PNC Financial Services Group Inc. Has $801,000 Stock Position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

PNC Financial Services Group Inc. trimmed its position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,299 shares of the company’s stock after selling 896 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Acadia Healthcare were worth $801,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Avidity Partners Management LP increased its position in Acadia Healthcare by 61.8% during the fourth quarter. Avidity Partners Management LP now owns 1,156,692 shares of the company’s stock worth $89,944,000 after acquiring an additional 441,692 shares during the period. Sea Cliff Partners Management LP bought a new stake in shares of Acadia Healthcare in the 4th quarter worth about $26,338,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Acadia Healthcare in the 4th quarter worth about $24,157,000. Jennison Associates LLC grew its holdings in shares of Acadia Healthcare by 26.1% in the 4th quarter. Jennison Associates LLC now owns 1,148,755 shares of the company’s stock worth $89,327,000 after purchasing an additional 238,114 shares during the last quarter. Finally, Kingdon Capital Management L.L.C. bought a new stake in shares of Acadia Healthcare in the 3rd quarter worth about $12,058,000.

Analysts Set New Price Targets

ACHC has been the topic of several analyst reports. Mizuho lowered their target price on shares of Acadia Healthcare from $84.00 to $70.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Bank of America reduced their price target on shares of Acadia Healthcare from $105.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $94.00 price target on shares of Acadia Healthcare in a research report on Wednesday, May 22nd. Deutsche Bank Aktiengesellschaft upgraded shares of Acadia Healthcare from a “sell” rating to a “hold” rating and set a $70.00 price target on the stock in a research report on Thursday, April 25th. Finally, Barclays reduced their price target on shares of Acadia Healthcare from $91.00 to $89.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $87.56.

Acadia Healthcare Stock Performance

Acadia Healthcare stock opened at $68.80 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.63. Acadia Healthcare Company, Inc. has a 1 year low of $62.04 and a 1 year high of $87.77. The company has a market cap of $6.38 billion, a PE ratio of -491.39, a PEG ratio of 2.03 and a beta of 1.32. The company’s 50-day moving average is $68.67 and its two-hundred day moving average is $76.09.

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 analysts’ consensus estimates of $0.80 by $0.04. The business had revenue of $768.10 million for the quarter, compared to the consensus estimate of $779.20 million. Acadia Healthcare had a negative net margin of 0.38% and a positive return on equity of 11.49%. Acadia Healthcare’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the company posted $0.75 EPS. Equities analysts anticipate 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.