American International Group Inc. Has $9.67 Million Position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

American International Group Inc. reduced its position in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 2.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 122,047 shares of the company’s stock after selling 2,494 shares during the quarter. American International Group Inc.’s holdings in Acadia Healthcare were worth $9,669,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC acquired a new position in shares of Acadia Healthcare during the fourth quarter worth about $26,000. Mather Group LLC. acquired a new position in shares of Acadia Healthcare during the first quarter worth about $48,000. Fifth Third Bancorp boosted its position in shares of Acadia Healthcare by 25.5% during the fourth quarter. Fifth Third Bancorp now owns 670 shares of the company’s stock worth $52,000 after buying an additional 136 shares during the period. Headlands Technologies LLC raised its holdings in Acadia Healthcare by 422.3% during the fourth quarter. Headlands Technologies LLC now owns 1,828 shares of the company’s stock worth $142,000 after acquiring an additional 1,478 shares in the last quarter. Finally, Capstone Investment Advisors LLC bought a new position in Acadia Healthcare in the fourth quarter valued at approximately $204,000.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ACHC shares. Barclays dropped their price objective on Acadia Healthcare from $91.00 to $89.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft upgraded Acadia Healthcare from a “sell” rating to a “hold” rating and set a $70.00 target price for the company in a research report on Thursday, April 25th. Mizuho lowered their target price on Acadia Healthcare from $84.00 to $70.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. StockNews.com cut Acadia Healthcare from a “hold” rating to a “sell” rating in a research note on Tuesday, May 21st. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $90.00 target price on shares of Acadia Healthcare in a research note on Tuesday, July 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.56.

Acadia Healthcare Trading Down 0.7 %

Shares of ACHC stock traded down $0.47 during trading hours on Thursday, reaching $65.81. The company had a trading volume of 643,155 shares, compared to its average volume of 735,879. Acadia Healthcare Company, Inc. has a 12 month low of $62.04 and a 12 month high of $87.77. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.63. The business has a fifty day simple moving average of $66.90 and a 200-day simple moving average of $74.45.

Acadia Healthcare (NASDAQ:ACHC) last posted its earnings results on Thursday, May 2nd. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. Acadia Healthcare had a positive return on equity of 11.49% and a negative net margin of 0.38%. The company had revenue of $768.10 million for the quarter, compared to analyst estimates of $779.20 million. During the same quarter last year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts anticipate that Acadia Healthcare Company, Inc. will post 3.52 EPS for the current fiscal year.

Acadia Healthcare Profile

Acadia Healthcare Company, Inc provides behavioral healthcare services in the United States and Puerto Rico. The company develops and operates acute inpatient psychiatric facilities, specialty treatment facilities comprising residential recovery facilities and eating disorder facilities, comprehensive treatment centers, and residential treatment centers, as well as facilities offering outpatient behavioral healthcare services for the behavioral healthcare and recovery needs of communities.