Acadia Healthcare (NASDAQ:ACHC) Upgraded at StockNews.com

StockNews.com upgraded shares of Acadia Healthcare (NASDAQ:ACHC) from a sell rating to a hold rating in a research note issued to investors on Thursday.

Several other research analysts have also weighed in on the company. KeyCorp started coverage on Acadia Healthcare in a research report on Friday, October 11th. They issued a “sector weight” rating on the stock. 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. Cantor Fitzgerald restated a “neutral” rating and set a $90.00 target price on shares of Acadia Healthcare in a research note on Tuesday, October 1st. Royal Bank of Canada restated an “outperform” rating and issued a $94.00 price target on shares of Acadia Healthcare in a research note on Friday, September 20th. Finally, Barclays lowered their price objective on Acadia Healthcare from $83.00 to $76.00 and set an “overweight” rating for the company in a report on Monday, September 30th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.67.

Acadia Healthcare Stock Down 3.9 %

Shares of NASDAQ:ACHC opened at $37.82 on Thursday. The company has a market capitalization of $3.51 billion, a P/E ratio of 12.40, a P/E/G ratio of 1.76 and a beta of 1.33. 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 stock’s fifty day simple moving average is $58.05 and its 200-day simple moving average is $65.60. Acadia Healthcare has a 52-week low of $37.78 and a 52-week high of $87.77.

Acadia Healthcare (NASDAQ:ACHC) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $819.42 million. During the same period in the previous year, the firm posted $0.91 EPS. Acadia Healthcare’s revenue was up 8.7% on a year-over-year basis. As a group, equities research analysts forecast that Acadia Healthcare will post 3.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Acadia Healthcare

A number of hedge funds have recently added to or reduced their stakes in ACHC. GAMMA Investing LLC grew its position in Acadia Healthcare by 57.1% in the 3rd quarter. GAMMA Investing LLC now owns 663 shares of the company’s stock valued at $42,000 after buying an additional 241 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Acadia Healthcare by 86.1% in the second quarter. Blue Trust Inc. now owns 536 shares of the company’s stock worth $36,000 after buying an additional 248 shares during the period. Commonwealth Equity Services LLC increased its position in shares of Acadia Healthcare by 3.5% in the second quarter. Commonwealth Equity Services LLC now owns 7,595 shares of the company’s stock worth $513,000 after acquiring an additional 257 shares in the last quarter. Atria Investments Inc raised its stake in Acadia Healthcare by 4.7% during the 3rd quarter. Atria Investments Inc now owns 6,844 shares of the company’s stock valued at $434,000 after purchasing an additional 308 shares during the period. Finally, KBC Group NV lifted its stake in Acadia Healthcare by 14.4% in the 3rd quarter. KBC Group NV now owns 2,688 shares of the company’s stock worth $170,000 after acquiring an additional 338 shares in the last quarter.

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.