Acadia Healthcare (NASDAQ:ACHC) Hits New 12-Month Low – Here’s What Happened

Acadia Healthcare Company, Inc. (NASDAQ:ACHC)’s stock price reached a new 52-week low on Friday . The stock traded as low as $41.11 and last traded at $41.34, with a volume of 115133 shares trading hands. The stock had previously closed at $42.08.

Analysts Set New Price Targets

A number of analysts have commented on ACHC shares. StockNews.com raised Acadia Healthcare from a “sell” rating to a “hold” rating in a report on Monday. Barclays dropped their price target on Acadia Healthcare from $83.00 to $76.00 and set an “overweight” rating for the company in a research note on Monday, September 30th. KeyCorp began coverage on shares of Acadia Healthcare in a research report on Friday, October 11th. They issued a “sector weight” rating on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on Acadia Healthcare from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $94.00 target price on shares of Acadia Healthcare in a report on Friday, September 20th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Acadia Healthcare has an average rating of “Moderate Buy” and a consensus price target of $86.67.

Acadia Healthcare Stock Down 2.3 %

The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.60. The business has a 50 day moving average price of $62.78 and a 200 day moving average price of $67.01. The stock has a market cap of $3.82 billion, a PE ratio of 13.80, a P/E/G ratio of 1.87 and a beta of 1.33.

Acadia Healthcare (NASDAQ:ACHC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.90 by $0.01. Acadia Healthcare had a net margin of 8.99% and a return on equity of 11.12%. The company had revenue of $815.60 million during the quarter, compared to analyst estimates of $819.42 million. During the same quarter in the previous year, the firm earned $0.91 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. Equities research analysts expect that Acadia Healthcare Company, Inc. will post 3.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Acadia Healthcare

Large investors have recently bought and sold shares of the business. Phocas Financial Corp. grew its position in Acadia Healthcare by 36.0% during the 3rd quarter. Phocas Financial Corp. now owns 72,225 shares of the company’s stock worth $4,580,000 after purchasing an additional 19,123 shares during the last quarter. LMR Partners LLP acquired a new position in Acadia Healthcare during the third quarter worth about $1,616,000. Vaughan Nelson Investment Management L.P. increased its position in shares of Acadia Healthcare by 4.8% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 768,940 shares of the company’s stock valued at $48,758,000 after buying an additional 35,435 shares in the last quarter. Natixis Advisors LLC lifted its stake in Acadia Healthcare by 10.3% in the 3rd quarter. Natixis Advisors LLC now owns 193,989 shares of the company’s stock valued at $12,301,000 after buying an additional 18,094 shares in the last quarter. Finally, Sivik Global Healthcare LLC boosted its stake in shares of Acadia Healthcare by 43.7% during the 3rd quarter. Sivik Global Healthcare LLC now owns 115,000 shares of the company’s stock worth $7,292,000 after purchasing an additional 34,997 shares during the last quarter.

About Acadia Healthcare

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.