Jupiter Topco LLC bought a new position in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 39,710 shares of the company’s stock, valued at approximately $1,172,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ACHC. Hsbc Holdings PLC acquired a new stake in shares of Acadia Healthcare in the second quarter valued at about $1,045,000. Palisade Capital Management LP acquired a new position in shares of Acadia Healthcare in the second quarter worth approximately $13,494,000. Legal & General Group Plc bought a new stake in Acadia Healthcare in the second quarter valued at approximately $6,127,000. The Manufacturers Life Insurance Company acquired a new stake in Acadia Healthcare during the 2nd quarter valued at approximately $1,324,000. Finally, Algert Global LLC acquired a new stake in Acadia Healthcare during the 2nd quarter valued at approximately $2,723,000.
Acadia Healthcare Trading Down 0.9%
NASDAQ ACHC opened at $28.13 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.20. Acadia Healthcare Company, Inc. has a 52 week low of $11.43 and a 52 week high of $35.83. The business has a 50 day moving average price of $30.70 and a 200-day moving average price of $26.51. The company has a market cap of $2.62 billion, a price-to-earnings ratio of -2.26, a P/E/G ratio of 9.06 and a beta of 0.62.
Analysts Set New Price Targets
ACHC has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Acadia Healthcare in a research report on Friday, June 12th. Guggenheim lifted their target price on shares of Acadia Healthcare from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Cantor Fitzgerald restated a “neutral” rating on shares of Acadia Healthcare in a report on Wednesday, July 29th. UBS Group upped their price target on shares of Acadia Healthcare from $31.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Finally, Jefferies Financial Group upgraded Acadia Healthcare from a “hold” rating to a “buy” rating and increased their price target for the stock from $24.50 to $30.00 in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $29.85.
View Our Latest Research Report on ACHC
About Acadia Healthcare
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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