Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Shares Bought by Cerity Partners LLC

Cerity Partners LLC grew its holdings in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 43.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,922 shares of the company’s stock after purchasing an additional 10,019 shares during the period. Cerity Partners LLC’s holdings in Acadia Healthcare were worth $2,088,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its stake in Acadia Healthcare by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,127,061 shares of the company’s stock valued at $71,467,000 after buying an additional 29,936 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of Acadia Healthcare during the third quarter valued at about $1,028,000. Phocas Financial Corp. raised its position in shares of Acadia Healthcare by 36.0% in the 3rd quarter. Phocas Financial Corp. now owns 72,225 shares of the company’s stock valued at $4,580,000 after purchasing an additional 19,123 shares during the last quarter. LMR Partners LLP acquired a new stake in Acadia Healthcare in the 3rd quarter worth approximately $1,616,000. Finally, Vaughan Nelson Investment Management L.P. grew its position in Acadia Healthcare by 4.8% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 768,940 shares of the company’s stock worth $48,758,000 after purchasing an additional 35,435 shares during the last quarter.

Acadia Healthcare Stock Performance

Shares of ACHC stock opened at $40.63 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.60. Acadia Healthcare Company, Inc. has a 12-month low of $36.50 and a 12-month high of $87.77. The business’s 50 day moving average is $50.46 and its two-hundred day moving average is $63.52. The company has a market capitalization of $3.77 billion, a P/E ratio of 13.32, a P/E/G ratio of 1.80 and a beta of 1.33.

Acadia Healthcare (NASDAQ:ACHC) last announced its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. The firm had revenue of $815.60 million for the quarter, compared to analyst estimates of $819.42 million. Acadia Healthcare had a return on equity of 11.12% and a net margin of 8.99%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 EPS. Analysts expect that Acadia Healthcare Company, Inc. will post 3.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ACHC. StockNews.com downgraded shares of Acadia Healthcare from a “hold” rating to a “sell” rating in a research note on Friday, November 22nd. KeyCorp initiated coverage on Acadia Healthcare in a research report on Friday, October 11th. They set a “sector weight” rating for the company. Cantor Fitzgerald reissued a “neutral” rating and issued a $90.00 price objective on shares of Acadia Healthcare in a report on Tuesday, October 1st. Barclays decreased their target price on Acadia Healthcare from $76.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Finally, Royal Bank of Canada cut their price target on shares of Acadia Healthcare from $94.00 to $64.00 and set an “outperform” rating on the stock in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $79.67.

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.