Acadia Healthcare (NASDAQ:ACHC) Shares Down 3.5% Following Analyst Downgrade

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) dropped 3.5% during mid-day trading on Thursday after Mizuho lowered their price target on the stock from $22.00 to $17.00. Mizuho currently has a neutral rating on the stock. Acadia Healthcare traded as low as $14.15 and last traded at $14.0210. Approximately 576,593 shares changed hands during trading, a decline of 77% from the average daily volume of 2,463,338 shares. The stock had previously closed at $14.53.

A number of other research firms also recently weighed in on ACHC. Bank of America downgraded Acadia Healthcare from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $21.50 to $13.00 in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Acadia Healthcare from $33.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, December 3rd. Raymond James Financial set a $17.00 price target on shares of Acadia Healthcare in a research note on Wednesday, December 3rd. Guggenheim reduced their price objective on shares of Acadia Healthcare from $29.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Finally, Leerink Partnrs lowered shares of Acadia Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. Eight investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $22.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in shares of Acadia Healthcare by 676.4% during the second quarter. Allworth Financial LP now owns 1,351 shares of the company’s stock worth $31,000 after buying an additional 1,177 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Acadia Healthcare by 54.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,404 shares of the company’s stock worth $32,000 after acquiring an additional 497 shares during the last quarter. Hantz Financial Services Inc. grew its stake in Acadia Healthcare by 501.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock worth $54,000 after acquiring an additional 1,822 shares during the period. CWM LLC raised its holdings in Acadia Healthcare by 105.1% in the 2nd quarter. CWM LLC now owns 2,633 shares of the company’s stock valued at $60,000 after acquiring an additional 1,349 shares during the last quarter. Finally, Quent Capital LLC purchased a new position in shares of Acadia Healthcare during the 3rd quarter worth $71,000.

Acadia Healthcare Stock Down 0.1%

The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 3.56 and a beta of 0.91. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.73. The firm has a fifty day moving average price of $18.40 and a 200-day moving average price of $21.11.

Acadia Healthcare (NASDAQ:ACHC) last released its earnings results on Wednesday, November 5th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. Acadia Healthcare had a return on equity of 7.66% and a net margin of 3.29%.The firm had revenue of $851.57 million for the quarter, compared to the consensus estimate of $852.43 million. During the same period in the prior year, the business posted $0.91 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. Acadia Healthcare has set its FY 2025 guidance at 2.350-2.450 EPS. As a group, sell-side analysts forecast that Acadia Healthcare Company, Inc. will post 3.38 EPS for the current year.

Acadia Healthcare Company Profile

Acadia Healthcare Company, Inc (NASDAQ: ACHC) is a publicly traded provider of behavioral healthcare services headquartered in Franklin, Tennessee. Founded in 2005, the company has grown through organic expansion and strategic acquisitions to establish itself as a leading specialist in mental health and addiction treatment across the United States.

Acadia operates a diversified network of inpatient psychiatric hospitals, residential treatment centers, outpatient clinics and intensive outpatient programs.