Amalgamated Bank Lowers Stock Position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Amalgamated Bank cut its position in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 5.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,218 shares of the company’s stock after selling 2,585 shares during the quarter. Amalgamated Bank’s holdings in Acadia Healthcare were worth $2,804,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted 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. GAMMA Investing LLC lifted its holdings in Acadia Healthcare by 57.1% during the third quarter. GAMMA Investing LLC now owns 663 shares of the company’s stock worth $42,000 after acquiring an additional 241 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Acadia Healthcare in the second quarter worth $59,000. DekaBank Deutsche Girozentrale bought a new position in Acadia Healthcare in the 3rd quarter valued at $86,000. Finally, nVerses Capital LLC purchased a new stake in shares of Acadia Healthcare during the 2nd quarter valued at $95,000.

Acadia Healthcare Stock Down 3.0 %

Shares of NASDAQ ACHC opened at $40.82 on Monday. 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 company has a market cap of $3.79 billion, a P/E ratio of 13.38, a P/E/G ratio of 1.88 and a beta of 1.33. Acadia Healthcare Company, Inc. has a 52 week low of $40.79 and a 52 week high of $87.77. The business has a 50-day simple moving average of $61.96 and a two-hundred day simple moving average of $66.75.

Acadia Healthcare (NASDAQ:ACHC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. The company had revenue of $815.60 million during the quarter, compared to analyst estimates of $819.42 million. Acadia Healthcare had a net margin of 8.99% and a return on equity of 11.12%. Acadia Healthcare’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the business earned $0.91 earnings per share. Research analysts anticipate that Acadia Healthcare Company, Inc. will post 3.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ACHC shares. KeyCorp initiated coverage on shares of Acadia Healthcare in a research report on Friday, October 11th. They set a “sector weight” rating for the company. Deutsche Bank Aktiengesellschaft raised their price target on shares of Acadia Healthcare from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Barclays dropped their price objective on Acadia Healthcare from $83.00 to $76.00 and set an “overweight” rating on the stock in a research note on Monday, September 30th. Royal Bank of Canada restated an “outperform” rating and issued a $94.00 target price on shares of Acadia Healthcare in a research note on Friday, September 20th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $90.00 price target on shares of Acadia Healthcare in a research note on Tuesday, October 1st. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.67.

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.