Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Shares Sold by Iron Triangle Partners LP

Iron Triangle Partners LP lowered its stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 29.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 802,151 shares of the company’s stock after selling 335,124 shares during the quarter. Acadia Healthcare comprises approximately 7.0% of Iron Triangle Partners LP’s holdings, making the stock its 5th largest holding. Iron Triangle Partners LP owned 0.86% of Acadia Healthcare worth $50,864,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ACHC. Cetera Advisors LLC acquired a new stake in Acadia Healthcare in the first quarter valued at about $540,000. Harbor Capital Advisors Inc. purchased a new position in Acadia Healthcare during the second quarter worth about $800,000. SG Americas Securities LLC boosted its position in Acadia Healthcare by 435.6% during the second quarter. SG Americas Securities LLC now owns 18,227 shares of the company’s stock valued at $1,231,000 after buying an additional 14,824 shares during the period. DB Fitzpatrick & Co Inc lifted its position in shares of Acadia Healthcare by 75.0% in the 2nd quarter. DB Fitzpatrick & Co Inc now owns 24,087 shares of the company’s stock worth $1,627,000 after purchasing an additional 10,324 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Acadia Healthcare by 86.1% in the 2nd quarter. Blue Trust Inc. now owns 536 shares of the company’s stock worth $36,000 after buying an additional 248 shares during the last quarter.

Acadia Healthcare Stock Up 4.7 %

Shares of ACHC stock opened at $42.52 on Tuesday. The stock has a market cap of $3.95 billion, a P/E ratio of 13.94, a P/E/G ratio of 1.80 and a beta of 1.30. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.60. Acadia Healthcare Company, Inc. has a twelve month low of $36.50 and a twelve month high of $87.77. The stock has a 50 day moving average of $50.46 and a 200 day moving average of $63.48.

Acadia Healthcare (NASDAQ:ACHC) last posted its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.01. Acadia Healthcare had a return on equity of 11.12% and a net margin of 8.99%. The company had revenue of $815.60 million for the quarter, compared to analyst estimates of $819.42 million. During the same quarter in the prior year, the company earned $0.91 earnings per share. Acadia Healthcare’s revenue was up 8.7% compared to the same quarter last year. As a group, sell-side analysts expect that Acadia Healthcare Company, Inc. will post 3.38 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Cantor Fitzgerald restated a “neutral” rating and set a $90.00 target price on shares of Acadia Healthcare in a research report on Tuesday, October 1st. Royal Bank of Canada dropped their target price on shares of Acadia Healthcare from $94.00 to $64.00 and set an “outperform” rating on the stock in a research report on Monday, November 18th. KeyCorp assumed coverage on Acadia Healthcare in a report on Friday, October 11th. They set a “sector weight” rating on the stock. StockNews.com lowered shares of Acadia Healthcare from a “hold” rating to a “sell” rating in a research note on Friday, November 22nd. Finally, Barclays decreased their target price on Acadia Healthcare from $76.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $79.67.

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.