Acadia Healthcare (NASDAQ:ACHC) Shares Up 6.3% – What’s Next?

Acadia Healthcare Company, Inc. (NASDAQ:ACHC)’s stock price rose 6.3% on Wednesday . The company traded as high as $39.53 and last traded at $39.44. Approximately 944,052 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 1,006,032 shares. The stock had previously closed at $37.09.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ACHC shares. Cantor Fitzgerald reiterated a “neutral” rating and issued a $90.00 price objective on shares of Acadia Healthcare in a report on Tuesday, October 1st. Royal Bank of Canada cut their target price on Acadia Healthcare from $94.00 to $64.00 and set an “outperform” rating on the stock in a research note on Monday. KeyCorp assumed coverage on Acadia Healthcare in a research report on Friday, October 11th. They issued a “sector weight” rating for the company. Barclays dropped their price target on shares of Acadia Healthcare from $83.00 to $76.00 and set an “overweight” rating for the company in a research report on Monday, September 30th. Finally, StockNews.com upgraded shares of Acadia Healthcare from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $83.33.

Acadia Healthcare Stock Performance

The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.07 and a current ratio of 1.07. The business’s 50-day simple moving average is $56.48 and its 200 day simple moving average is $65.14. The firm has a market cap of $3.63 billion, a P/E ratio of 12.16, a P/E/G ratio of 1.68 and a beta of 1.33.

Acadia Healthcare (NASDAQ:ACHC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. Acadia Healthcare had a net margin of 8.99% and a return on equity of 11.12%. The company had revenue of $815.60 million for the quarter, compared to analyst estimates of $819.42 million. During the same period in the prior year, the company posted $0.91 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities analysts predict that Acadia Healthcare Company, Inc. will post 3.38 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP raised its holdings in Acadia Healthcare by 12.2% during the third quarter. Wellington Management Group LLP now owns 11,658,253 shares of the company’s stock worth $739,250,000 after purchasing an additional 1,266,384 shares in the last quarter. William Blair Investment Management LLC boosted its stake in Acadia Healthcare by 20.7% during the second quarter. William Blair Investment Management LLC now owns 3,515,464 shares of the company’s stock valued at $237,434,000 after buying an additional 604,070 shares in the last quarter. State Street Corp grew its holdings in shares of Acadia Healthcare by 3.5% in the 3rd quarter. State Street Corp now owns 2,819,911 shares of the company’s stock worth $178,811,000 after acquiring an additional 95,613 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in Acadia Healthcare by 0.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,282,810 shares of the company’s stock worth $144,753,000 after acquiring an additional 12,470 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Acadia Healthcare by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,613,198 shares of the company’s stock valued at $102,320,000 after buying an additional 14,197 shares in the last quarter.

Acadia Healthcare Company Profile

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.