Dimensional Fund Advisors LP Sells 117,928 Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Dimensional Fund Advisors LP lessened its stake in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 3.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,052,601 shares of the company’s stock after selling 117,928 shares during the quarter. Dimensional Fund Advisors LP owned 3.29% of Acadia Healthcare worth $206,176,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rhenman & Partners Asset Management AB bought a new position in shares of Acadia Healthcare during the 4th quarter worth approximately $1,448,000. Harbor Capital Advisors Inc. bought a new position in shares of Acadia Healthcare during the 2nd quarter worth approximately $800,000. TCW Group Inc. increased its holdings in Acadia Healthcare by 63.8% during the 2nd quarter. TCW Group Inc. now owns 62,888 shares of the company’s stock valued at $4,247,000 after purchasing an additional 24,487 shares in the last quarter. Axiom Investors LLC DE increased its holdings in Acadia Healthcare by 349.0% during the 4th quarter. Axiom Investors LLC DE now owns 68,380 shares of the company’s stock valued at $5,317,000 after purchasing an additional 53,150 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Acadia Healthcare by 435.6% during the 2nd quarter. SG Americas Securities LLC now owns 18,227 shares of the company’s stock valued at $1,231,000 after purchasing an additional 14,824 shares in the last quarter.

Acadia Healthcare Stock Down 0.6 %

NASDAQ ACHC opened at $77.44 on Friday. The stock has a fifty day moving average of $73.14 and a 200-day moving average of $72.08. The stock has a market capitalization of $7.18 billion, a P/E ratio of -553.14, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. Acadia Healthcare Company, Inc. has a 52 week low of $62.04 and a 52 week high of $87.77. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.18 and a current ratio of 1.18.

Acadia Healthcare (NASDAQ:ACHC) last released its earnings results on Wednesday, July 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. The company had revenue of $796.00 million during the quarter, compared to analysts’ expectations of $784.38 million. Acadia Healthcare had a positive return on equity of 11.42% and a negative net margin of 0.17%. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the firm earned $0.92 EPS. On average, equities research analysts forecast that Acadia Healthcare Company, Inc. will post 3.51 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $90.00 price target on shares of Acadia Healthcare in a report on Monday, August 19th. Deutsche Bank Aktiengesellschaft raised their price target on Acadia Healthcare from $70.00 to $75.00 and gave the company a “hold” rating in a report on Friday, August 2nd. 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 report on Thursday, August 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.44.

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.