Teachers Retirement System of The State of Kentucky Decreases Stock Holdings in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Teachers Retirement System of The State of Kentucky lessened its position in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,703 shares of the company’s stock after selling 1,500 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Acadia Healthcare were worth $2,310,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. purchased a new position in Acadia Healthcare in the fourth quarter worth $24,157,000. Louisiana State Employees Retirement System purchased a new position in Acadia Healthcare in the fourth quarter worth $2,014,000. Rhenman & Partners Asset Management AB purchased a new position in Acadia Healthcare in the fourth quarter worth $1,448,000. Phocas Financial Corp. purchased a new position in Acadia Healthcare in the fourth quarter worth $6,887,000. Finally, Sivik Global Healthcare LLC grew its holdings in Acadia Healthcare by 20.0% in the fourth quarter. Sivik Global Healthcare LLC now owns 90,000 shares of the company’s stock worth $6,998,000 after purchasing an additional 15,000 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. StockNews.com downgraded shares of Acadia Healthcare from a “hold” rating to a “sell” rating in a research note on Tuesday, May 21st. Barclays cut their price objective on Acadia Healthcare from $91.00 to $89.00 and set an “overweight” rating on the stock in a report on Wednesday, May 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $94.00 target price on shares of Acadia Healthcare in a research report on Wednesday, May 22nd. Cantor Fitzgerald reissued a “neutral” rating and set a $90.00 price target on shares of Acadia Healthcare in a research report on Tuesday, March 5th. Finally, TheStreet raised shares of Acadia Healthcare from a “c” rating to a “b-” rating in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $87.56.

Acadia Healthcare Stock Down 1.0 %

ACHC opened at $67.60 on Friday. The company has a fifty day moving average of $68.85 and a two-hundred day moving average of $76.11. The stock has a market capitalization of $6.27 billion, a price-to-earnings ratio of -482.86, a PEG ratio of 2.05 and a beta of 1.32. Acadia Healthcare Company, Inc. has a fifty-two week low of $62.04 and a fifty-two week high of $87.77. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.27 and a current ratio of 1.27.

Acadia Healthcare (NASDAQ:ACHC) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.04. Acadia Healthcare had a positive return on equity of 11.49% and a negative net margin of 0.38%. The firm had revenue of $768.10 million during the quarter, compared to analyst estimates of $779.20 million. During the same quarter in the previous year, the business earned $0.75 EPS. Acadia Healthcare’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, research analysts expect that Acadia Healthcare Company, Inc. will post 3.52 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.