Insider Selling: William Grieco Sells 7,000 Shares of Acadia Healthcare Company Stock (ACHC)
Acadia Healthcare Company (NASDAQ:ACHC) Director William Grieco unloaded 7,000 shares of Acadia Healthcare Company stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $50.33, for a total value of $352,310.00. Following the completion of the transaction, the director now directly owns 34,284 shares in the company, valued at approximately $1,725,514. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
ACHC has been the subject of a number of recent research reports. 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 assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $53.57.
Acadia Healthcare Company (NASDAQ:ACHC) traded up 0.46% during mid-day trading on Thursday, hitting $50.26. 141,858 shares of the company’s stock traded hands. Acadia Healthcare Company has a 52 week low of $36.92 and a 52 week high of $53.87. The stock has a 50-day moving average of $47.61 and a 200-day moving average of $46.17. The company has a market cap of $3.006 billion and a price-to-earnings ratio of 41.14.
Acadia Healthcare Company (NASDAQ:ACHC) last posted its quarterly earnings results 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.
Acadia Healthcare Company, Inc is a provider of inpatient behavioral healthcare services in the United States.
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