Intech Investment Management LLC Boosts Stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Intech Investment Management LLC raised its holdings in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 666.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,150 shares of the company’s stock after buying an additional 94,033 shares during the quarter. Intech Investment Management LLC owned about 0.12% of Acadia Healthcare worth $4,288,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Wellington Management Group LLP grew its position in Acadia Healthcare by 12.2% during the third quarter. Wellington Management Group LLP now owns 11,658,253 shares of the company’s stock worth $739,250,000 after buying an additional 1,266,384 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Acadia Healthcare by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,126,607 shares of the company’s stock worth $198,258,000 after purchasing an additional 454,044 shares in the last quarter. State Street Corp boosted its holdings in shares of Acadia Healthcare by 3.5% in the 3rd quarter. State Street Corp now owns 2,819,911 shares of the company’s stock worth $178,811,000 after purchasing an additional 95,613 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Acadia Healthcare by 0.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,282,810 shares of the company’s stock worth $144,753,000 after purchasing an additional 12,470 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Acadia Healthcare by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,613,198 shares of the company’s stock worth $102,320,000 after purchasing an additional 14,197 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ACHC. Cantor Fitzgerald reiterated a “neutral” rating and issued a $52.00 price objective on shares of Acadia Healthcare in a report on Tuesday, December 10th. TD Cowen cut their price objective on Acadia Healthcare from $70.00 to $66.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded Acadia Healthcare from a “hold” rating to a “buy” rating and upped their price objective for the stock from $45.00 to $75.00 in a report on Thursday, December 12th. Barclays cut Acadia Healthcare from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $43.00 to $35.00 in a report on Friday, February 28th. Finally, Bank of America dropped their target price on Acadia Healthcare from $50.00 to $44.50 and set a “buy” rating for the company in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $56.31.

Acadia Healthcare Trading Down 1.0 %

ACHC opened at $29.14 on Wednesday. The business has a 50 day simple moving average of $39.52 and a two-hundred day simple moving average of $47.57. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 9.55, a PEG ratio of 1.46 and a beta of 1.38. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 1.07. Acadia Healthcare Company, Inc. has a one year low of $27.61 and a one year high of $82.41.

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.