Militia Capital Management LLC purchased a new stake in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC – Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 121,500 shares of the company’s stock, valued at approximately $2,842,000. Militia Capital Management LLC owned approximately 0.13% of Acadia Healthcare as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Clough Capital Partners L P bought a new position in Acadia Healthcare during the first quarter valued at about $5,359,000. Aberdeen Group plc lifted its holdings in Acadia Healthcare by 72.3% in the 4th quarter. Aberdeen Group plc now owns 743,925 shares of the company’s stock valued at $10,556,000 after acquiring an additional 312,172 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Acadia Healthcare during the 1st quarter valued at about $957,000. Prescott Group Capital Management L.L.C. bought a new position in shares of Acadia Healthcare during the 4th quarter valued at about $2,838,000. Finally, FourThought Financial Partners LLC acquired a new position in shares of Acadia Healthcare in the 4th quarter worth approximately $325,000.
Acadia Healthcare Price Performance
Shares of ACHC opened at $29.62 on Monday. 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 firm has a market cap of $2.76 billion, a PE ratio of -2.38, a PEG ratio of 9.61 and a beta of 0.64. The firm’s 50 day moving average price is $28.23 and its 200 day moving average price is $23.81. Acadia Healthcare Company, Inc. has a twelve month low of $11.43 and a twelve month high of $35.83.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. Cantor Fitzgerald reissued a “neutral” rating on shares of Acadia Healthcare in a research note on Wednesday. TD Cowen lifted their price target on shares of Acadia Healthcare from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Acadia Healthcare in a research report on Friday, June 12th. Jefferies Financial Group raised Acadia Healthcare from a “hold” rating to a “buy” rating and raised their price objective for the stock from $24.50 to $30.00 in a research note on Wednesday, June 3rd. Finally, KeyCorp lifted their target price on Acadia Healthcare from $30.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $29.85.
Check Out Our Latest Research Report on Acadia Healthcare
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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