Acadia Healthcare (NASDAQ:ACHC) Shares Down 7.3% – What’s Next?

Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) fell 7.3% on Monday . The stock traded as low as $14.46 and last traded at $14.3460. 150,206 shares changed hands during trading, a decline of 94% from the average session volume of 2,446,300 shares. The stock had previously closed at $15.47.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ACHC. Bank of America cut shares of Acadia Healthcare from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $21.50 to $13.00 in a research report on Wednesday, December 3rd. UBS Group dropped their target price on shares of Acadia Healthcare from $28.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, December 3rd. Raymond James Financial set a $17.00 target price on Acadia Healthcare in a research report on Wednesday, December 3rd. Leerink Partnrs lowered Acadia Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. Finally, Guggenheim cut their price objective on Acadia Healthcare from $29.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Eight research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $23.17.

Acadia Healthcare Stock Down 1.4%

The firm has a market cap of $1.27 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 3.30 and a beta of 0.91. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average price of $20.25 and a two-hundred day moving average price of $21.56.

Acadia Healthcare (NASDAQ:ACHC) last released its earnings results on Wednesday, November 5th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. Acadia Healthcare had a return on equity of 7.66% and a net margin of 3.29%.The firm had revenue of $851.57 million during the quarter, compared to analysts’ expectations of $852.43 million. During the same period in the previous year, the firm posted $0.91 EPS. Acadia Healthcare’s revenue for the quarter was up 4.4% on a year-over-year basis. Acadia Healthcare has set its FY 2025 guidance at 2.350-2.450 EPS. On average, equities research analysts expect that Acadia Healthcare Company, Inc. will post 3.38 EPS for the current year.

Institutional Trading of Acadia Healthcare

Several hedge funds have recently added to or reduced their stakes in ACHC. Verdence Capital Advisors LLC grew its holdings in Acadia Healthcare by 3.3% during the 2nd quarter. Verdence Capital Advisors LLC now owns 14,656 shares of the company’s stock worth $333,000 after acquiring an additional 465 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Acadia Healthcare by 54.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,404 shares of the company’s stock worth $32,000 after purchasing an additional 497 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Acadia Healthcare by 10.3% in the first quarter. PNC Financial Services Group Inc. now owns 6,672 shares of the company’s stock valued at $202,000 after buying an additional 622 shares during the last quarter. LPL Financial LLC raised its stake in Acadia Healthcare by 1.2% in the first quarter. LPL Financial LLC now owns 56,527 shares of the company’s stock valued at $1,651,000 after buying an additional 697 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in Acadia Healthcare by 2.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 30,468 shares of the company’s stock worth $691,000 after buying an additional 760 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.