Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC – Get Free Report) fell 5.1% on Tuesday. The stock traded as low as $29.78 and last traded at $29.7540. 762,978 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 2,825,651 shares. The stock had previously closed at $31.34.
Analyst Upgrades and Downgrades
ACHC has been the topic of several research reports. Cantor Fitzgerald restated a “neutral” rating on shares of Acadia Healthcare in a research note on Tuesday, October 6th. Leerink Partners upped their price objective on shares of Acadia Healthcare from $30.00 to $33.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 23rd. TD Cowen upped their price objective on shares of Acadia Healthcare from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Acadia Healthcare in a research report on Wednesday, September 9th. Finally, UBS Group boosted their price objective on shares of Acadia Healthcare from $31.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Acadia Healthcare presently has a consensus rating of “Hold” and a consensus price target of $30.69.
Read Our Latest Analysis on Acadia Healthcare
Acadia Healthcare Trading Down 0.7%
The company has a 50 day simple moving average of $28.98 and a two-hundred day simple moving average of $25.47. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market cap of $2.73 billion, a PE ratio of -2.36, a P/E/G ratio of 10.15 and a beta of 0.63.
Acadia Healthcare (NASDAQ:ACHC – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. Acadia Healthcare had a positive return on equity of 6.19% and a negative net margin of 33.44%. The firm had revenue of $865.84 million during the quarter, compared to the consensus estimate of $844.19 million. During the same quarter in the previous year, the company posted $0.83 earnings per share. The company’s revenue was down .4% compared to the same quarter last year. Analysts expect that Acadia Healthcare Company, Inc. will post 1.55 EPS for the current fiscal year.
Institutional Trading of Acadia Healthcare
A number of hedge funds have recently added to or reduced their stakes in ACHC. Pinnacle Wealth Planning Services Inc. raised its holdings in shares of Acadia Healthcare by 20.7% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 3,209 shares of the company’s stock valued at $88,000 after acquiring an additional 550 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of Acadia Healthcare in the second quarter worth approximately $45,000. Global Retirement Partners LLC acquired a new stake in shares of Acadia Healthcare in the second quarter worth approximately $68,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Acadia Healthcare during the second quarter worth approximately $79,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Acadia Healthcare during the second quarter worth approximately $88,000.
Acadia Healthcare Company Profile
Acadia Healthcare Company, Inc is a provider of behavioral healthcare services headquartered in Franklin, Tennessee. The company operates psychiatric hospitals, specialty treatment facilities and outpatient programs focused on mental health and substance use disorders.
Acadia’s services include inpatient and outpatient psychiatric care, addiction treatment, residential treatment, eating-disorder programs, and services for children and adolescents. Its facilities serve patients with a range of behavioral health conditions, including depression, anxiety, trauma-related disorders and substance use disorders.
Founded in 2005, Acadia operates primarily in the United States and also has a significant presence in the United Kingdom through its ownership of Priory, a behavioral healthcare provider.
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