Wellington Management Group LLP lessened its position in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC – Free Report) by 36.9% during the 2nd quarter, Holdings Channel reports. The firm owned 5,726,246 shares of the company’s stock after selling 3,346,696 shares during the quarter. Wellington Management Group LLP owned about 0.06% of Acadia Healthcare worth $169,096,000 as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of Acadia Healthcare by 54.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,404 shares of the company’s stock worth $32,000 after purchasing an additional 497 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Acadia Healthcare by 208.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,233 shares of the company’s stock worth $32,000 after buying an additional 1,510 shares during the period. Allworth Financial LP purchased a new position in Acadia Healthcare during the 2nd quarter worth approximately $45,000. Global Retirement Partners LLC acquired a new stake in Acadia Healthcare during the 2nd quarter valued at approximately $68,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Acadia Healthcare by 4,264.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 5,325 shares of the company’s stock valued at $76,000 after acquiring an additional 5,203 shares during the last quarter.
Analyst Ratings Changes
Several brokerages recently issued reports on ACHC. Jefferies Financial Group raised shares of Acadia Healthcare from a “hold” rating to a “buy” rating and raised their target price for the stock from $24.50 to $30.00 in a report on Wednesday, June 3rd. Guggenheim lifted their price objective on Acadia Healthcare from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings restated a “sell (d)” rating on shares of Acadia Healthcare in a research note on Friday, June 12th. UBS Group raised their target price on Acadia Healthcare from $31.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, Raymond James Financial raised Acadia Healthcare from an “outperform” rating to a “strong-buy” rating and set a $39.00 price target for the company in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $29.85.
Acadia Healthcare Trading Down 3.5%
ACHC stock opened at $27.56 on Tuesday. Acadia Healthcare Company, Inc. has a 52-week low of $11.43 and a 52-week high of $35.83. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.20. The firm has a market cap of $2.57 billion, a P/E ratio of -2.21, a PEG ratio of 9.20 and a beta of 0.64. The company’s 50-day simple moving average is $30.51 and its 200-day simple moving average is $26.25.
Acadia Healthcare (NASDAQ:ACHC – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. The company had revenue of $865.84 million during the quarter, compared to analysts’ expectations of $844.19 million. Acadia Healthcare had a positive return on equity of 6.19% and a negative net margin of 33.44%.Acadia Healthcare’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.83 EPS. Acadia Healthcare has set its FY 2026 guidance at 1.450-1.600 EPS. As a group, equities analysts forecast that Acadia Healthcare Company, Inc. will post 1.55 EPS for the current fiscal year.
Acadia Healthcare Profile
Acadia Healthcare Company, Inc (NASDAQ: ACHC) is a publicly traded provider of behavioral healthcare services headquartered in Franklin, Tennessee. Founded in 2005, the company has grown through organic expansion and strategic acquisitions to establish itself as a leading specialist in mental health and addiction treatment across the United States.
Acadia operates a diversified network of inpatient psychiatric hospitals, residential treatment centers, outpatient clinics and intensive outpatient programs.
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