Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Stock Holdings Increased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its holdings in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 0.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 369,053 shares of the company’s stock after buying an additional 955 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Acadia Healthcare were worth $24,926,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. grew its holdings 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 acquiring an additional 248 shares during the last quarter. Mather Group LLC. acquired a new position in shares of Acadia Healthcare in the 1st quarter valued at $48,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Acadia Healthcare in the 2nd quarter worth about $59,000. nVerses Capital LLC purchased a new stake in Acadia Healthcare during the second quarter valued at about $95,000. Finally, Innealta Capital LLC acquired a new position in shares of Acadia Healthcare in the second quarter worth about $164,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Cantor Fitzgerald restated a “neutral” rating and set a $90.00 price target on shares of Acadia Healthcare in a report on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $94.00 target price on shares of Acadia Healthcare in a research report on Friday, September 20th. Barclays dropped their price target on Acadia Healthcare from $83.00 to $76.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Acadia Healthcare from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued 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 target price of $86.67.

Acadia Healthcare Stock Performance

ACHC opened at $62.41 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market cap of $5.79 billion, a PE ratio of -445.79, a price-to-earnings-growth ratio of 2.19 and a beta of 1.30. The stock has a 50-day moving average of $74.12 and a 200-day moving average of $71.40. Acadia Healthcare Company, Inc. has a 52-week low of $53.22 and a 52-week high of $87.77.

Acadia Healthcare (NASDAQ:ACHC) last posted its earnings results on Wednesday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The business had revenue of $796.00 million for the quarter, compared to analyst estimates of $784.38 million. Acadia Healthcare had a negative net margin of 0.17% and a positive return on equity of 11.42%. Acadia Healthcare’s revenue was up 8.8% compared to the same quarter last year. During the same period last year, the business posted $0.92 EPS. As a group, equities research analysts forecast that Acadia Healthcare Company, Inc. will post 3.51 earnings per share for the current fiscal year.

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.