Atika Capital Management LLC bought a new stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 122,600 shares of the company’s stock, valued at approximately $2,868,000.
Several other large investors have also recently made changes to their positions in ACHC. EverSource Wealth Advisors LLC grew its position in shares of Acadia Healthcare by 54.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,404 shares of the company’s stock valued at $32,000 after purchasing an additional 497 shares in the last quarter. Wells Fargo & Company MN lifted its position in Acadia Healthcare by 208.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,233 shares of the company’s stock worth $32,000 after buying an additional 1,510 shares in the last quarter. Bayforest Capital Ltd acquired a new position in Acadia Healthcare during the fourth quarter worth $52,000. GAMMA Investing LLC grew its holdings in Acadia Healthcare by 124.7% in the 4th quarter. GAMMA Investing LLC now owns 4,862 shares of the company’s stock valued at $69,000 after buying an additional 2,698 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of Acadia Healthcare by 4,264.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 5,325 shares of the company’s stock valued at $76,000 after acquiring an additional 5,203 shares during the last quarter.
Acadia Healthcare Trading Down 2.2%
Shares of NASDAQ:ACHC opened at $34.01 on Friday. Acadia Healthcare Company, Inc. has a 52 week low of $11.43 and a 52 week high of $35.83. The company’s 50 day moving average is $27.46 and its two-hundred day moving average is $23.10. The company has a market cap of $3.13 billion, a PE ratio of -2.78, a P/E/G ratio of 11.60 and a beta of 0.64. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 1.27.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Raymond James Financial upgraded shares of Acadia Healthcare from an “outperform” rating to a “strong-buy” rating and set a $39.00 price target for the company in a report on Monday, May 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Acadia Healthcare in a research note on Friday, June 12th. UBS Group lifted their target price on Acadia Healthcare from $31.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Cantor Fitzgerald upped their price target on Acadia Healthcare from $20.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Finally, Barclays increased their price target on Acadia Healthcare from $20.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Acadia Healthcare presently has an average rating of “Hold” and an average price target of $28.69.
View Our Latest Analysis on ACHC
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.
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