Acadia Healthcare Company, Inc. (ACHC) Position Cut by Point72 Asset Management L.P.

Point72 Asset Management L.P. reduced its holdings in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 65.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,761 shares of the company’s stock after selling 370,539 shares during the period. Point72 Asset Management L.P. owned approximately 0.22% of Acadia Healthcare worth $9,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. BlackRock Inc. increased its holdings in shares of Acadia Healthcare by 65.6% in the second quarter. BlackRock Inc. now owns 8,523,077 shares of the company’s stock valued at $420,871,000 after purchasing an additional 3,377,291 shares during the period. Vanguard Group Inc. increased its holdings in shares of Acadia Healthcare by 8.9% in the second quarter. Vanguard Group Inc. now owns 6,254,532 shares of the company’s stock valued at $308,849,000 after purchasing an additional 511,299 shares during the period. FMR LLC increased its holdings in shares of Acadia Healthcare by 26.4% in the second quarter. FMR LLC now owns 2,775,451 shares of the company’s stock valued at $137,052,000 after purchasing an additional 580,449 shares during the period. Frontier Capital Management Co. LLC increased its holdings in shares of Acadia Healthcare by 10.2% in the third quarter. Frontier Capital Management Co. LLC now owns 2,565,442 shares of the company’s stock valued at $122,526,000 after purchasing an additional 237,379 shares during the period. Finally, William Blair Investment Management LLC increased its holdings in shares of Acadia Healthcare by 1,247.4% in the second quarter. William Blair Investment Management LLC now owns 2,128,972 shares of the company’s stock valued at $105,129,000 after purchasing an additional 1,970,965 shares during the period.

A number of research analysts have recently weighed in on ACHC shares. BMO Capital Markets started coverage on Acadia Healthcare in a report on Monday, October 16th. They issued an “outperform” rating and a $52.00 price objective on the stock. KeyCorp reissued a “buy” rating and issued a $59.00 price objective on shares of Acadia Healthcare in a report on Friday, October 20th. Mizuho set a $60.00 target price on Acadia Healthcare and gave the stock a “buy” rating in a report on Tuesday, October 24th. Zacks Investment Research lowered Acadia Healthcare from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Finally, Jefferies Group set a $60.00 target price on Acadia Healthcare and gave the stock a “buy” rating in a report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $45.08.

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) opened at $31.74 on Friday. The stock has a market capitalization of $2,788.49, a P/E ratio of 13.86, a price-to-earnings-growth ratio of 1.18 and a beta of 0.90. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 1.30. Acadia Healthcare Company, Inc. has a 1 year low of $26.92 and a 1 year high of $54.34.

Acadia Healthcare (NASDAQ:ACHC) last issued its quarterly earnings results on Tuesday, October 24th. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.07). The business had revenue of $716.70 million for the quarter, compared to analysts’ expectations of $728.86 million. Acadia Healthcare had a return on equity of 8.57% and a net margin of 6.07%. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.58 EPS. equities analysts forecast that Acadia Healthcare Company, Inc. will post 2.23 EPS for the current fiscal year.

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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.

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

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