New York State Teachers Retirement System Trims Position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

New York State Teachers Retirement System cut its holdings in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 2.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 69,998 shares of the company’s stock after selling 1,546 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Acadia Healthcare worth $2,775,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ACHC. Wellington Management Group LLP raised its position in Acadia Healthcare by 12.2% during the 3rd quarter. Wellington Management Group LLP now owns 11,658,253 shares of the company’s stock worth $739,250,000 after buying an additional 1,266,384 shares during the last quarter. Holocene Advisors LP grew its stake in shares of Acadia Healthcare by 201.5% during the 3rd 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 during the period. JPMorgan Chase & Co. grew its stake in shares of Acadia Healthcare by 17.0% during the 3rd 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 during the period. Beach Point Capital Management LP acquired a new stake in shares of Acadia Healthcare during the 4th quarter worth approximately $14,097,000. Finally, Bank of Montreal Can grew its stake in shares of Acadia Healthcare by 2,456.1% during the 3rd 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 during the period.

Acadia Healthcare Price Performance

Acadia Healthcare stock opened at $39.65 on Friday. The company’s fifty day moving average price is $42.13 and its 200 day moving average price is $53.05. Acadia Healthcare Company, Inc. has a 1 year low of $36.50 and a 1 year high of $87.77. The stock has a market capitalization of $3.68 billion, a P/E ratio of 13.00, a P/E/G ratio of 1.51 and a beta of 1.30. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.07 and a current ratio of 1.07.

Wall Street Analysts Forecast Growth

ACHC has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $64.00 price objective on shares of Acadia Healthcare in a research note on Friday, January 10th. KeyCorp raised shares of Acadia Healthcare from a “sector weight” rating to an “overweight” rating and set a $70.00 price objective on the stock in a research note on Tuesday, January 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $52.00 price objective on shares of Acadia Healthcare in a research note on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft raised shares of Acadia Healthcare from a “hold” rating to a “buy” rating and raised their price objective for the stock from $45.00 to $75.00 in a research note on Thursday, December 12th. Finally, Barclays dropped their price objective on shares of Acadia Healthcare from $76.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $70.22.

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.