Acadia Healthcare Company, Inc. (ACHC) Shares Bought by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lifted its holdings in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,080,869 shares of the company’s stock after buying an additional 7,050 shares during the quarter. Acadia Healthcare makes up approximately 1.3% of Stephens Investment Management Group LLC’s investment portfolio, making the stock its 14th largest position. Stephens Investment Management Group LLC owned approximately 1.23% of Acadia Healthcare worth $53,373,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ACHC. Nationwide Fund Advisors raised its stake in shares of Acadia Healthcare by 683.9% during the 1st quarter. Nationwide Fund Advisors now owns 75,852 shares of the company’s stock worth $3,307,000 after buying an additional 66,176 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Acadia Healthcare by 43.9% during the 1st quarter. Russell Investments Group Ltd. now owns 221,649 shares of the company’s stock worth $9,664,000 after buying an additional 67,665 shares during the period. US Bancorp DE raised its stake in shares of Acadia Healthcare by 16.4% during the 1st quarter. US Bancorp DE now owns 31,740 shares of the company’s stock worth $1,383,000 after buying an additional 4,479 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Acadia Healthcare by 5.4% during the 1st quarter. Bank of New York Mellon Corp now owns 695,995 shares of the company’s stock worth $30,346,000 after buying an additional 35,566 shares during the period. Finally, Suntrust Banks Inc. raised its stake in shares of Acadia Healthcare by 24.9% during the 1st quarter. Suntrust Banks Inc. now owns 17,362 shares of the company’s stock worth $755,000 after buying an additional 3,461 shares during the period.

ILLEGAL ACTIVITY NOTICE: “Acadia Healthcare Company, Inc. (ACHC) Shares Bought by Stephens Investment Management Group LLC” was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this story on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The legal version of this story can be read at https://sportsperspectives.com/2017/09/11/acadia-healthcare-company-inc-achc-shares-bought-by-stephens-investment-management-group-llc.html.

In other news, Director Reeve B. Waud sold 1,240,000 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $51.72, for a total transaction of $64,132,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William Grieco sold 2,000 shares of the firm’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $45.42, for a total value of $90,840.00. Following the sale, the director now directly owns 47,013 shares of the company’s stock, valued at $2,135,330.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,912,387 shares of company stock valued at $195,692,757. Corporate insiders own 11.10% of the company’s stock.

Shares of Acadia Healthcare Company, Inc. (ACHC) traded up 0.73% during mid-day trading on Monday, reaching $47.19. The company’s stock had a trading volume of 217,796 shares. Acadia Healthcare Company, Inc. has a 1-year low of $32.54 and a 1-year high of $54.34. The company’s 50-day moving average is $49.32 and its 200 day moving average is $45.81. The firm has a market capitalization of $4.15 billion, a P/E ratio of 518.57 and a beta of 1.14.

Acadia Healthcare (NASDAQ:ACHC) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.01. The business had revenue of $715.90 million during the quarter, compared to analyst estimates of $717.38 million. Acadia Healthcare had a return on equity of 8.69% and a net margin of 0.30%. The company’s revenue was down 5.4% compared to the same quarter last year. During the same period last year, the company posted $0.73 EPS. On average, analysts expect that Acadia Healthcare Company, Inc. will post $2.45 earnings per share for the current year.

Several research analysts have recently weighed in on the company. Mizuho upped their target price on Acadia Healthcare from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. BidaskClub raised Acadia Healthcare from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Deutsche Bank AG upped their target price on Acadia Healthcare from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. Craig Hallum reaffirmed a “buy” rating and set a $65.00 target price (up from $52.00) on shares of Acadia Healthcare in a research note on Monday, July 31st. Finally, UBS AG reaffirmed a “positive” rating and set a $60.00 target price (up from $54.00) on shares of Acadia Healthcare in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Acadia Healthcare presently has a consensus rating of “Buy” and a consensus target price of $59.21.

Acadia Healthcare Profile

Acadia Healthcare Company, Inc is a provider of behavioral healthcare services, with operations in the United States and the United Kingdom. The Company focuses on acquiring and developing behavioral healthcare facilities. The Company operates through two segments: U.S. Facilities and U.K. Facilities.

Institutional Ownership by Quarter for Acadia Healthcare (NASDAQ:ACHC)

Receive News & Ratings for Acadia Healthcare Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acadia Healthcare Company Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply