Acadia Healthcare (NASDAQ:ACHC) Sets New 52-Week Low – Time to Sell?

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $26.72 and last traded at $27.37, with a volume of 1613368 shares. The stock had previously closed at $28.38.

Analyst Upgrades and Downgrades

ACHC has been the subject of a number of recent analyst reports. KeyCorp cut their price objective on shares of Acadia Healthcare from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Cantor Fitzgerald restated a “neutral” rating and issued a $52.00 price target on shares of Acadia Healthcare in a research note on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft raised Acadia Healthcare from a “hold” rating to a “buy” rating and upped their price target for the stock from $45.00 to $75.00 in a report on Thursday, December 12th. Barclays lowered Acadia Healthcare from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $43.00 to $35.00 in a report on Friday, February 28th. Finally, TD Cowen reduced their target price on Acadia Healthcare from $70.00 to $66.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Acadia Healthcare presently has a consensus rating of “Hold” and a consensus target price of $52.19.

Acadia Healthcare Price Performance

The company has a 50-day moving average of $35.62 and a 200 day moving average of $43.59. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $2.54 billion, a PE ratio of 8.97, a PEG ratio of 1.46 and a beta of 1.38.

Institutional Investors Weigh In On Acadia Healthcare

Large investors have recently modified their holdings of the business. Lindbrook Capital LLC boosted its position in Acadia Healthcare by 1,342.0% during the fourth quarter. Lindbrook Capital LLC now owns 721 shares of the company’s stock worth $29,000 after acquiring an additional 671 shares during the last quarter. Blue Trust Inc. lifted its stake in Acadia Healthcare by 69.4% in the 4th quarter. Blue Trust Inc. now owns 842 shares of the company’s stock worth $33,000 after purchasing an additional 345 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Acadia Healthcare by 40.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,040 shares of the company’s stock worth $41,000 after purchasing an additional 301 shares during the last quarter. Signaturefd LLC grew its position in shares of Acadia Healthcare by 460.6% in the fourth quarter. Signaturefd LLC now owns 1,222 shares of the company’s stock valued at $48,000 after purchasing an additional 1,004 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Acadia Healthcare by 56.0% in the fourth quarter. Fifth Third Bancorp now owns 1,264 shares of the company’s stock valued at $50,000 after purchasing an additional 454 shares during 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.