Stephens Investment Management Group LLC grew its stake in shares of Acadia Healthcare Company Inc (NASDAQ:ACHC) by 1.2% in the second quarter, Holdings Channel reports. The firm owned 1,142,855 shares of the company’s stock after acquiring an additional 13,695 shares during the period. Stephens Investment Management Group LLC’s holdings in Acadia Healthcare were worth $39,943,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Clearbridge Investments LLC purchased a new stake in shares of Acadia Healthcare during the first quarter valued at $12,709,000. Dimensional Fund Advisors LP boosted its stake in shares of Acadia Healthcare by 3.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,591,881 shares of the company’s stock valued at $143,767,000 after purchasing an additional 176,791 shares during the period. Virginia Retirement Systems ET AL boosted its stake in shares of Acadia Healthcare by 2.5% during the second quarter. Virginia Retirement Systems ET AL now owns 16,300 shares of the company’s stock valued at $570,000 after purchasing an additional 400 shares during the period. TCW Group Inc. boosted its stake in shares of Acadia Healthcare by 17.9% during the first quarter. TCW Group Inc. now owns 65,319 shares of the company’s stock valued at $1,914,000 after purchasing an additional 9,917 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Acadia Healthcare during the first quarter valued at $513,000.
Shares of ACHC stock traded down $0.33 on Thursday, hitting $27.59. The stock had a trading volume of 11,779 shares, compared to its average volume of 750,128. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.09 and a current ratio of 1.09. The business has a 50 day moving average price of $32.10. The company has a market capitalization of $2.50 billion, a P/E ratio of 12.35, a PEG ratio of 1.25 and a beta of 0.68. Acadia Healthcare Company Inc has a one year low of $24.27 and a one year high of $45.35.
Acadia Healthcare (NASDAQ:ACHC) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.02. The firm had revenue of $789.00 million during the quarter, compared to the consensus estimate of $795.31 million. Acadia Healthcare had a positive return on equity of 7.20% and a negative net margin of 6.80%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 earnings per share. On average, research analysts predict that Acadia Healthcare Company Inc will post 2.14 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on ACHC. BMO Capital Markets boosted their target price on shares of Acadia Healthcare from $33.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, May 1st. TheStreet raised shares of Acadia Healthcare from a “d+” rating to a “c” rating in a research note on Monday, June 17th. ValuEngine upgraded Acadia Healthcare from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 24th. Deutsche Bank set a $32.00 price objective on Acadia Healthcare and gave the company a “hold” rating in a report on Thursday, May 2nd. Finally, Mizuho set a $30.00 price objective on Acadia Healthcare and gave the company a “hold” rating in a report on Friday, May 31st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $37.00.
Acadia Healthcare Profile
Acadia Healthcare Company, Inc develops and operates inpatient psychiatric facilities, residential treatment centers, group homes, substance abuse facilities, and outpatient behavioral healthcare facilities to serve the behavioral health and recovery needs of communities in the United States, the United Kingdom, and Puerto Rico.
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