American Century Companies Inc. Increases Stock Position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

American Century Companies Inc. grew its position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 5.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 429,713 shares of the company’s stock after acquiring an additional 23,033 shares during the period. American Century Companies Inc. owned about 0.46% of Acadia Healthcare worth $29,023,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Blue Trust Inc. raised its holdings in Acadia Healthcare by 86.1% in the 2nd quarter. Blue Trust Inc. now owns 536 shares of the company’s stock worth $36,000 after purchasing an additional 248 shares during the period. Mather Group LLC. acquired a new position in shares of Acadia Healthcare during the 1st quarter worth approximately $48,000. nVerses Capital LLC purchased a new position in shares of Acadia Healthcare during the 2nd quarter valued at approximately $95,000. Innealta Capital LLC acquired a new stake in Acadia Healthcare in the 2nd quarter valued at $164,000. Finally, Capstone Investment Advisors LLC purchased a new stake in Acadia Healthcare in the 4th quarter worth $204,000.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ACHC. Cantor Fitzgerald reiterated a “neutral” rating and issued a $90.00 target price on shares of Acadia Healthcare in a research report on Monday, August 19th. Deutsche Bank Aktiengesellschaft boosted their price objective on Acadia Healthcare from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $94.00 target price on shares of Acadia Healthcare in a research report on Wednesday, May 22nd. Finally, Barclays dropped their price target on Acadia Healthcare from $89.00 to $83.00 and set an “overweight” rating for the company in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Acadia Healthcare presently has an average rating of “Moderate Buy” and a consensus price target of $87.44.

Acadia Healthcare Stock Up 0.2 %

Shares of NASDAQ:ACHC opened at $77.94 on Thursday. The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of -555.50, a PEG ratio of 2.22 and a beta of 1.30. Acadia Healthcare Company, Inc. has a 12-month low of $62.04 and a 12-month high of $87.77. The business has a 50-day moving average price of $72.86 and a 200 day moving average price of $72.04. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.60.

Acadia Healthcare (NASDAQ:ACHC) last announced its earnings results on Wednesday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Acadia Healthcare had a positive return on equity of 11.42% and a negative net margin of 0.17%. The company had revenue of $796.00 million for the quarter, compared to analyst estimates of $784.38 million. During the same quarter in the previous year, the company earned $0.92 earnings per share. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. Sell-side analysts expect that Acadia Healthcare Company, Inc. will post 3.51 EPS for the current year.

Acadia Healthcare 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.