William Blair Investment Management LLC Decreases Stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

William Blair Investment Management LLC lessened its position in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 0.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,628,043 shares of the company’s stock after selling 1,661 shares during the quarter. William Blair Investment Management LLC’s holdings in Acadia Healthcare were worth $143,852,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP increased its stake in shares of Acadia Healthcare by 12.2% during the 3rd quarter. Wellington Management Group LLP now owns 11,658,253 shares of the company’s stock valued at $739,250,000 after acquiring an additional 1,266,384 shares during the last quarter. Holocene Advisors LP raised its position in shares of Acadia Healthcare by 201.5% during the 3rd quarter. Holocene Advisors LP now owns 972,513 shares of the company’s stock valued at $61,667,000 after acquiring an additional 649,997 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Acadia Healthcare by 17.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,126,607 shares of the company’s stock valued at $198,258,000 after acquiring an additional 454,044 shares in the last quarter. Beach Point Capital Management LP acquired a new stake in shares of Acadia Healthcare during the 4th quarter valued at approximately $14,097,000. Finally, Bank of Montreal Can raised its position in shares of Acadia Healthcare by 2,456.1% during the 3rd quarter. Bank of Montreal Can now owns 324,569 shares of the company’s stock valued at $20,539,000 after acquiring an additional 311,871 shares in the last quarter.

Wall Street Analysts Forecast Growth

ACHC has been the topic of several research reports. Bank of America dropped their price target on Acadia Healthcare from $50.00 to $44.50 and set a “buy” rating on the stock in a research report on Friday, February 28th. Barclays lowered Acadia Healthcare from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $43.00 to $35.00 in a research report on Friday, February 28th. TD Cowen cut their target price on Acadia Healthcare from $70.00 to $66.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded Acadia Healthcare from a “hold” rating to a “buy” rating and raised their target price for the company from $45.00 to $75.00 in a research note on Thursday, December 12th. Finally, Royal Bank of Canada cut their target price on Acadia Healthcare from $64.00 to $43.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $56.31.

Acadia Healthcare Price Performance

Shares of ACHC opened at $28.54 on Monday. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 1.46 and a beta of 1.38. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.07 and a current ratio of 1.07. Acadia Healthcare Company, Inc. has a one year low of $27.61 and a one year high of $82.40. The stock’s fifty day moving average is $40.15 and its 200-day moving average is $48.31.

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.