. The stock had previously closed at $13.66.

Wall Street Analyst Weigh In

Several research firms have issued reports on ACHC. Leerink Partners cut shares of Acadia Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Acadia Healthcare from $33.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, December 3rd. KeyCorp dropped their target price on Acadia Healthcare from $30.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Bank of America lowered Acadia Healthcare from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $21.50 to $13.00 in a research note on Wednesday, December 3rd. Finally, Jefferies Financial Group downgraded shares of Acadia Healthcare to a “hold” rating in a research note on Thursday, January 22nd. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $18.62.

Acadia Healthcare Trading Up 13.7%

The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 1.44. The business’s 50-day simple moving average is $13.90 and its two-hundred day simple moving average is $18.80. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 3.84 and a beta of 0.89.

Hedge Funds Weigh In On Acadia Healthcare

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP grew its position in Acadia Healthcare by 676.4% in the second quarter. Allworth Financial LP now owns 1,351 shares of the company’s stock valued at $31,000 after acquiring an additional 1,177 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Acadia Healthcare by 54.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,404 shares of the company’s stock valued at $32,000 after purchasing an additional 497 shares during the period. Bayforest Capital Ltd acquired a new stake in Acadia Healthcare during the 4th quarter valued at $52,000. Hantz Financial Services Inc. increased its stake in Acadia Healthcare by 501.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock worth $54,000 after buying an additional 1,822 shares during the period. Finally, CWM LLC lifted its holdings in Acadia Healthcare by 105.1% in the 2nd quarter. CWM LLC now owns 2,633 shares of the company’s stock worth $60,000 after buying an additional 1,349 shares in the last quarter.

About Acadia Healthcare

Acadia Healthcare Company, Inc (NASDAQ: ACHC) is a publicly traded provider of behavioral healthcare services headquartered in Franklin, Tennessee. Founded in 2005, the company has grown through organic expansion and strategic acquisitions to establish itself as a leading specialist in mental health and addiction treatment across the United States.

Acadia operates a diversified network of inpatient psychiatric hospitals, residential treatment centers, outpatient clinics and intensive outpatient programs.