Moody National Bank Trust Division acquired a new position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 25,063 shares of the company’s stock, valued at approximately $740,000.
Several other hedge funds and other institutional investors have also bought and sold shares of ACHC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Acadia Healthcare in the first quarter worth approximately $1,600,000. Goldman Sachs Group Inc. boosted its holdings in Acadia Healthcare by 21.1% in the first quarter. Goldman Sachs Group Inc. now owns 698,225 shares of the company’s stock worth $21,170,000 after purchasing an additional 121,444 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Acadia Healthcare by 8.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 340,916 shares of the company’s stock worth $10,337,000 after purchasing an additional 27,207 shares during the last quarter. American Century Companies Inc. grew its position in Acadia Healthcare by 531.5% in the 2nd quarter. American Century Companies Inc. now owns 105,739 shares of the company’s stock worth $2,399,000 after purchasing an additional 88,995 shares during the period. Finally, Prudential Financial Inc. lifted its holdings in shares of Acadia Healthcare by 21.9% during the 2nd quarter. Prudential Financial Inc. now owns 9,903 shares of the company’s stock valued at $225,000 after buying an additional 1,780 shares during the period.
Acadia Healthcare Price Performance
Shares of Acadia Healthcare stock opened at $32.24 on Thursday. The stock has a market cap of $3.00 billion, a P/E ratio of -2.59, a P/E/G ratio of 10.28 and a beta of 0.64. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.57 and a current ratio of 1.57. The stock’s fifty day moving average is $28.71 and its 200 day moving average is $24.22. Acadia Healthcare Company, Inc. has a one year low of $11.43 and a one year high of $35.83.
Analyst Upgrades and Downgrades
A number of research firms recently commented on ACHC. Jefferies Financial Group upgraded Acadia Healthcare from a “hold” rating to a “buy” rating and upped their price objective for the company from $24.50 to $30.00 in a research report on Wednesday, June 3rd. Cantor Fitzgerald reissued a “neutral” rating on shares of Acadia Healthcare in a research report on Wednesday, July 29th. Barclays boosted their price target on Acadia Healthcare from $25.00 to $32.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Royal Bank Of Canada increased their price objective on shares of Acadia Healthcare from $28.00 to $31.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Finally, KeyCorp raised their price objective on shares of Acadia Healthcare from $30.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. One investment 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $29.85.
Check Out Our Latest Stock Report on Acadia Healthcare
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.
Featured Articles
- Five stocks we like better than Acadia Healthcare
- SpaceX: Love the Company, But the Stock Is a Harder Call
- Ulta’s Growth Is Real, But So Are the Risks
- BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story
- Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth
Receive News & Ratings for Acadia Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acadia Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.
