Bank of America Corp DE Sells 92,352 Shares of Acadia Healthcare Company Inc (ACHC)

Bank of America Corp DE reduced its position in Acadia Healthcare Company Inc (NASDAQ:ACHC) by 22.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,708 shares of the company’s stock after selling 92,352 shares during the quarter. Bank of America Corp DE’s holdings in Acadia Healthcare were worth $8,400,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ACHC. Advisor Group Inc. raised its holdings in Acadia Healthcare by 23.9% in the fourth quarter. Advisor Group Inc. now owns 3,039 shares of the company’s stock worth $78,000 after purchasing an additional 587 shares in the last quarter. Pearl River Capital LLC bought a new position in Acadia Healthcare in the fourth quarter worth about $92,000. Ffcm LLC raised its holdings in Acadia Healthcare by 183.6% in the fourth quarter. Ffcm LLC now owns 4,697 shares of the company’s stock worth $121,000 after purchasing an additional 3,041 shares in the last quarter. NumerixS Investment Technologies Inc bought a new position in Acadia Healthcare in the fourth quarter worth about $156,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Acadia Healthcare by 11.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,125 shares of the company’s stock worth $157,000 after purchasing an additional 624 shares in the last quarter.

ACHC opened at $29.31 on Tuesday. Acadia Healthcare Company Inc has a 52-week low of $24.27 and a 52-week high of $45.35. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $2.59 billion, a PE ratio of 13.08, a P/E/G ratio of 1.66 and a beta of 0.67.

A number of equities analysts have commented on ACHC shares. BidaskClub upgraded shares of Acadia Healthcare from a “strong sell” rating to a “sell” rating in a report on Friday, January 11th. Mizuho set a $30.00 target price on shares of Acadia Healthcare and gave the stock a “hold” rating in a report on Friday, January 25th. TheStreet downgraded shares of Acadia Healthcare from a “c” rating to a “d” rating in a report on Friday, March 1st. Deutsche Bank started coverage on shares of Acadia Healthcare in a report on Thursday, January 3rd. They issued a “hold” rating and a $27.00 target price for the company. Finally, Citigroup reduced their target price on shares of Acadia Healthcare from $43.00 to $38.00 and set a “buy” rating for the company in a report on Monday, March 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $37.20.

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About Acadia Healthcare

Acadia Healthcare Company, Inc develops and operates inpatient psychiatric facilities, residential treatment centers, group homes, substance abuse facilities, and outpatient behavioral healthcare facilities to serve the behavioral health and recovery needs of communities. The company operates acute inpatient psychiatric facilities, which offer evaluation and crisis stabilization of patients with severe psychiatric diagnoses; specialty treatment facilities, including residential recovery facilities, eating disorder facilities, and comprehensive treatment centers that provide continuum care for adults with addictive disorders and co-occurring mental disorders; and residential treatment centers, which treat patients with behavioral disorders in a non-hospital setting, including outdoor programs.

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

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