State of Alaska Department of Revenue Boosts Stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

State of Alaska Department of Revenue raised its position in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 7.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,735 shares of the company’s stock after acquiring an additional 730 shares during the period. State of Alaska Department of Revenue’s holdings in Acadia Healthcare were worth $680,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ACHC. GAMMA Investing LLC lifted its stake in shares of Acadia Healthcare by 57.1% during the third quarter. GAMMA Investing LLC now owns 663 shares of the company’s stock worth $42,000 after purchasing an additional 241 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Acadia Healthcare by 86.1% during the second quarter. Blue Trust Inc. now owns 536 shares of the company’s stock worth $36,000 after purchasing an additional 248 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Acadia Healthcare by 3.5% during the second quarter. Commonwealth Equity Services LLC now owns 7,595 shares of the company’s stock worth $513,000 after purchasing an additional 257 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Acadia Healthcare by 2.1% during the second quarter. Arizona State Retirement System now owns 25,874 shares of the company’s stock worth $1,748,000 after purchasing an additional 531 shares in the last quarter. Finally, Inspire Investing LLC lifted its stake in shares of Acadia Healthcare by 16.7% during the second quarter. Inspire Investing LLC now owns 5,226 shares of the company’s stock worth $353,000 after purchasing an additional 747 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ACHC shares. Royal Bank of Canada restated an “outperform” rating and set a $94.00 price objective on shares of Acadia Healthcare in a research note on Friday, September 20th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $90.00 price target on shares of Acadia Healthcare in a research note on Tuesday, October 1st. Barclays cut their price target 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 initiated coverage on Acadia Healthcare in a research note on Friday, October 11th. They issued a “sector weight” rating on the stock. Finally, StockNews.com upgraded Acadia Healthcare from a “sell” rating to a “hold” rating in a research note on Monday. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $86.67.

Acadia Healthcare Stock Down 0.0 %

Shares of Acadia Healthcare stock opened at $42.49 on Thursday. The firm has a market cap of $3.95 billion, a P/E ratio of 13.93, a P/E/G ratio of 1.33 and a beta of 1.33. The business has a 50-day moving average price of $64.29 and a 200 day moving average price of $67.36. Acadia Healthcare Company, Inc. has a fifty-two week low of $41.42 and a fifty-two week high of $87.77. 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 posted its earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.90 by $0.01. The company had revenue of $815.60 million during the quarter, compared to analyst estimates of $819.42 million. Acadia Healthcare had a return on equity of 11.12% and a net margin of 8.99%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 earnings per share. On average, sell-side analysts forecast that Acadia Healthcare Company, Inc. will post 3.38 earnings per share for the current fiscal year.

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.