Beach Point Capital Management LP Invests $14.10 Million in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Beach Point Capital Management LP bought a new stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 355,540 shares of the company’s stock, valued at approximately $14,097,000. Acadia Healthcare accounts for 1.5% of Beach Point Capital Management LP’s holdings, making the stock its 6th largest position.

Other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in shares of Acadia Healthcare by 12.2% during the 3rd quarter. Wellington Management Group LLP now owns 11,658,253 shares of the company’s stock worth $739,250,000 after buying an additional 1,266,384 shares in the last quarter. Holocene Advisors LP boosted its stake in Acadia Healthcare by 201.5% during the third quarter. Holocene Advisors LP now owns 972,513 shares of the company’s stock worth $61,667,000 after acquiring an additional 649,997 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Acadia Healthcare by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 3,126,607 shares of the company’s stock worth $198,258,000 after purchasing an additional 454,044 shares during the period. Bank of Montreal Can increased its stake in Acadia Healthcare by 2,456.1% in the third quarter. Bank of Montreal Can now owns 324,569 shares of the company’s stock valued at $20,539,000 after purchasing an additional 311,871 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Acadia Healthcare by 38.4% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,064,455 shares of the company’s stock valued at $42,206,000 after purchasing an additional 295,515 shares during the period.

Acadia Healthcare Price Performance

Shares of NASDAQ:ACHC opened at $41.75 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.60. The stock has a market cap of $3.88 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 1.75 and a beta of 1.30. The stock’s fifty day simple moving average is $42.09 and its two-hundred day simple moving average is $54.24. Acadia Healthcare Company, Inc. has a 1-year low of $36.50 and a 1-year high of $87.77.

Analyst Ratings Changes

Several analysts have recently commented on ACHC shares. TD Cowen reduced their target price on Acadia Healthcare from $70.00 to $66.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. StockNews.com cut Acadia Healthcare from a “hold” rating to a “sell” rating in a research note on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $64.00 target price on shares of Acadia Healthcare in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft raised shares of Acadia Healthcare from a “hold” rating to a “buy” rating and lifted their price target for the company from $45.00 to $75.00 in a research report on Thursday, December 12th. Finally, KeyCorp upgraded shares of Acadia Healthcare from a “sector weight” rating to an “overweight” rating and set a $70.00 price objective on the stock in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.22.

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.