Rhumbline Advisers Boosts Stock Holdings in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Rhumbline Advisers lifted its stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 253,037 shares of the company’s stock after purchasing an additional 11,033 shares during the period. Rhumbline Advisers owned about 0.27% of Acadia Healthcare worth $10,033,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wellington Management Group LLP boosted its stake in shares of Acadia Healthcare by 12.2% in the 3rd quarter. Wellington Management Group LLP now owns 11,658,253 shares of the company’s stock valued at $739,250,000 after buying an additional 1,266,384 shares during the period. JPMorgan Chase & Co. lifted its stake in Acadia Healthcare by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 3,126,607 shares of the company’s stock worth $198,258,000 after acquiring an additional 454,044 shares during the last quarter. State Street Corp grew its holdings in Acadia Healthcare by 3.5% during the 3rd quarter. State Street Corp now owns 2,819,911 shares of the company’s stock worth $178,811,000 after acquiring an additional 95,613 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Acadia Healthcare by 0.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,282,810 shares of the company’s stock valued at $144,753,000 after purchasing an additional 12,470 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Acadia Healthcare by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,613,198 shares of the company’s stock valued at $102,320,000 after purchasing an additional 14,197 shares in the last quarter.

Acadia Healthcare Stock Up 2.6 %

Shares of NASDAQ:ACHC opened at $40.67 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $3.78 billion, a P/E ratio of 13.33, a P/E/G ratio of 1.50 and a beta of 1.30. Acadia Healthcare Company, Inc. has a 1-year low of $36.50 and a 1-year high of $87.77. The firm has a fifty day moving average price of $42.13 and a 200 day moving average price of $52.59.

Wall Street Analyst Weigh In

ACHC has been the topic of several recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $64.00 target price on shares of Acadia Healthcare in a report on Friday, January 10th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $52.00 price objective on shares of Acadia Healthcare in a report on Tuesday, December 10th. Barclays decreased their target price on Acadia Healthcare from $76.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. KeyCorp upgraded shares of Acadia Healthcare from a “sector weight” rating to an “overweight” rating and set a $70.00 price target on the stock in a research note on Tuesday, January 7th. Finally, TD Cowen cut their price objective on shares of Acadia Healthcare from $70.00 to $66.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $70.22.

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.