Hudson Edge Investment Partners Inc. Acquires Shares of 5,779 Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Hudson Edge Investment Partners Inc. bought a new position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 5,779 shares of the company’s stock, valued at approximately $390,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Arizona State Retirement System raised its holdings in Acadia Healthcare by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 25,874 shares of the company’s stock valued at $1,748,000 after acquiring an additional 531 shares during the period. Victory Capital Management Inc. grew its position in shares of Acadia Healthcare by 2.9% in the second quarter. Victory Capital Management Inc. now owns 268,264 shares of the company’s stock valued at $18,119,000 after purchasing an additional 7,467 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of Acadia Healthcare by 43.9% during the 2nd quarter. Natixis Advisors LLC now owns 175,895 shares of the company’s stock valued at $11,879,000 after purchasing an additional 53,690 shares during the period. nVerses Capital LLC purchased a new stake in Acadia Healthcare during the 2nd quarter worth about $95,000. Finally, Commonwealth Equity Services LLC boosted its stake in Acadia Healthcare by 3.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 7,595 shares of the company’s stock worth $513,000 after purchasing an additional 257 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ACHC shares. StockNews.com downgraded shares of Acadia Healthcare from a “hold” rating to a “sell” rating in a report on Tuesday, May 21st. TD Cowen lowered their target price on shares of Acadia Healthcare from $101.00 to $91.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. Cantor Fitzgerald reissued a “neutral” rating and issued a $90.00 price target on shares of Acadia Healthcare in a report on Monday, August 19th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $94.00 price target on shares of Acadia Healthcare in a report on Wednesday, May 22nd. Finally, Barclays dropped their price objective on Acadia Healthcare from $89.00 to $83.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $87.44.

Acadia Healthcare Price Performance

ACHC traded down $1.68 during trading on Friday, reaching $76.46. The stock had a trading volume of 606,881 shares, compared to its average volume of 792,975. The business has a 50-day moving average of $71.28 and a 200-day moving average of $72.48. Acadia Healthcare Company, Inc. has a one year low of $62.04 and a one year high of $87.77. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market cap of $7.09 billion, a PE ratio of -546.14, a PEG ratio of 2.36 and a beta of 1.30.

Acadia Healthcare (NASDAQ:ACHC) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. The firm had revenue of $796.00 million for the quarter, compared to analyst estimates of $784.38 million. Acadia Healthcare had a positive return on equity of 11.42% and a negative net margin of 0.17%. The company’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.92 EPS. As a group, equities research analysts anticipate that Acadia Healthcare Company, Inc. will post 3.51 EPS for the current fiscal year.

Acadia Healthcare 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.