Acadia Healthcare (NASDAQ:ACHC) Stock Price Down 6.2% – Here’s What Happened

Acadia Healthcare Company, Inc. (NASDAQ:ACHC)’s stock price fell 6.2% during trading on Wednesday . The company traded as low as $13.89 and last traded at $13.9360. 1,055,661 shares changed hands during trading, a decline of 55% from the average session volume of 2,326,890 shares. The stock had previously closed at $14.86.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ACHC shares. Leerink Partnrs lowered shares of Acadia Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 3rd. KeyCorp decreased their price objective on Acadia Healthcare from $30.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, December 3rd. Barclays lowered their target price on Acadia Healthcare from $17.00 to $14.00 and set an “equal weight” rating for the company in a research report on Thursday, December 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Acadia Healthcare in a research note on Wednesday, October 8th. Finally, Leerink Partners reissued a “market perform” rating and issued a $14.00 price objective (down from $25.00) on shares of Acadia Healthcare in a research note on Wednesday, December 3rd. Seven 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.82.

Acadia Healthcare Price Performance

The firm has a market capitalization of $1.29 billion, a P/E ratio of 11.94, a P/E/G ratio of 3.74 and a beta of 0.88. The stock’s 50 day simple moving average is $16.11 and its 200 day simple moving average is $20.45. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.44 and a current ratio of 1.44.

Acadia Healthcare (NASDAQ:ACHC) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01. The company had revenue of $851.57 million for the quarter, compared to analysts’ expectations of $852.43 million. Acadia Healthcare had a return on equity of 7.66% and a net margin of 3.29%.Acadia Healthcare’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 earnings per share. Acadia Healthcare has set its FY 2025 guidance at 2.350-2.450 EPS. As a group, analysts expect that Acadia Healthcare Company, Inc. will post 3.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Acadia Healthcare

Hedge funds and other institutional investors have recently modified their holdings of the business. Allworth Financial LP raised its position in shares of Acadia Healthcare by 676.4% in the 2nd quarter. Allworth Financial LP now owns 1,351 shares of the company’s stock worth $31,000 after acquiring an additional 1,177 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings 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 valued at $32,000 after acquiring an additional 497 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Acadia Healthcare by 501.9% in the third quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock worth $54,000 after buying an additional 1,822 shares during the last quarter. CWM LLC grew its holdings in shares of Acadia Healthcare by 105.1% during the second quarter. CWM LLC now owns 2,633 shares of the company’s stock valued at $60,000 after buying an additional 1,349 shares during the last quarter. Finally, Quent Capital LLC acquired a new position in shares of Acadia Healthcare in the third quarter valued at about $71,000.

About Acadia Healthcare

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.