Jefferies Financial Group Inc. purchased a new stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,605,067 shares of the company’s stock, valued at approximately $106,458,000. Acadia Healthcare comprises 0.7% of Jefferies Financial Group Inc.’s holdings, making the stock its 12th largest position. Jefferies Financial Group Inc. owned approximately 3.87% of Acadia Healthcare as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Acadia Healthcare during the second quarter worth approximately $441,685,000. Goldman Sachs Group Inc. lifted its holdings in Acadia Healthcare by 417.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,728,613 shares of the company’s stock worth $67,099,000 after purchasing an additional 3,815,471 shares during the last quarter. Wellington Management Group LLP boosted its stake in Acadia Healthcare by 24.9% in the 4th quarter. Wellington Management Group LLP now owns 11,774,308 shares of the company’s stock valued at $167,077,000 after purchasing an additional 2,350,760 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in Acadia Healthcare in the 1st quarter valued at $43,017,000. Finally, Deutsche Bank AG acquired a new position in Acadia Healthcare in the 2nd quarter valued at $49,746,000.
Acadia Healthcare Stock Performance
NASDAQ:ACHC opened at $30.22 on Friday. The company has a market cap of $2.81 billion, a price-to-earnings ratio of -2.43, a PEG ratio of 9.85 and a beta of 0.64. Acadia Healthcare Company, Inc. has a fifty-two week low of $11.43 and a fifty-two week high of $35.83. 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 has a fifty day moving average price of $30.39 and a 200-day moving average price of $26.04.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada lifted their target price on Acadia Healthcare from $28.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. TD Cowen upped their price target on shares of Acadia Healthcare from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Barclays raised their price target on shares of Acadia Healthcare from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Cantor Fitzgerald reissued a “neutral” rating on shares of Acadia Healthcare in a report on Wednesday, July 29th. Finally, Raymond James Financial upgraded shares of Acadia Healthcare from an “outperform” rating to a “strong-buy” rating and set a $39.00 target price on the stock in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $29.85.
Read Our Latest Stock Report on ACHC
Acadia Healthcare Company 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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