Congress Asset Management Co. Raises Stock Position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Congress Asset Management Co. boosted its position in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 17.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 139,189 shares of the company’s stock after acquiring an additional 20,248 shares during the period. Congress Asset Management Co.’s holdings in Acadia Healthcare were worth $5,519,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its holdings in shares of Acadia Healthcare by 40.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,040 shares of the company’s stock valued at $41,000 after acquiring an additional 301 shares in the last quarter. Atria Investments Inc increased 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 in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Acadia Healthcare by 2.4% in the fourth quarter. Pacer Advisors Inc. now owns 13,847 shares of the company’s stock worth $549,000 after buying an additional 325 shares during the last quarter. KBC Group NV lifted its stake in shares of Acadia Healthcare by 14.4% during the third quarter. KBC Group NV now owns 2,688 shares of the company’s stock worth $170,000 after buying an additional 338 shares during the period. Finally, Tidal Investments LLC grew its holdings in shares of Acadia Healthcare by 7.9% during the third quarter. Tidal Investments LLC now owns 4,664 shares of the company’s stock valued at $296,000 after buying an additional 340 shares during the last quarter.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ACHC shares. TD Cowen lowered their price target on Acadia Healthcare from $70.00 to $66.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. StockNews.com downgraded Acadia Healthcare from a “hold” rating to a “sell” rating in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised shares of Acadia Healthcare from a “hold” rating to a “buy” rating and increased their target price for the stock from $45.00 to $75.00 in a research note on Thursday, December 12th. Royal Bank of Canada restated an “outperform” rating and issued a $64.00 price target on shares of Acadia Healthcare in a research report on Friday, January 10th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $52.00 price objective on shares of Acadia Healthcare in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Acadia Healthcare presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.22.

Acadia Healthcare Trading Down 1.7 %

NASDAQ ACHC opened at $41.06 on Tuesday. 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 has a market capitalization of $3.81 billion, a P/E ratio of 13.46, a P/E/G ratio of 1.75 and a beta of 1.30. Acadia Healthcare Company, Inc. has a 52-week low of $36.50 and a 52-week high of $87.77. The firm has a 50-day moving average price of $42.09 and a 200 day moving average price of $53.67.

Acadia Healthcare 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.