Illinois Municipal Retirement Fund cut its stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC – Free Report) by 26.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,152 shares of the company’s stock after selling 16,607 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Acadia Healthcare were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Aberdeen Group plc grew its stake in Acadia Healthcare by 72.3% in the fourth quarter. Aberdeen Group plc now owns 743,925 shares of the company’s stock valued at $10,556,000 after purchasing an additional 312,172 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Acadia Healthcare during the 1st quarter worth about $957,000. SG Americas Securities LLC lifted its holdings in shares of Acadia Healthcare by 717.8% during the 4th quarter. SG Americas Securities LLC now owns 292,425 shares of the company’s stock valued at $4,150,000 after buying an additional 256,669 shares during the last quarter. Prescott Group Capital Management L.L.C. bought a new stake in shares of Acadia Healthcare in the 4th quarter valued at approximately $2,838,000. Finally, FourThought Financial Partners LLC bought a new stake in shares of Acadia Healthcare in the 4th quarter valued at approximately $325,000.
Acadia Healthcare Stock Down 2.3%
Shares of ACHC stock opened at $34.78 on Thursday. The stock’s 50 day simple moving average is $27.32 and its 200 day simple moving average is $22.96. Acadia Healthcare Company, Inc. has a twelve month low of $11.43 and a twelve month high of $35.83. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.71 and a current ratio of 1.71. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of -2.84, a PEG ratio of 11.88 and a beta of 0.64.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. TD Cowen raised their price objective on shares of Acadia Healthcare from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Guggenheim boosted their target price on shares of Acadia Healthcare from $26.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. UBS Group increased their price target on shares of Acadia Healthcare from $31.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Cantor Fitzgerald raised their price target on shares of Acadia Healthcare from $20.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Acadia Healthcare in a report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $28.69.
Get Our Latest Stock Report on ACHC
Acadia Healthcare Profile
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.
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