Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its holdings in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 32.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,117 shares of the company’s stock after selling 6,683 shares during the quarter. Intech Investment Management LLC’s holdings in Acadia Healthcare were worth $895,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. William Blair Investment Management LLC raised its position in shares of Acadia Healthcare by 20.7% during the 2nd quarter. William Blair Investment Management LLC now owns 3,515,464 shares of the company’s stock worth $237,434,000 after purchasing an additional 604,070 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Acadia Healthcare by 266.0% in the second quarter. Point72 Asset Management L.P. now owns 2,270,340 shares of the company’s stock worth $153,339,000 after acquiring an additional 1,650,040 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Acadia Healthcare by 6.6% in the second quarter. Bank of New York Mellon Corp now owns 1,249,369 shares of the company’s stock valued at $84,382,000 after acquiring an additional 77,509 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Acadia Healthcare by 3,067.8% during the second quarter. Millennium Management LLC now owns 1,090,313 shares of the company’s stock valued at $73,640,000 after acquiring an additional 1,055,894 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in Acadia Healthcare by 4.8% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 768,940 shares of the company’s stock valued at $48,758,000 after purchasing an additional 35,435 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ACHC. Barclays lowered their price target on shares of Acadia Healthcare from $76.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. KeyCorp assumed coverage on Acadia Healthcare in a report on Friday, October 11th. They issued a “sector weight” rating for the company. StockNews.com cut Acadia Healthcare from a “hold” rating to a “sell” rating in a report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft upped their target price on Acadia Healthcare from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $90.00 price target on shares of Acadia Healthcare in a research note on Tuesday, October 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $79.67.

Acadia Healthcare Price Performance

ACHC opened at $41.28 on Friday. Acadia Healthcare Company, Inc. has a 52-week low of $36.50 and a 52-week high of $87.77. The company has a 50 day moving average of $51.89 and a two-hundred day moving average of $63.95. The company has a market cap of $3.83 billion, a P/E ratio of 13.53, a P/E/G ratio of 1.77 and a beta of 1.33. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.60.

Acadia Healthcare (NASDAQ:ACHC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.01. The firm had revenue of $815.60 million during the quarter, compared to the consensus estimate of $819.42 million. Acadia Healthcare had a return on equity of 11.12% and a net margin of 8.99%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 EPS. On average, analysts expect that Acadia Healthcare Company, Inc. will post 3.38 earnings per share for the current 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.