Lido Advisors LLC purchased a new position in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC – Free Report) in the 1st quarter, Holdings Channel reports. The firm purchased 20,271 shares of the company’s stock, valued at approximately $474,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Acadia Healthcare during the first quarter worth $1,600,000. Goldman Sachs Group Inc. raised its stake in Acadia Healthcare by 21.1% in the first quarter. Goldman Sachs Group Inc. now owns 698,225 shares of the company’s stock valued at $21,170,000 after buying an additional 121,444 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Acadia Healthcare by 8.7% during the 1st 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 buying an additional 27,207 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Acadia Healthcare by 531.5% during the 2nd quarter. American Century Companies Inc. now owns 105,739 shares of the company’s stock worth $2,399,000 after acquiring an additional 88,995 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position 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 worth $225,000 after acquiring an additional 1,780 shares in the last quarter.
Acadia Healthcare Trading Up 2.9%
NASDAQ:ACHC opened at $28.14 on Friday. The company has a market capitalization of $2.62 billion, a PE ratio of -2.26, a P/E/G ratio of 9.09 and a beta of 0.64. Acadia Healthcare Company, Inc. has a 52-week low of $11.43 and a 52-week high of $35.83. The stock’s 50 day moving average price is $28.10 and its 200 day moving average price is $23.70. The company has a quick ratio of 1.71, a current ratio of 1.57 and a debt-to-equity ratio of 1.20.
Wall Street Analysts Forecast Growth
ACHC has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Acadia Healthcare in a research report on Friday, June 12th. UBS Group upped their price target on Acadia Healthcare from $31.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, July 9th. KeyCorp increased their price target on shares of Acadia Healthcare from $30.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Raymond James Financial upgraded shares of Acadia Healthcare from an “outperform” rating to a “strong-buy” rating and set a $39.00 price objective for the company in a research report on Monday, May 4th. Finally, Barclays upped their target price on shares of Acadia Healthcare from $25.00 to $32.00 and gave the company an “equal weight” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Acadia Healthcare presently has a consensus rating of “Hold” and an average target price of $29.85.
Get Our Latest Stock Analysis 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.
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