Wellington Management Group LLP Has $465.28 Million Stock Position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Wellington Management Group LLP boosted its stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,734,743 shares of the company’s stock after purchasing an additional 76,490 shares during the quarter. Wellington Management Group LLP owned about 12.63% of Acadia Healthcare worth $465,283,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Lindbrook Capital LLC boosted its stake in Acadia Healthcare by 1,342.0% during the 4th quarter. Lindbrook Capital LLC now owns 721 shares of the company’s stock worth $29,000 after acquiring an additional 671 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Acadia Healthcare by 69.4% during the fourth quarter. Blue Trust Inc. now owns 842 shares of the company’s stock worth $33,000 after purchasing an additional 345 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Acadia Healthcare by 40.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,040 shares of the company’s stock valued at $41,000 after buying an additional 301 shares during the period. Signaturefd LLC raised its stake in Acadia Healthcare by 460.6% during the 4th quarter. Signaturefd LLC now owns 1,222 shares of the company’s stock worth $48,000 after buying an additional 1,004 shares during the period. Finally, Fifth Third Bancorp grew its stake in Acadia Healthcare by 56.0% in the fourth quarter. Fifth Third Bancorp now owns 1,264 shares of the company’s stock valued at $50,000 after acquiring an additional 454 shares during the period.

Acadia Healthcare Price Performance

Shares of NASDAQ ACHC opened at $30.32 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 1.07. The business has a 50-day moving average of $36.87 and a 200-day moving average of $44.50. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 1.46 and a beta of 1.38. Acadia Healthcare Company, Inc. has a fifty-two week low of $27.61 and a fifty-two week high of $82.41.

Wall Street Analysts Forecast Growth

ACHC has been the topic of several recent analyst reports. Mizuho cut their price objective on Acadia Healthcare from $48.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. KeyCorp reduced their price target on shares of Acadia Healthcare from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft upgraded shares of Acadia Healthcare from a “hold” rating to a “buy” rating and raised their price objective for the stock from $45.00 to $75.00 in a report on Thursday, December 12th. StockNews.com lowered shares of Acadia Healthcare from a “hold” rating to a “sell” rating in a research note on Monday, January 6th. Finally, TD Cowen dropped their price target on Acadia Healthcare from $70.00 to $66.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $52.19.

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.