Acadia Healthcare (NASDAQ:ACHC) Stock Price Up 3.5% – Here’s What Happened

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) rose 3.5% on Wednesday . The company traded as high as $29.63 and last traded at $29.83. Approximately 136,794 shares changed hands during trading, a decline of 90% from the average daily volume of 1,333,360 shares. The stock had previously closed at $28.81.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Bank of America cut their target price on Acadia Healthcare from $50.00 to $44.50 and set a “buy” rating for the company in a research note on Friday, February 28th. Barclays cut shares of Acadia Healthcare from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $43.00 to $35.00 in a research report on Friday, February 28th. KeyCorp decreased their target price on shares of Acadia Healthcare from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Cantor Fitzgerald restated a “neutral” rating and set a $52.00 price target on shares of Acadia Healthcare in a report on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded Acadia Healthcare from a “hold” rating to a “buy” rating and increased their price objective for the stock from $45.00 to $75.00 in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $52.19.

Acadia Healthcare Stock Performance

The stock has a market capitalization of $2.75 billion, a PE ratio of 9.67, a P/E/G 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. The firm’s 50 day moving average is $37.92 and its two-hundred day moving average is $45.82.

Institutional Trading of Acadia Healthcare

Large investors have recently modified their holdings of the stock. Lindbrook Capital LLC increased 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 worth $29,000 after purchasing an additional 671 shares during the period. Blue Trust Inc. grew its position in shares of Acadia Healthcare by 69.4% during the fourth quarter. Blue Trust Inc. now owns 842 shares of the company’s stock worth $33,000 after buying an additional 345 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Acadia Healthcare by 40.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,040 shares of the company’s stock worth $41,000 after buying an additional 301 shares during the period. Signaturefd LLC raised its holdings in Acadia Healthcare by 460.6% in the fourth quarter. Signaturefd LLC now owns 1,222 shares of the company’s stock valued at $48,000 after acquiring an additional 1,004 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in Acadia Healthcare by 56.0% in the fourth quarter. Fifth Third Bancorp now owns 1,264 shares of the company’s stock worth $50,000 after acquiring an additional 454 shares during the last quarter.

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.