Charles Schwab Investment Management Inc. Acquires 107,162 Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 9.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,234,223 shares of the company’s stock after acquiring an additional 107,162 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.33% of Acadia Healthcare worth $48,937,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in shares of Acadia Healthcare by 69.4% in the 4th quarter. Blue Trust Inc. now owns 842 shares of the company’s stock valued at $33,000 after purchasing an additional 345 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Acadia Healthcare by 40.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,040 shares of the company’s stock valued at $41,000 after purchasing an additional 301 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Acadia Healthcare by 56.0% in the 4th quarter. Fifth Third Bancorp now owns 1,264 shares of the company’s stock valued at $50,000 after purchasing an additional 454 shares during the last quarter. Covestor Ltd boosted its stake in Acadia Healthcare by 834.4% during the third quarter. Covestor Ltd now owns 1,140 shares of the company’s stock worth $72,000 after acquiring an additional 1,018 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in Acadia Healthcare by 66.1% during the third quarter. Assetmark Inc. now owns 1,485 shares of the company’s stock worth $94,000 after acquiring an additional 591 shares in the last quarter.

Acadia Healthcare Stock Performance

Shares of ACHC stock opened at $28.17 on Friday. The firm has a 50-day moving average of $40.72 and a 200-day moving average of $49.22. The company has a market cap of $2.62 billion, a P/E ratio of 9.24, a P/E/G ratio of 1.46 and a beta of 1.38. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 1.07. Acadia Healthcare Company, Inc. has a one year low of $27.61 and a one year high of $82.40.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ACHC. Cantor Fitzgerald reissued a “neutral” rating and set a $52.00 target price on shares of Acadia Healthcare in a research note on Tuesday, December 10th. Bank of America cut their target price on shares of Acadia Healthcare from $50.00 to $44.50 and set a “buy” rating on the stock in a research note on Friday, February 28th. Barclays downgraded shares of Acadia Healthcare from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $43.00 to $35.00 in a report on Friday, February 28th. StockNews.com downgraded shares of Acadia Healthcare from a “hold” rating to a “sell” rating in a report on Monday, January 6th. Finally, KeyCorp lowered their price objective on shares of Acadia Healthcare from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Acadia Healthcare currently has an average rating of “Hold” and an average target price of $56.31.

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.