Acadia Healthcare (NASDAQ:ACHC) Trading Down 3.5% – Here’s What Happened

Acadia Healthcare Company, Inc. (NASDAQ:ACHC)’s share price fell 3.5% during mid-day trading on Friday . The stock traded as low as $25.98 and last traded at $26.12. 1,141,844 shares traded hands during trading, a decline of 22% from the average session volume of 1,463,836 shares. The stock had previously closed at $27.08.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Mizuho dropped their price objective on Acadia Healthcare from $48.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. StockNews.com lowered shares of Acadia Healthcare from a “hold” rating to a “sell” rating in a research note on Monday, January 6th. Guggenheim began coverage on shares of Acadia Healthcare in a report on Wednesday. They issued a “buy” rating and a $36.00 price objective for the company. 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 report on Thursday, December 12th. Finally, TD Cowen decreased their price target on Acadia Healthcare from $70.00 to $66.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.39.

Acadia Healthcare Trading Down 3.4 %

The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 1.07. The business’s 50 day simple moving average is $33.60 and its 200 day simple moving average is $41.53. The stock has a market cap of $2.43 billion, a P/E ratio of 8.57, a PEG ratio of 1.46 and a beta of 1.13.

Institutional Investors Weigh In On Acadia Healthcare

Several institutional investors and hedge funds have recently made changes to their positions in ACHC. Lindbrook Capital LLC lifted its holdings in Acadia Healthcare by 1,342.0% during the 4th quarter. Lindbrook Capital LLC now owns 721 shares of the company’s stock valued at $29,000 after purchasing an additional 671 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Acadia Healthcare by 69.4% in the 4th quarter. Blue Trust Inc. now owns 842 shares of the company’s stock worth $33,000 after acquiring an additional 345 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Acadia Healthcare by 40.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,040 shares of the company’s stock valued at $41,000 after purchasing an additional 301 shares in the last quarter. Signaturefd LLC raised its position in Acadia Healthcare by 460.6% in the 4th quarter. Signaturefd LLC now owns 1,222 shares of the company’s stock valued at $48,000 after purchasing an additional 1,004 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Acadia Healthcare by 287.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,258 shares of the company’s stock worth $50,000 after purchasing an additional 933 shares in the last quarter.

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.