Acadia Healthcare Company, Inc. (ACHC) Receives Consensus Recommendation of “Buy” from Analysts

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) has been given an average rating of “Buy” by the fifteen ratings firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $56.90.

Several research analysts have recently issued reports on ACHC shares. BidaskClub raised Acadia Healthcare from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. William Blair started coverage on Acadia Healthcare in a research note on Tuesday, July 18th. They set an “outperform” rating for the company. Mizuho lifted their price target on Acadia Healthcare from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. UBS AG reaffirmed a “positive” rating and set a $60.00 price target (up previously from $54.00) on shares of Acadia Healthcare in a research note on Monday, July 31st. Finally, Craig Hallum reaffirmed a “buy” rating and set a $65.00 price target (up previously from $52.00) on shares of Acadia Healthcare in a research note on Monday, July 31st.

In related news, insider Scott Schwieger sold 2,891 shares of Acadia Healthcare stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $52.85, for a total transaction of $152,789.35. Following the completion of the sale, the insider now owns 8,841 shares in the company, valued at approximately $467,246.85. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Reeve B. Waud sold 1,240,000 shares of Acadia Healthcare stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $51.72, for a total value of $64,132,800.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,085,693 shares of company stock valued at $157,729,099. 11.10% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Acadia Healthcare by 65.6% during the 2nd quarter. BlackRock Inc. now owns 8,523,077 shares of the company’s stock worth $420,871,000 after purchasing an additional 3,377,291 shares in the last quarter. Vanguard Group Inc. grew its holdings in Acadia Healthcare by 8.9% in the 2nd quarter. Vanguard Group Inc. now owns 6,254,532 shares of the company’s stock valued at $308,849,000 after buying an additional 511,299 shares during the period. Aristotle Capital Management LLC purchased a new stake in Acadia Healthcare in the 1st quarter valued at about $140,071,000. FMR LLC grew its holdings in Acadia Healthcare by 26.4% in the 2nd quarter. FMR LLC now owns 2,775,451 shares of the company’s stock valued at $137,052,000 after buying an additional 580,449 shares during the period. Finally, Frontier Capital Management Co. LLC grew its holdings in Acadia Healthcare by 11.5% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,328,063 shares of the company’s stock valued at $114,960,000 after buying an additional 240,975 shares during the period.

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Shares of Acadia Healthcare (NASDAQ:ACHC) opened at 43.62 on Thursday. The stock’s 50 day moving average is $46.33 and its 200-day moving average is $46.36. Acadia Healthcare has a 12-month low of $32.54 and a 12-month high of $54.34. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 479.34 and a beta of 1.07.

Acadia Healthcare (NASDAQ:ACHC) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.01. The business had revenue of $715.90 million during the quarter, compared to the consensus estimate of $717.38 million. Acadia Healthcare had a return on equity of 8.69% and a net margin of 0.30%. The business’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.73 EPS. Equities analysts anticipate that Acadia Healthcare will post $2.45 EPS for the current fiscal year.

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.

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