NJ State Employees Deferred Compensation Plan Buys New Position in Acadia Healthcare Company, Inc. (ACHC)

NJ State Employees Deferred Compensation Plan bought a new position in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,000 shares of the company’s stock, valued at approximately $478,000.

A number of other hedge funds have also bought and sold shares of the stock. Teacher Retirement System of Texas lifted its stake in Acadia Healthcare by 0.4% during the second quarter. Teacher Retirement System of Texas now owns 5,949 shares of the company’s stock worth $294,000 after purchasing an additional 26 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in Acadia Healthcare by 0.9% during the second quarter. Public Employees Retirement Association of Colorado now owns 17,798 shares of the company’s stock worth $879,000 after purchasing an additional 160 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Acadia Healthcare by 2.2% during the second quarter. Pacer Advisors Inc. now owns 10,365 shares of the company’s stock worth $512,000 after purchasing an additional 226 shares during the last quarter. People s United Financial Inc. lifted its stake in Acadia Healthcare by 3.4% during the second quarter. People s United Financial Inc. now owns 7,459 shares of the company’s stock worth $368,000 after purchasing an additional 242 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Acadia Healthcare by 11.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,704 shares of the company’s stock worth $134,000 after purchasing an additional 270 shares during the last quarter.

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In other news, Director William Grieco sold 2,000 shares of the business’s stock in a transaction that occurred 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 owns 45,013 shares of the company’s stock, valued at $2,327,622.23. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Ronald Morgan Fincher sold 80,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $50.69, for a total value of $4,055,200.00. Following the completion of the transaction, the chief operating officer now directly owns 59,071 shares in the company, valued at approximately $2,994,308.99. The disclosure for this sale can be found here. In the last three months, insiders sold 1,826,040 shares of company stock worth $92,564,008. Corporate insiders own 11.10% of the company’s stock.

Acadia Healthcare Company, Inc. (ACHC) opened at $29.95 on Friday. The firm has a market cap of $2.68 billion, a PE ratio of 13.33, a P/E/G ratio of 1.13 and a beta of 0.89. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.30.

Acadia Healthcare (NASDAQ:ACHC) last released its 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). The company had revenue of $716.70 million during the quarter, compared to analyst estimates of $728.86 million. Acadia Healthcare had a net margin of 6.07% and a return on equity of 8.57%. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.58 EPS. research analysts anticipate that Acadia Healthcare Company, Inc. will post 2.23 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on the company. BMO Capital Markets decreased their target price on Acadia Healthcare from $52.00 to $48.00 and set an “outperform” rating for the company in a research note on Thursday, October 26th. Credit Suisse Group assumed coverage on Acadia Healthcare in a research note on Thursday. They set a “neutral” rating and a $35.00 target price for the company. Jefferies Group LLC set a $42.00 target price on Acadia Healthcare and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Mizuho cut Acadia Healthcare from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a research note on Sunday, October 29th. Finally, Robert W. Baird cut Acadia Healthcare from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $55.00 to $38.00 in a research note on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. Acadia Healthcare currently has a consensus rating of “Hold” and a consensus price target of $45.15.

Acadia Healthcare 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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Institutional Ownership by Quarter for Acadia Healthcare (NASDAQ:ACHC)

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