New York State Common Retirement Fund cut its position in Acadia Healthcare Company Inc (NASDAQ:ACHC) by 9.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 253,512 shares of the company’s stock after selling 25,047 shares during the quarter. New York State Common Retirement Fund owned about 0.29% of Acadia Healthcare worth $6,518,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. Retirement Systems of Alabama increased its stake in Acadia Healthcare by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 114,377 shares of the company’s stock valued at $2,941,000 after buying an additional 353 shares during the period. Xact Kapitalforvaltning AB grew its stake in shares of Acadia Healthcare by 2.8% in the 4th quarter. Xact Kapitalforvaltning AB now owns 14,574 shares of the company’s stock worth $375,000 after purchasing an additional 400 shares during the last quarter. BB&T Corp grew its stake in shares of Acadia Healthcare by 0.9% in the 4th quarter. BB&T Corp now owns 53,635 shares of the company’s stock worth $1,379,000 after purchasing an additional 455 shares during the last quarter. Virginia Retirement Systems ET AL grew its stake in shares of Acadia Healthcare by 3.3% in the 4th quarter. Virginia Retirement Systems ET AL now owns 15,800 shares of the company’s stock worth $406,000 after purchasing an additional 500 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Acadia Healthcare by 11.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,125 shares of the company’s stock worth $157,000 after purchasing an additional 624 shares during the last quarter.
ACHC stock opened at $30.59 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.35. The company has a market cap of $2.66 billion, a P/E ratio of 13.66, a P/E/G ratio of 1.67 and a beta of 0.65. Acadia Healthcare Company Inc has a 52 week low of $24.27 and a 52 week high of $45.35.
Several equities analysts have recently issued reports on ACHC shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Acadia Healthcare in a research note on Monday, November 26th. BidaskClub cut shares of Acadia Healthcare from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 1st. Zacks Investment Research upgraded shares of Acadia Healthcare from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Mizuho set a $30.00 price target on shares of Acadia Healthcare and gave the stock a “hold” rating in a report on Friday, January 25th. Finally, Citigroup decreased their price target 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 a consensus rating of “Hold” and an average target price 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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