Acadia Healthcare Company, Inc. (ACHC) Earns “Buy” Rating from Craig Hallum

Craig Hallum reiterated their buy rating on shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) in a research report report published on Thursday morning, The Fly reports. They currently have a $41.00 target price on the stock, down from their prior target price of $65.00.

Other equities research analysts have also issued reports about the company. Jefferies Group LLC set a $60.00 price target on Acadia Healthcare and gave the stock a buy rating in a research note on Wednesday, October 11th. Deutsche Bank AG raised their price objective on Acadia Healthcare from $58.00 to $60.00 and gave the stock a buy rating in a report on Monday, July 31st. Mizuho raised their price objective on Acadia Healthcare from $57.00 to $60.00 and gave the stock a buy rating in a report on Friday, July 28th. BidaskClub upgraded Acadia Healthcare from a hold rating to a buy rating in a report on Saturday, July 1st. Finally, KeyCorp restated a buy rating and set a $59.00 price objective on shares of Acadia Healthcare in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $49.31.

Shares of Acadia Healthcare (NASDAQ ACHC) traded up 2.56% during midday trading on Thursday, reaching $33.25. The company had a trading volume of 2,443,911 shares. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 365.38 and a beta of 1.07. Acadia Healthcare has a 1-year low of $30.91 and a 1-year high of $54.34. The firm’s 50 day moving average price is $44.40 and its 200-day moving average price is $46.07.

Acadia Healthcare (NASDAQ:ACHC) last issued its quarterly earnings results on Tuesday, October 24th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.07). Acadia Healthcare had a return on equity of 8.57% and a net margin of 6.07%. The business had revenue of $716.70 million for the quarter, compared to the consensus estimate of $728.86 million. During the same period in the prior year, the business posted $0.58 earnings per share. Acadia Healthcare’s revenue was down 2.4% on a year-over-year basis. Equities research analysts expect that Acadia Healthcare will post $2.28 EPS for the current fiscal year.

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In other news, Director William Grieco sold 2,000 shares of Acadia Healthcare stock in a transaction on Friday, August 11th. The stock was sold at an average price of $51.71, for a total value of $103,420.00. Following the transaction, the director now directly owns 45,013 shares in the company, valued at approximately $2,327,622.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Schwieger sold 2,891 shares of Acadia Healthcare stock in a transaction on Monday, July 31st. The shares were sold at an average price of $52.85, for a total value of $152,789.35. Following the completion of the transaction, the insider now owns 8,841 shares in the company, valued at $467,246.85. The disclosure for this sale can be found here. Insiders sold a total of 3,085,693 shares of company stock worth $157,729,099 over the last quarter. Company insiders own 11.10% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Teacher Retirement System of Texas increased its holdings in shares of Acadia Healthcare by 0.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 5,949 shares of the company’s stock valued at $294,000 after acquiring an additional 26 shares during the period. Public Employees Retirement Association of Colorado increased its holdings in shares of Acadia Healthcare by 0.9% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 17,798 shares of the company’s stock valued at $879,000 after acquiring an additional 160 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Acadia Healthcare by 2.2% in the 2nd quarter. Pacer Advisors Inc. now owns 10,365 shares of the company’s stock valued at $512,000 after acquiring an additional 226 shares during the period. People s United Financial Inc. increased its holdings in shares of Acadia Healthcare by 3.4% in the 2nd quarter. People s United Financial Inc. now owns 7,459 shares of the company’s stock valued at $368,000 after acquiring an additional 242 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Acadia Healthcare by 11.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,704 shares of the company’s stock valued at $134,000 after acquiring an additional 270 shares during the period.

Acadia Healthcare Company Profile

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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