First Mercantile Trust Co. Buys 2,312 Shares of Acadia Healthcare Company Inc (ACHC)

First Mercantile Trust Co. raised its stake in shares of Acadia Healthcare Company Inc (NASDAQ:ACHC) by 20.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,450 shares of the company’s stock after buying an additional 2,312 shares during the quarter. First Mercantile Trust Co.’s holdings in Acadia Healthcare were worth $439,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ACHC. California Public Employees Retirement System raised its stake in Acadia Healthcare by 2.1% during the second quarter. California Public Employees Retirement System now owns 138,800 shares of the company’s stock valued at $6,854,000 after buying an additional 2,900 shares during the last quarter. Royal Bank of Canada raised its stake in Acadia Healthcare by 25.0% during the second quarter. Royal Bank of Canada now owns 19,306 shares of the company’s stock valued at $954,000 after buying an additional 3,856 shares during the last quarter. Shelton Capital Management purchased a new position in Acadia Healthcare during the second quarter valued at $289,000. State Street Corp raised its stake in Acadia Healthcare by 95.2% during the second quarter. State Street Corp now owns 1,998,030 shares of the company’s stock valued at $98,667,000 after buying an additional 974,524 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Acadia Healthcare by 4,354.5% during the second quarter. The Manufacturers Life Insurance Company now owns 112,564 shares of the company’s stock valued at $5,558,000 after buying an additional 110,037 shares during the last quarter.

In other news, Director Reeve B. Waud sold 100,000 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $31.80, for a total value of $3,180,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 11.10% of the stock is owned by insiders.

Acadia Healthcare Company Inc (NASDAQ:ACHC) opened at $33.72 on Friday. Acadia Healthcare Company Inc has a one year low of $26.92 and a one year high of $54.34. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $2,962.44, a price-to-earnings ratio of 14.72, a PEG ratio of 1.14 and a beta of 0.85.

ACHC has been the subject of a number of recent research reports. KeyCorp reiterated a “buy” rating and set a $59.00 price objective on shares of Acadia Healthcare in a research note on Friday, October 20th. Mizuho set a $60.00 price objective on Acadia Healthcare and gave the company a “buy” rating in a research note on Tuesday, October 24th. Craig Hallum reiterated a “buy” rating and set a $41.00 price objective (down previously from $65.00) on shares of Acadia Healthcare in a research note on Thursday, October 26th. Jefferies Group set a $42.00 price objective on Acadia Healthcare and gave the company a “buy” rating in a research note on Wednesday, October 25th. Finally, Citigroup lowered their price objective on Acadia Healthcare from $61.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $43.92.

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

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