New York State Teachers Retirement System Cuts Stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

New York State Teachers Retirement System decreased its stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 5.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 71,544 shares of the company’s stock after selling 4,404 shares during the period. New York State Teachers Retirement System’s holdings in Acadia Healthcare were worth $4,537,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACHC. Blue Trust Inc. raised its holdings in shares of Acadia Healthcare by 86.1% in the 2nd quarter. Blue Trust Inc. now owns 536 shares of the company’s stock worth $36,000 after purchasing an additional 248 shares during the period. GAMMA Investing LLC increased its position in Acadia Healthcare by 57.1% in the third quarter. GAMMA Investing LLC now owns 663 shares of the company’s stock worth $42,000 after buying an additional 241 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Acadia Healthcare in the second quarter valued at $59,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Acadia Healthcare during the 3rd quarter valued at $86,000. Finally, nVerses Capital LLC bought a new position in shares of Acadia Healthcare during the 2nd quarter worth $95,000.

Acadia Healthcare Price Performance

Acadia Healthcare stock opened at $42.51 on Wednesday. The business has a 50-day simple moving average of $65.00 and a 200 day simple moving average of $67.55. Acadia Healthcare Company, Inc. has a 52 week low of $41.42 and a 52 week high of $87.77. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 1.33 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 issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.90 by $0.01. Acadia Healthcare had a return on equity of 11.12% and a net margin of 8.99%. The company had revenue of $815.60 million during the quarter, compared to analyst estimates of $819.42 million. During the same quarter in the previous year, the firm earned $0.91 earnings per share. Acadia Healthcare’s revenue was up 8.7% on a year-over-year basis. On average, research analysts forecast that Acadia Healthcare Company, Inc. will post 3.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ACHC has been the topic of a number of research reports. Barclays lowered their price objective on Acadia Healthcare from $83.00 to $76.00 and set an “overweight” rating on the stock in a research note on Monday, September 30th. KeyCorp started coverage on shares of Acadia Healthcare in a research note on Friday, October 11th. They set a “sector weight” rating on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $90.00 price objective on shares of Acadia Healthcare in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Acadia Healthcare from $70.00 to $75.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Finally, StockNews.com raised Acadia Healthcare from a “sell” rating to a “hold” rating in a report on Monday. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $86.67.

Acadia Healthcare Company 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.