Point72 Asia Singapore Pte. Ltd. Invests $59,000 in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 867 shares of the company’s stock, valued at approximately $59,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ACHC. Point72 Asset Management L.P. raised its position in shares of Acadia Healthcare by 266.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,270,340 shares of the company’s stock valued at $153,339,000 after purchasing an additional 1,650,040 shares during the last quarter. William Blair Investment Management LLC increased its position in shares of Acadia Healthcare by 20.7% in the 2nd quarter. William Blair Investment Management LLC now owns 3,515,464 shares of the company’s stock valued at $237,434,000 after acquiring an additional 604,070 shares during the period. Avidity Partners Management LP raised its stake in Acadia Healthcare by 61.8% in the 4th quarter. Avidity Partners Management LP now owns 1,156,692 shares of the company’s stock worth $89,944,000 after acquiring an additional 441,692 shares during the last quarter. Sea Cliff Partners Management LP purchased a new stake in Acadia Healthcare during the 4th quarter valued at about $26,338,000. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in shares of Acadia Healthcare by 67.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 733,505 shares of the company’s stock valued at $49,541,000 after purchasing an additional 296,625 shares during the period.

Acadia Healthcare Stock Performance

NASDAQ:ACHC opened at $63.28 on Monday. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of -452.00, a PEG ratio of 2.19 and a beta of 1.30. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.18 and a quick ratio of 1.18. The company’s 50-day moving average is $74.23 and its two-hundred day moving average is $71.62. Acadia Healthcare Company, Inc. has a 1-year low of $53.22 and a 1-year high of $87.77.

Acadia Healthcare (NASDAQ:ACHC) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. The firm had revenue of $796.00 million for the quarter, compared to analyst estimates of $784.38 million. Acadia Healthcare had a negative net margin of 0.17% and a positive return on equity of 11.42%. Acadia Healthcare’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 EPS. Analysts forecast that Acadia Healthcare Company, Inc. will post 3.51 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on ACHC. Royal Bank of Canada reissued an “outperform” rating and set a $94.00 price target on shares of Acadia Healthcare in a research report on Friday, September 20th. Cantor Fitzgerald reiterated a “neutral” rating and set a $90.00 price target on shares of Acadia Healthcare in a research report on Monday, August 19th. Barclays dropped their target price on shares of Acadia Healthcare from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Acadia Healthcare from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Acadia Healthcare currently has an average rating of “Moderate Buy” and an average target price of $87.44.

Acadia Healthcare Company 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.