Insider Selling: Acadia Healthcare Company CFO Sells 1,400 Shares of Stock (ACHC)
Acadia Healthcare Company (NASDAQ:ACHC) CFO David M. Duckworth unloaded 1,400 shares of Acadia Healthcare Company stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $48.79, for a total transaction of $68,306.00. Following the transaction, the chief financial officer now directly owns 26,185 shares of the company’s stock, valued at approximately $1,277,566. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Acadia Healthcare Company (NASDAQ:ACHC) traded up 1.87% on Wednesday, hitting $48.49. The stock had a trading volume of 251,663 shares. Acadia Healthcare Company has a 1-year low of $36.65 and a 1-year high of $53.87. The stock’s 50-day moving average is $47.04 and its 200-day moving average is $46.19. The company has a market cap of $2.900 billion and a P/E ratio of 39.14.
Acadia Healthcare Company (NASDAQ:ACHC) last released its earnings data on Tuesday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $213.80 million for the quarter, compared to the consensus estimate of $207.73 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, analysts predict that Acadia Healthcare Company will post $1.46 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on ACHC shares. Analysts at Zacks downgraded shares of Acadia Healthcare Company from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 5th. They now have a $53.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Acadia Healthcare Company from $54.00 to $58.00 in a research note on Friday, August 1st. Finally, analysts at Cantor Fitzgerald raised their price target on shares of Acadia Healthcare Company from $57.00 to $60.00 in a research note on Thursday, July 31st. They now have a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Acadia Healthcare Company has a consensus rating of “Buy” and a consensus target price of $53.57.
Acadia Healthcare Company, Inc is a provider of inpatient behavioral healthcare services in the United States.
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