Federated Hermes Inc. Reduces Holdings in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Federated Hermes Inc. lowered its position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 21.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,699 shares of the company’s stock after selling 2,121 shares during the quarter. Federated Hermes Inc.’s holdings in Acadia Healthcare were worth $520,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Rhenman & Partners Asset Management AB bought a new stake in Acadia Healthcare in the fourth quarter worth about $1,448,000. Harbor Capital Advisors Inc. bought a new position in Acadia Healthcare in the 2nd quarter valued at $800,000. TCW Group Inc. increased its stake in Acadia Healthcare by 63.8% in the second quarter. TCW Group Inc. now owns 62,888 shares of the company’s stock worth $4,247,000 after purchasing an additional 24,487 shares during the period. Axiom Investors LLC DE lifted its position in shares of Acadia Healthcare by 349.0% during the fourth quarter. Axiom Investors LLC DE now owns 68,380 shares of the company’s stock worth $5,317,000 after purchasing an additional 53,150 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Acadia Healthcare by 435.6% during the second quarter. SG Americas Securities LLC now owns 18,227 shares of the company’s stock valued at $1,231,000 after purchasing an additional 14,824 shares during the period.

Acadia Healthcare Stock Performance

ACHC stock opened at $76.18 on Tuesday. Acadia Healthcare Company, Inc. has a one year low of $62.04 and a one year high of $87.77. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of -544.14, a PEG ratio of 2.22 and a beta of 1.30. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a 50-day simple moving average of $73.75 and a two-hundred day simple moving average of $71.83.

Acadia Healthcare (NASDAQ:ACHC) last announced its earnings results on Wednesday, July 31st. The company reported $0.91 earnings per share 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 company had revenue of $796.00 million during the quarter, compared to the consensus estimate of $784.38 million. During the same period last year, the firm earned $0.92 earnings per share. Acadia Healthcare’s revenue was up 8.8% compared to the same quarter last year. On average, equities analysts forecast that Acadia Healthcare Company, Inc. will post 3.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.