Clough Capital Partners L P purchased a new stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC – Free Report) during the first quarter, HoldingsChannel.com reports. The firm purchased 229,127 shares of the company’s stock, valued at approximately $5,359,000.
Several other hedge funds have also recently added to or reduced their stakes in ACHC. EverSource Wealth Advisors LLC boosted its holdings in Acadia Healthcare by 54.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,404 shares of the company’s stock worth $32,000 after buying an additional 497 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Acadia Healthcare by 208.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,233 shares of the company’s stock valued at $32,000 after acquiring an additional 1,510 shares during the period. Bayforest Capital Ltd acquired a new stake in shares of Acadia Healthcare in the 4th quarter valued at approximately $52,000. GAMMA Investing LLC boosted its stake in Acadia Healthcare by 124.7% during the 4th quarter. GAMMA Investing LLC now owns 4,862 shares of the company’s stock worth $69,000 after acquiring an additional 2,698 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Acadia Healthcare by 4,264.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 5,325 shares of the company’s stock valued at $76,000 after purchasing an additional 5,203 shares during the period.
Acadia Healthcare Price Performance
ACHC stock opened at $34.51 on Monday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.71 and a quick ratio of 1.71. The stock has a market capitalization of $3.17 billion, a P/E ratio of -2.82, a P/E/G ratio of 11.51 and a beta of 0.64. Acadia Healthcare Company, Inc. has a fifty-two week low of $11.43 and a fifty-two week high of $35.83. The business has a 50-day moving average of $27.64 and a 200-day moving average of $23.24.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on ACHC shares. KeyCorp upped their target price on shares of Acadia Healthcare from $30.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada boosted their price target on shares of Acadia Healthcare from $28.00 to $31.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Raymond James Financial upgraded shares of Acadia Healthcare from an “outperform” rating to a “strong-buy” rating and set a $39.00 price objective for the company in a research report on Monday, May 4th. Guggenheim increased their price target on Acadia Healthcare from $26.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Acadia Healthcare in a research report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $28.69.
Acadia Healthcare Company Profile
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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