Acadia Healthcare Company, Inc. (ACHC) Earns Neutral Rating from Mizuho

Mizuho restated their neutral rating on shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) in a research report sent to investors on Monday.

A number of other brokerages have also recently weighed in on ACHC. Jefferies Group LLC set a $60.00 price target on shares of Acadia Healthcare and gave the stock a buy rating in a research report on Wednesday, October 11th. BidaskClub cut shares of Acadia Healthcare from a hold rating to a sell rating in a research report on Friday, August 18th. Citigroup Inc. reduced their price target on shares of Acadia Healthcare from $61.00 to $44.00 and set a buy rating on the stock in a research report on Wednesday, October 25th. Zacks Investment Research cut shares of Acadia Healthcare from a buy rating to a hold rating in a research report on Tuesday, August 1st. Finally, Cantor Fitzgerald reduced their price target on shares of Acadia Healthcare from $48.00 to $39.00 and set a neutral rating on the stock in a research report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $47.46.

Acadia Healthcare (NASDAQ:ACHC) last released its earnings results on Tuesday, October 24th. The company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.07). Acadia Healthcare had a return on equity of 8.57% and a net margin of 6.07%. The business had revenue of $716.70 million for the quarter, compared to analyst estimates of $728.86 million. During the same period in the prior year, the firm posted $0.58 EPS. Acadia Healthcare’s revenue was down 2.4% on a year-over-year basis.

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In related news, Director Reeve B. Waud sold 984,075 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $50.69, for a total value of $49,882,761.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christopher L. Howard sold 53,713 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $50.69, for a total transaction of $2,722,711.97. Following the completion of the sale, the executive vice president now directly owns 147,286 shares in the company, valued at $7,465,927.34. The disclosure for this sale can be found here. Insiders sold a total of 1,826,040 shares of company stock worth $92,564,008 over the last ninety days. 11.10% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Teacher Retirement System of Texas lifted its position in Acadia Healthcare by 0.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 5,949 shares of the company’s stock valued at $294,000 after acquiring an additional 26 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its position in Acadia Healthcare by 0.9% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 17,798 shares of the company’s stock valued at $879,000 after acquiring an additional 160 shares in the last quarter. Pacer Advisors Inc. lifted its position in Acadia Healthcare by 2.2% in the 2nd quarter. Pacer Advisors Inc. now owns 10,365 shares of the company’s stock valued at $512,000 after acquiring an additional 226 shares in the last quarter. People s United Financial Inc. lifted its position in Acadia Healthcare by 3.4% in the 2nd quarter. People s United Financial Inc. now owns 7,459 shares of the company’s stock valued at $368,000 after acquiring an additional 242 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Acadia Healthcare by 11.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,704 shares of the company’s stock valued at $134,000 after acquiring an additional 270 shares in the last quarter.

About Acadia Healthcare

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.

Analyst Recommendations for Acadia Healthcare (NASDAQ:ACHC)

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