Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 3.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,595 shares of the company’s stock after acquiring an additional 257 shares during the period. Commonwealth Equity Services LLC’s holdings in Acadia Healthcare were worth $513,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in Acadia Healthcare by 86.1% during the second quarter. Blue Trust Inc. now owns 536 shares of the company’s stock worth $36,000 after purchasing an additional 248 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Acadia Healthcare in the first quarter valued at about $48,000. Innealta Capital LLC acquired a new position in Acadia Healthcare in the second quarter worth about $164,000. Capstone Investment Advisors LLC acquired a new stake in shares of Acadia Healthcare in the fourth quarter valued at approximately $204,000. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of Acadia Healthcare in the second quarter valued at approximately $206,000.

Analyst Ratings Changes

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

Acadia Healthcare Price Performance

ACHC opened at $76.40 on Friday. The firm has a 50-day moving average price of $73.34 and a 200-day moving average price of $72.12. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.60. Acadia Healthcare Company, Inc. has a twelve month low of $62.04 and a twelve month high of $87.77. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of -545.71, a PEG ratio of 2.22 and a beta of 1.30.

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