Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its holdings in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 93.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,314 shares of the company’s stock after selling 247,348 shares during the period. Victory Capital Management Inc.’s holdings in Acadia Healthcare were worth $686,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of ACHC. Wellington Management Group LLP grew its stake in shares of Acadia Healthcare by 12.2% in the third quarter. Wellington Management Group LLP now owns 11,658,253 shares of the company’s stock worth $739,250,000 after acquiring an additional 1,266,384 shares in the last quarter. Holocene Advisors LP grew its stake in shares of Acadia Healthcare by 201.5% during the third quarter. Holocene Advisors LP now owns 972,513 shares of the company’s stock worth $61,667,000 after purchasing an additional 649,997 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Acadia Healthcare by 17.0% during the third quarter. JPMorgan Chase & Co. now owns 3,126,607 shares of the company’s stock worth $198,258,000 after purchasing an additional 454,044 shares in the last quarter. Beach Point Capital Management LP acquired a new position in shares of Acadia Healthcare during the fourth quarter worth $14,097,000. Finally, Bank of Montreal Can grew its stake in shares of Acadia Healthcare by 2,456.1% during the third quarter. Bank of Montreal Can now owns 324,569 shares of the company’s stock worth $20,539,000 after purchasing an additional 311,871 shares in the last quarter.

Acadia Healthcare Price Performance

Shares of ACHC opened at $28.69 on Friday. The firm has a fifty day moving average price of $38.56 and a 200 day moving average price of $46.95. Acadia Healthcare Company, Inc. has a 1-year low of $27.61 and a 1-year high of $82.41. 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 $2.67 billion, a PE ratio of 9.41, a price-to-earnings-growth ratio of 1.46 and a beta of 1.38.

Analysts Set New Price Targets

A number of brokerages recently commented on ACHC. KeyCorp lowered their target price on shares of Acadia Healthcare from $70.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. TD Cowen lowered their target price on shares of Acadia Healthcare from $70.00 to $66.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada lowered their target price on shares of Acadia Healthcare from $64.00 to $43.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. StockNews.com downgraded shares of Acadia Healthcare from a “hold” rating to a “sell” rating in a research note on Monday, January 6th. Finally, Barclays cut shares of Acadia Healthcare from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $43.00 to $35.00 in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $56.31.

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.