Acadia Healthcare (NASDAQ:ACHC) Shares Up 2.9% – Here’s Why

Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) were up 2.9% during trading on Monday . The company traded as high as $54.15 and last traded at $53.55. Approximately 763,777 shares traded hands during trading, a decline of 18% from the average daily volume of 931,295 shares. The stock had previously closed at $52.03.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ACHC shares. Barclays cut their price target on Acadia Healthcare from $83.00 to $76.00 and set an “overweight” rating on the stock in a research note on Monday, September 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Acadia Healthcare from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $94.00 price objective on shares of Acadia Healthcare in a report on Friday, September 20th. Cantor Fitzgerald reissued a “neutral” rating and issued a $90.00 target price on shares of Acadia Healthcare in a report on Tuesday, October 1st. Finally, KeyCorp started coverage on shares of Acadia Healthcare in a research report on Friday, October 11th. They set a “sector weight” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $86.67.

Acadia Healthcare Trading Up 2.0 %

The firm has a market cap of $4.92 billion, a PE ratio of -371.64, a P/E/G ratio of 1.57 and a beta of 1.29. The company’s fifty day moving average price is $70.74 and its two-hundred day moving average price is $69.51. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.60.

Acadia Healthcare (NASDAQ:ACHC) last released its earnings results on Wednesday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. The company had revenue of $796.00 million for the quarter, compared to analysts’ expectations of $784.38 million. Acadia Healthcare had a positive return on equity of 11.42% and a negative net margin of 0.17%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 EPS. As a group, sell-side analysts forecast that Acadia Healthcare Company, Inc. will post 3.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Acadia Healthcare

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in shares of Acadia Healthcare by 57.1% in the 3rd quarter. GAMMA Investing LLC now owns 663 shares of the company’s stock worth $42,000 after acquiring an additional 241 shares during the period. Blue Trust Inc. lifted its holdings in shares of Acadia Healthcare by 86.1% in the second quarter. Blue Trust Inc. now owns 536 shares of the company’s stock valued at $36,000 after purchasing an additional 248 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of Acadia Healthcare by 3.5% in the second quarter. Commonwealth Equity Services LLC now owns 7,595 shares of the company’s stock valued at $513,000 after purchasing an additional 257 shares during the last quarter. Quent Capital LLC grew its holdings in Acadia Healthcare by 8.1% during the 1st quarter. Quent Capital LLC now owns 3,784 shares of the company’s stock valued at $300,000 after buying an additional 284 shares during the last quarter. Finally, Retirement Systems of Alabama increased its position in Acadia Healthcare by 0.3% during the first quarter. Retirement Systems of Alabama now owns 115,799 shares of the company’s stock worth $9,174,000 after buying an additional 303 shares in the last quarter.

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.