Inspire Investing LLC Acquires 747 Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Inspire Investing LLC lifted its holdings in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 16.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,226 shares of the company’s stock after buying an additional 747 shares during the period. Inspire Investing LLC’s holdings in Acadia Healthcare were worth $353,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Franklin Resources Inc. lifted its stake in shares of Acadia Healthcare by 30.2% in the 4th quarter. Franklin Resources Inc. now owns 16,632 shares of the company’s stock valued at $1,293,000 after purchasing an additional 3,856 shares during the last quarter. Hsbc Holdings PLC increased its position in Acadia Healthcare by 463.3% during the fourth quarter. Hsbc Holdings PLC now owns 53,797 shares of the company’s stock valued at $4,188,000 after acquiring an additional 44,247 shares during the last quarter. TD Asset Management Inc raised its stake in shares of Acadia Healthcare by 8.9% in the fourth quarter. TD Asset Management Inc now owns 605,200 shares of the company’s stock valued at $47,060,000 after acquiring an additional 49,600 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of Acadia Healthcare by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 39,776 shares of the company’s stock worth $3,093,000 after acquiring an additional 390 shares during the last quarter. Finally, TFO Wealth Partners LLC lifted its holdings in shares of Acadia Healthcare by 45,714.3% in the 4th quarter. TFO Wealth Partners LLC now owns 3,207 shares of the company’s stock worth $2,490,000 after acquiring an additional 3,200 shares during the last quarter.

Analyst Upgrades and Downgrades

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

Acadia Healthcare Stock Performance

Shares of Acadia Healthcare stock opened at $76.40 on Monday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.60. The stock’s fifty day moving average price is $73.53 and its 200-day moving average price is $71.88. The firm has a market cap of $7.09 billion, a P/E ratio of -545.71, a P/E/G ratio of 2.22 and a beta of 1.30. Acadia Healthcare Company, Inc. has a 12 month low of $62.04 and a 12 month high of $87.77.

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