Short Interest in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Expands By 20.0%

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 26,360,014 shares, an increase of 20.0% from the January 15th total of 21,965,300 shares. Based on an average trading volume of 4,378,165 shares, the days-to-cover ratio is currently 6.0 days. Currently, 29.2% of the company’s stock are short sold. Currently, 29.2% of the company’s stock are short sold. Based on an average trading volume of 4,378,165 shares, the days-to-cover ratio is currently 6.0 days.

Acadia Healthcare Stock Up 5.5%

Acadia Healthcare stock opened at $16.77 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.73. Acadia Healthcare has a 1-year low of $11.43 and a 1-year high of $42.85. The firm’s fifty day simple moving average is $14.02 and its 200-day simple moving average is $18.63. The company has a market capitalization of $1.55 billion, a P/E ratio of 14.33, a P/E/G ratio of 4.77 and a beta of 0.89.

Institutional Trading of Acadia Healthcare

Several large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its stake in shares of Acadia Healthcare by 54.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,404 shares of the company’s stock valued at $32,000 after acquiring an additional 497 shares in the last quarter. Federated Hermes Inc. grew its holdings in Acadia Healthcare by 1.5% during the fourth quarter. Federated Hermes Inc. now owns 43,913 shares of the company’s stock valued at $623,000 after purchasing an additional 668 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Acadia Healthcare by 2.8% in the third quarter. Public Employees Retirement System of Ohio now owns 31,335 shares of the company’s stock valued at $776,000 after purchasing an additional 867 shares during the period. Treasurer of the State of North Carolina raised its position in shares of Acadia Healthcare by 2.1% in the second quarter. Treasurer of the State of North Carolina now owns 42,502 shares of the company’s stock valued at $964,000 after purchasing an additional 867 shares during the period. Finally, Verdence Capital Advisors LLC lifted its stake in shares of Acadia Healthcare by 7.2% in the third quarter. Verdence Capital Advisors LLC now owns 15,715 shares of the company’s stock worth $361,000 after buying an additional 1,059 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have recently issued reports on ACHC shares. Leerink Partners lowered shares of Acadia Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. TD Cowen reiterated a “reduce” rating on shares of Acadia Healthcare in a research report on Friday, January 16th. UBS Group decreased their target price on shares of Acadia Healthcare from $28.00 to $24.00 and set a “buy” rating for the company in a research note on Wednesday, December 3rd. Bank of America downgraded shares of Acadia Healthcare from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $21.50 to $13.00 in a research note on Wednesday, December 3rd. Finally, Raymond James Financial set a $17.00 price objective on Acadia Healthcare in a research report on Wednesday, December 3rd. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $18.62.

About Acadia Healthcare

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.