Rock Springs Capital Management LP Trims Holdings in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Rock Springs Capital Management LP decreased its stake in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 28.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 583,500 shares of the company’s stock after selling 231,500 shares during the period. Rock Springs Capital Management LP owned 0.63% of Acadia Healthcare worth $23,136,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in Acadia Healthcare by 0.7% during the fourth quarter. Wellington Management Group LLP now owns 11,734,743 shares of the company’s stock worth $465,283,000 after buying an additional 76,490 shares in the last quarter. FMR LLC grew its holdings in shares of Acadia Healthcare by 257.9% during the fourth quarter. FMR LLC now owns 6,230,631 shares of the company’s stock worth $247,045,000 after purchasing an additional 4,489,681 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Acadia Healthcare by 18.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,182,729 shares of the company’s stock worth $126,189,000 after purchasing an additional 486,395 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Acadia Healthcare by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 3,126,607 shares of the company’s stock valued at $198,258,000 after purchasing an additional 454,044 shares in the last quarter. Finally, Stephens Investment Management Group LLC lifted its position in Acadia Healthcare by 24.9% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,475,166 shares of the company’s stock valued at $58,490,000 after purchasing an additional 294,210 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ACHC shares. TD Cowen dropped their price objective on shares of Acadia Healthcare from $70.00 to $66.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Bank of America cut their price objective on Acadia Healthcare from $50.00 to $44.50 and set a “buy” rating for the company in a report on Friday, February 28th. KeyCorp decreased their price objective on Acadia Healthcare from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Guggenheim initiated coverage on Acadia Healthcare in a research note on Wednesday, April 9th. They issued a “buy” rating and a $36.00 target price for the company. Finally, StockNews.com lowered shares of Acadia Healthcare from a “hold” rating to a “sell” rating in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Acadia Healthcare presently has an average rating of “Moderate Buy” and a consensus price target of $50.39.

Acadia Healthcare Price Performance

Shares of NASDAQ ACHC opened at $23.91 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 1.07. Acadia Healthcare Company, Inc. has a 1 year low of $22.57 and a 1 year high of $82.41. The company’s 50-day moving average is $31.39 and its 200 day moving average is $39.67. The stock has a market capitalization of $2.20 billion, a P/E ratio of 7.84, a P/E/G ratio of 1.46 and a beta of 1.13.

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.