Shares of Acadia Healthcare Company Inc (NASDAQ:ACHC) have been assigned an average recommendation of “Hold” from the fourteen analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $37.20.
ACHC has been the subject of several recent research reports. BidaskClub cut Acadia Healthcare from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 1st. Zacks Investment Research raised Acadia Healthcare from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Mizuho set a $30.00 price target on Acadia Healthcare and gave the company a “hold” rating in a research report on Friday, January 25th. Citigroup reduced their price target on Acadia Healthcare from $43.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Finally, TheStreet cut Acadia Healthcare from a “c” rating to a “d” rating in a research report on Friday, March 1st.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Retirement Systems of Alabama lifted its position in shares of Acadia Healthcare by 0.7% in the first quarter. Retirement Systems of Alabama now owns 115,146 shares of the company’s stock valued at $3,375,000 after buying an additional 769 shares during the last quarter. Tibra Equities Europe Ltd acquired a new stake in shares of Acadia Healthcare in the first quarter valued at approximately $818,000. Cumberland Advisors Inc. lifted its position in shares of Acadia Healthcare by 4.8% in the first quarter. Cumberland Advisors Inc. now owns 24,150 shares of the company’s stock valued at $708,000 after buying an additional 1,100 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Acadia Healthcare by 6.4% in the fourth quarter. Geode Capital Management LLC now owns 926,057 shares of the company’s stock valued at $23,808,000 after buying an additional 56,110 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Acadia Healthcare in the fourth quarter valued at approximately $24,857,000.
Shares of NASDAQ:ACHC traded up $1.13 during mid-day trading on Tuesday, reaching $29.51. 1,172,499 shares of the stock were exchanged, compared to its average volume of 993,538. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $2.61 billion, a PE ratio of 13.17, a PEG ratio of 1.67 and a beta of 0.67. Acadia Healthcare has a one year low of $24.27 and a one year high of $45.35.
Acadia Healthcare (NASDAQ:ACHC) last posted its quarterly earnings data on Thursday, February 28th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.47. The business had revenue of $743.55 million during the quarter, compared to the consensus estimate of $743.05 million. Acadia Healthcare had a positive return on equity of 7.54% and a negative net margin of 5.83%. On average, research analysts predict that Acadia Healthcare will post 2.18 earnings per share for the current fiscal year.
Acadia Healthcare Company Profile
Acadia Healthcare Company, Inc develops and operates inpatient psychiatric facilities, residential treatment centers, group homes, substance abuse facilities, and outpatient behavioral healthcare facilities to serve the behavioral health and recovery needs of communities. The company operates acute inpatient psychiatric facilities, which offer evaluation and crisis stabilization of patients with severe psychiatric diagnoses; specialty treatment facilities, including residential recovery facilities, eating disorder facilities, and comprehensive treatment centers that provide continuum care for adults with addictive disorders and co-occurring mental disorders; and residential treatment centers, which treat patients with behavioral disorders in a non-hospital setting, including outdoor programs.
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