Irenic Capital Management LP Makes New $5.31 Million Investment in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Irenic Capital Management LP bought a new stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 133,907 shares of the company’s stock, valued at approximately $5,309,000. Acadia Healthcare comprises approximately 0.6% of Irenic Capital Management LP’s investment portfolio, making the stock its 16th biggest position. Irenic Capital Management LP owned 0.14% of Acadia Healthcare as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tidal Investments LLC boosted its position in Acadia Healthcare by 7.9% during the 3rd quarter. Tidal Investments LLC now owns 4,664 shares of the company’s stock worth $296,000 after buying an additional 340 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Acadia Healthcare by 273.1% during the third quarter. Franklin Resources Inc. now owns 105,228 shares of the company’s stock worth $6,673,000 after purchasing an additional 77,027 shares during the period. Principal Financial Group Inc. grew its stake in shares of Acadia Healthcare by 2.1% in the third quarter. Principal Financial Group Inc. now owns 656,889 shares of the company’s stock worth $41,653,000 after purchasing an additional 13,368 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Acadia Healthcare by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 3,126,607 shares of the company’s stock valued at $198,258,000 after purchasing an additional 454,044 shares during the period. Finally, GAMMA Investing LLC raised its position in Acadia Healthcare by 259.6% during the 4th quarter. GAMMA Investing LLC now owns 2,384 shares of the company’s stock worth $95,000 after purchasing an additional 1,721 shares during the last quarter.

Acadia Healthcare Trading Down 1.4 %

NASDAQ:ACHC opened at $23.87 on Friday. Acadia Healthcare Company, Inc. has a 12 month low of $20.36 and a 12 month high of $82.41. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 7.83, a PEG ratio of 1.46 and a beta of 1.01. The firm has a fifty day simple moving average of $26.57 and a two-hundred day simple moving average of $36.42.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ACHC. Barclays cut Acadia Healthcare from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $43.00 to $35.00 in a research note on Friday, February 28th. Mizuho decreased their target price on shares of Acadia Healthcare from $48.00 to $37.00 and set a “neutral” rating for the company in a research report on Tuesday, March 25th. Royal Bank of Canada dropped their price target on shares of Acadia Healthcare from $64.00 to $43.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Guggenheim initiated coverage on shares of Acadia Healthcare in a research report on Wednesday, April 9th. They set a “buy” rating and a $36.00 price objective for the company. Finally, KeyCorp dropped their target price on shares of Acadia Healthcare from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Acadia Healthcare presently has a consensus rating of “Moderate Buy” and an average target price of $50.39.

Acadia Healthcare 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.