Dark Forest Capital Management LP Has $262,000 Stock Position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Dark Forest Capital Management LP lessened its stake in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 70.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,884 shares of the company’s stock after selling 9,277 shares during the period. Dark Forest Capital Management LP’s holdings in Acadia Healthcare were worth $262,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Franklin Resources Inc. grew its holdings in shares of Acadia Healthcare by 30.2% during the fourth quarter. Franklin Resources Inc. now owns 16,632 shares of the company’s stock valued at $1,293,000 after buying an additional 3,856 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Acadia Healthcare by 463.3% in the 4th quarter. Hsbc Holdings PLC now owns 53,797 shares of the company’s stock valued at $4,188,000 after purchasing an additional 44,247 shares during the period. Treasurer of the State of North Carolina lifted its position in shares of Acadia Healthcare by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 39,776 shares of the company’s stock worth $3,093,000 after purchasing an additional 390 shares in the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of Acadia Healthcare during the fourth quarter worth approximately $204,000. Finally, The Manufacturers Life Insurance Company grew its position in Acadia Healthcare by 10.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 382,946 shares of the company’s stock valued at $29,778,000 after purchasing an additional 35,777 shares in the last quarter.

Wall Street Analyst Weigh In

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

Acadia Healthcare Price Performance

Shares of Acadia Healthcare stock opened at $63.28 on Monday. Acadia Healthcare Company, Inc. has a 1-year low of $53.22 and a 1-year high of $87.77. The firm has a fifty day simple moving average of $74.23 and a 200-day simple moving average of $71.62. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.60. The stock 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.

Acadia Healthcare (NASDAQ:ACHC) last issued its quarterly earnings results 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. Acadia Healthcare had a positive return on equity of 11.42% and a negative net margin of 0.17%. The company had revenue of $796.00 million for the quarter, compared to the consensus estimate of $784.38 million. During the same period last year, the business posted $0.92 earnings per share. The firm’s revenue was up 8.8% compared to the same quarter last year. On average, sell-side analysts expect that Acadia Healthcare Company, Inc. will post 3.51 earnings per share for the current year.

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.