Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Short Interest Up 13.1% in September

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 4,220,000 shares, an increase of 13.1% from the September 15th total of 3,730,000 shares. Based on an average daily volume of 1,270,000 shares, the short-interest ratio is currently 3.3 days.

Acadia Healthcare Trading Up 0.1 %

Shares of Acadia Healthcare stock opened at $56.96 on Wednesday. Acadia Healthcare has a 1 year low of $53.22 and a 1 year high of $87.77. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market cap of $5.28 billion, a PE ratio of -406.86, a price-to-earnings-growth ratio of 1.57 and a beta of 1.29. The firm has a fifty day moving average price of $71.64 and a 200 day moving average price of $69.88.

Acadia Healthcare (NASDAQ:ACHC) last issued its earnings results on Wednesday, July 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $796.00 million for the quarter, compared to the consensus estimate of $784.38 million. During the same quarter in the prior year, the business earned $0.92 earnings per share. The company’s revenue was up 8.8% compared to the same quarter last year. Equities research analysts predict that Acadia Healthcare will post 3.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ACHC. Barclays lowered their price objective on Acadia Healthcare from $83.00 to $76.00 and set an “overweight” rating for the company in a research report on Monday, September 30th. Royal Bank of Canada restated an “outperform” rating and set a $94.00 price target on shares of Acadia Healthcare in a research note on Friday, September 20th. KeyCorp started coverage on shares of Acadia Healthcare in a research report on Friday, October 11th. They issued a “sector weight” rating for the company. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Acadia Healthcare from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $90.00 price target on shares of Acadia Healthcare in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Acadia Healthcare has an average rating of “Hold” and a consensus target price of $86.67.

Hedge Funds Weigh In On Acadia Healthcare

Several large investors have recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in Acadia Healthcare by 86.1% in the second quarter. Blue Trust Inc. now owns 536 shares of the company’s stock valued at $36,000 after buying an additional 248 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Acadia Healthcare during the 1st quarter valued at about $48,000. GAMMA Investing LLC increased its stake in shares of Acadia Healthcare by 57.1% in the 3rd quarter. GAMMA Investing LLC now owns 663 shares of the company’s stock valued at $42,000 after purchasing an additional 241 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Acadia Healthcare in the 2nd quarter worth about $59,000. Finally, nVerses Capital LLC purchased a new position in Acadia Healthcare during the second quarter worth approximately $95,000.

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.