Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Position Cut by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its holdings in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,119 shares of the company’s stock after selling 1,825 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of Acadia Healthcare worth $3,588,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ACHC. Vanguard Group Inc. lifted its holdings in Acadia Healthcare by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 8,861,427 shares of the company’s stock worth $689,065,000 after purchasing an additional 30,296 shares during the period. William Blair Investment Management LLC lifted its stake in shares of Acadia Healthcare by 20.7% in the 2nd quarter. William Blair Investment Management LLC now owns 3,515,464 shares of the company’s stock worth $237,434,000 after acquiring an additional 604,070 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Acadia Healthcare by 6.6% during the second quarter. Bank of New York Mellon Corp now owns 1,249,369 shares of the company’s stock valued at $84,382,000 after acquiring an additional 77,509 shares during the period. Avidity Partners Management LP increased its stake in shares of Acadia Healthcare by 61.8% during the fourth quarter. Avidity Partners Management LP now owns 1,156,692 shares of the company’s stock valued at $89,944,000 after acquiring an additional 441,692 shares during the period. Finally, Iron Triangle Partners LP raised its holdings in Acadia Healthcare by 14.0% during the first quarter. Iron Triangle Partners LP now owns 902,813 shares of the company’s stock worth $71,521,000 after purchasing an additional 110,820 shares in the last quarter.

Analysts Set New Price Targets

ACHC has been the topic of several research analyst reports. Cantor Fitzgerald reiterated a “neutral” rating and set a $90.00 price target on shares of Acadia Healthcare in a research report on Monday, August 19th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Acadia Healthcare from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Barclays reduced their price objective on shares of Acadia Healthcare from $89.00 to $83.00 and set an “overweight” rating for the company in a research report on Thursday, August 1st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $94.00 target price on shares of Acadia Healthcare in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.44.

Acadia Healthcare Stock Performance

Acadia Healthcare stock opened at $76.40 on Monday. Acadia Healthcare Company, Inc. has a fifty-two week low of $62.04 and a fifty-two week high of $87.77. The firm’s 50 day simple moving average is $73.53 and its 200-day simple moving average is $71.88. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market cap of $7.09 billion, a P/E ratio of -545.71, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30.

Acadia Healthcare (NASDAQ:ACHC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. The firm had revenue of $796.00 million for the quarter, compared to analysts’ expectations of $784.38 million. Acadia Healthcare had a negative net margin of 0.17% and a positive return on equity of 11.42%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 EPS. As a group, equities research analysts predict that Acadia Healthcare Company, Inc. will post 3.51 EPS for the current year.

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.