Acadia Healthcare (NASDAQ:ACHC) Raised to Hold at StockNews.com

Acadia Healthcare (NASDAQ:ACHC) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Other equities research analysts also recently issued reports about the company. Cantor Fitzgerald reissued a “neutral” rating and issued a $90.00 target price on shares of Acadia Healthcare in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Acadia Healthcare from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Barclays cut their price target on shares of Acadia Healthcare from $83.00 to $76.00 and set an “overweight” rating on the stock in a report on Monday, September 30th. Royal Bank of Canada restated an “outperform” rating and issued a $94.00 price target on shares of Acadia Healthcare in a research note on Friday, September 20th. Finally, KeyCorp assumed coverage on Acadia Healthcare in a research report on Friday, October 11th. They issued a “sector weight” rating for the company. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Acadia Healthcare presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.67.

Acadia Healthcare Stock Performance

Acadia Healthcare stock opened at $37.82 on Thursday. Acadia Healthcare has a twelve month low of $37.78 and a twelve month high of $87.77. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.60. The firm has a fifty day simple moving average of $58.05 and a two-hundred day simple moving average of $65.66. The company has a market capitalization of $3.51 billion, a PE ratio of 12.40, a P/E/G ratio of 1.76 and a beta of 1.33.

Acadia Healthcare (NASDAQ:ACHC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.90 by $0.01. Acadia Healthcare had a net margin of 8.99% and a return on equity of 11.12%. The firm had revenue of $815.60 million during the quarter, compared to the consensus estimate of $819.42 million. During the same period in the prior year, the firm posted $0.91 earnings per share. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. Research analysts expect that Acadia Healthcare will post 3.38 EPS for the current year.

Institutional Investors Weigh In On Acadia Healthcare

A number of hedge funds have recently added to or reduced their stakes in ACHC. Russell Investments Group Ltd. grew its position in Acadia Healthcare by 9.7% during the first quarter. Russell Investments Group Ltd. now owns 9,876 shares of the company’s stock worth $782,000 after buying an additional 875 shares during the period. State Board of Administration of Florida Retirement System boosted its position in Acadia Healthcare by 3.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 88,459 shares of the company’s stock worth $6,391,000 after purchasing an additional 3,263 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in Acadia Healthcare in the first quarter valued at $1,259,000. Clearbridge Investments LLC raised its stake in shares of Acadia Healthcare by 2.3% during the 1st quarter. Clearbridge Investments LLC now owns 202,550 shares of the company’s stock worth $16,046,000 after buying an additional 4,492 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of Acadia Healthcare by 14.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 58,505 shares of the company’s stock worth $4,637,000 after buying an additional 7,491 shares in the last quarter.

About Acadia Healthcare

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.