First Citizens Bank & Trust Co. Invests $508,000 in Acadia Healthcare Company, Inc. $ACHC

First Citizens Bank & Trust Co. purchased a new position in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 22,390 shares of the company’s stock, valued at approximately $508,000.

Several other hedge funds have also recently added to or reduced their stakes in ACHC. Caitong International Asset Management Co. Ltd raised its holdings in Acadia Healthcare by 11,218.2% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,245 shares of the company’s stock valued at $38,000 after acquiring an additional 1,234 shares in the last quarter. CWM LLC raised its holdings in shares of Acadia Healthcare by 105.1% in the 2nd quarter. CWM LLC now owns 2,633 shares of the company’s stock worth $60,000 after buying an additional 1,349 shares in the last quarter. Covestor Ltd increased its holdings in Acadia Healthcare by 56.0% during the 1st quarter. Covestor Ltd now owns 2,262 shares of the company’s stock valued at $69,000 after purchasing an additional 812 shares in the last quarter. Signaturefd LLC increased its holdings in Acadia Healthcare by 1,451.7% during the 2nd quarter. Signaturefd LLC now owns 5,043 shares of the company’s stock valued at $114,000 after purchasing an additional 4,718 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in Acadia Healthcare by 1,120.3% during the 2nd quarter. Parallel Advisors LLC now owns 5,174 shares of the company’s stock valued at $117,000 after purchasing an additional 4,750 shares in the last quarter.

Acadia Healthcare Price Performance

NASDAQ:ACHC opened at $23.39 on Friday. Acadia Healthcare Company, Inc. has a 52-week low of $17.13 and a 52-week high of $52.39. The stock’s 50-day simple moving average is $23.43 and its 200 day simple moving average is $23.06. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market cap of $2.16 billion, a P/E ratio of 15.49, a P/E/G ratio of 4.63 and a beta of 0.90.

Acadia Healthcare (NASDAQ:ACHC) last posted its earnings results on Tuesday, August 5th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.71 by $0.12. Acadia Healthcare had a return on equity of 8.34% and a net margin of 4.31%.The company had revenue of $869.23 million for the quarter, compared to the consensus estimate of $839.59 million. During the same quarter in the prior year, the business earned $0.91 earnings per share. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. Acadia Healthcare has set its FY 2025 guidance at 2.450-2.65 EPS. As a group, sell-side analysts forecast that Acadia Healthcare Company, Inc. will post 3.38 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on ACHC. Barclays dropped their price target on Acadia Healthcare from $28.00 to $20.00 and set an “equal weight” rating for the company in a report on Thursday, August 7th. UBS Group reduced their price target on Acadia Healthcare from $45.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, August 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Acadia Healthcare in a report on Friday. KeyCorp reduced their target price on Acadia Healthcare from $55.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada cut their price target on Acadia Healthcare from $43.00 to $28.00 and set an “outperform” rating on the stock in a report on Wednesday, August 13th. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.09.

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.