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Acadia Healthcare Company (NASDAQ:ACHC) major shareholder Norman King Carter III sold 10,896 shares of the company’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $42.04, for a total value of $458,067.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

A number of analysts have recently weighed in on ACHC shares. Analysts at Ned Davis Research upgraded shares of Acadia Healthcare Company from a “sell” rating to a “neutral” rating in a research note on Monday, April 21st. Separately, analysts at Cantor Fitzgerald raised their price target on shares of Acadia Healthcare Company from $52.00 to $57.00 in a research note on Tuesday, March 4th. Finally, analysts at BMO Capital Markets reiterated a “positive” rating on shares of Acadia Healthcare Company in a research note on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $48.79.

Acadia Healthcare Company (NASDAQ:ACHC) traded down 1.33% during mid-day trading on Thursday, hitting $41.46. 856,021 shares of the company’s stock traded hands. Acadia Healthcare Company has a 1-year low of $30.70 and a 1-year high of $53.87. The stock has a 50-day moving average of $44.05 and a 200-day moving average of $46.2. The company has a market cap of $2.096 billion and a price-to-earnings ratio of 49.67.

Acadia Healthcare Company (NASDAQ:ACHC) last announced its earnings results on Tuesday, April 29th. The company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $206.10 million for the quarter, compared to the consensus estimate of $194.83 million. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. On average, analysts predict that Acadia Healthcare Company will post $1.31 earnings per share for the current fiscal year.

Acadia Healthcare Company, Inc is a provider of inpatient behavioral healthcare services in the United States.

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