Intech Investment Management LLC Purchases 94,033 Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Intech Investment Management LLC lifted its position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 666.1% in the 4th quarter, Holdings Channel reports. The fund owned 108,150 shares of the company’s stock after acquiring an additional 94,033 shares during the quarter. Intech Investment Management LLC’s holdings in Acadia Healthcare were worth $4,288,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ACHC. Wellington Management Group LLP raised its position in shares of Acadia Healthcare by 12.2% in the 3rd quarter. Wellington Management Group LLP now owns 11,658,253 shares of the company’s stock worth $739,250,000 after acquiring an additional 1,266,384 shares in the last quarter. Holocene Advisors LP increased its position in 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 buying an additional 649,997 shares in the last quarter. JPMorgan Chase & Co. increased its position in 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 buying an additional 454,044 shares in the last quarter. Beach Point Capital Management LP bought a new position in Acadia Healthcare during the 4th quarter valued at approximately $14,097,000. Finally, Bank of Montreal Can increased its position in 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 buying an additional 311,871 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ACHC shares. Royal Bank of Canada reduced their price objective on Acadia Healthcare from $64.00 to $43.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft raised Acadia Healthcare from a “hold” rating to a “buy” rating and raised their price objective for the company from $45.00 to $75.00 in a research report on Thursday, December 12th. Barclays lowered Acadia Healthcare from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $43.00 to $35.00 in a research report on Friday, February 28th. Bank of America cut their target price on Acadia Healthcare from $50.00 to $44.50 and set a “buy” rating on the stock in a research note on Friday, February 28th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $52.00 target price on shares of Acadia Healthcare in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $56.31.

Acadia Healthcare Stock Performance

Shares of ACHC opened at $29.14 on Wednesday. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 9.55, a P/E/G ratio of 1.46 and a beta of 1.38. Acadia Healthcare Company, Inc. has a 12 month low of $27.61 and a 12 month high of $82.41. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.60. The business’s fifty day simple moving average is $39.52 and its two-hundred day simple moving average is $47.57.

About Acadia Healthcare

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.