Acadia Healthcare (NASDAQ:ACHC) Shares Gap Up on Earnings Beat

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) shares gapped up prior to trading on Wednesday following a stronger than expected earnings report. The stock had previously closed at $17.17, but opened at $20.31. Acadia Healthcare shares last traded at $21.25, with a volume of 2,657,887 shares changing hands.

The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. The firm had revenue of $821.46 million for the quarter, compared to analysts’ expectations of $800.10 million. Acadia Healthcare had a net margin of 3.29% and a return on equity of 7.66%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 EPS. Acadia Healthcare has set its FY 2026 guidance at 1.300-1.550 EPS.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Raymond James Financial set a $17.00 target price on Acadia Healthcare in a research note on Wednesday, December 3rd. Leerink Partners lowered shares of Acadia Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Acadia Healthcare in a research report on Wednesday, January 21st. Mizuho decreased their price target on shares of Acadia Healthcare from $22.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, December 18th. Finally, Cantor Fitzgerald set a $17.00 price objective on Acadia Healthcare in a research note on Wednesday, December 3rd. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $18.23.

Institutional Investors Weigh In On Acadia Healthcare

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allworth Financial LP boosted its holdings in shares of Acadia Healthcare by 676.4% in the second quarter. Allworth Financial LP now owns 1,351 shares of the company’s stock worth $31,000 after acquiring an additional 1,177 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Acadia Healthcare by 54.8% during the 2nd 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. Hantz Financial Services Inc. grew its holdings in Acadia Healthcare by 501.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock valued at $54,000 after buying an additional 1,822 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Acadia Healthcare by 208.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,233 shares of the company’s stock valued at $32,000 after buying an additional 1,510 shares during the period. Finally, CWM LLC lifted its holdings in shares of Acadia Healthcare by 105.1% in the second quarter. CWM LLC now owns 2,633 shares of the company’s stock worth $60,000 after buying an additional 1,349 shares in the last quarter.

Acadia Healthcare Price Performance

The business’s 50-day moving average price is $14.35 and its 200 day moving average price is $18.50. 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 company has a market capitalization of $1.98 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 4.94 and a beta of 0.89.

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.