Raymond James Financial Inc. Purchases New Stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Raymond James Financial Inc. purchased a new position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 129,486 shares of the company’s stock, valued at approximately $5,134,000. Raymond James Financial Inc. owned about 0.14% of Acadia Healthcare as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in Acadia Healthcare by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,127,061 shares of the company’s stock valued at $71,467,000 after purchasing an additional 29,936 shares during the period. Cerity Partners LLC increased its stake in shares of Acadia Healthcare by 43.7% during the third quarter. Cerity Partners LLC now owns 32,922 shares of the company’s stock valued at $2,088,000 after buying an additional 10,019 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Acadia Healthcare during the third quarter valued at approximately $458,000. Bank of Montreal Can lifted its stake in Acadia Healthcare by 2,456.1% in the third quarter. Bank of Montreal Can now owns 324,569 shares of the company’s stock worth $20,539,000 after acquiring an additional 311,871 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Acadia Healthcare by 1,601.3% in the third quarter. BNP Paribas Financial Markets now owns 281,220 shares of the company’s stock valued at $17,832,000 after acquiring an additional 264,690 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Acadia Healthcare from a “hold” rating to a “buy” rating and raised their target price for the stock from $45.00 to $75.00 in a research report on Thursday, December 12th. KeyCorp cut their price objective on Acadia Healthcare from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. TD Cowen decreased their target price on Acadia Healthcare from $70.00 to $66.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Mizuho dropped their price target on Acadia Healthcare from $48.00 to $37.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Barclays downgraded Acadia Healthcare from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $43.00 to $35.00 in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $52.19.

Acadia Healthcare Trading Down 0.4 %

NASDAQ ACHC opened at $28.81 on Wednesday. Acadia Healthcare Company, Inc. has a 12 month low of $27.61 and a 12 month high of $82.41. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.60. The stock’s fifty day moving average price is $37.92 and its 200-day moving average price is $45.82. The stock has a market cap of $2.68 billion, a P/E ratio of 9.45, a P/E/G ratio of 1.46 and a beta of 1.38.

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.