Sanctuary Advisors LLC Invests $417,000 in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Sanctuary Advisors LLC purchased a new position in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) during the second quarter, Holdings Channel reports. The institutional investor purchased 5,660 shares of the company’s stock, valued at approximately $417,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Asset Management L.P. boosted its position in Acadia Healthcare by 266.0% during the second quarter. Point72 Asset Management L.P. now owns 2,270,340 shares of the company’s stock valued at $153,339,000 after purchasing an additional 1,650,040 shares in the last quarter. Millennium Management LLC boosted its position in Acadia Healthcare by 3,067.8% during the second quarter. Millennium Management LLC now owns 1,090,313 shares of the company’s stock valued at $73,640,000 after purchasing an additional 1,055,894 shares in the last quarter. William Blair Investment Management LLC boosted its position in Acadia Healthcare by 20.7% during the second quarter. William Blair Investment Management LLC now owns 3,515,464 shares of the company’s stock valued at $237,434,000 after purchasing an additional 604,070 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Acadia Healthcare by 67.9% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 733,505 shares of the company’s stock valued at $49,541,000 after purchasing an additional 296,625 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Acadia Healthcare by 59.3% during the first quarter. Principal Financial Group Inc. now owns 539,162 shares of the company’s stock valued at $42,712,000 after purchasing an additional 200,765 shares in the last quarter.

Analyst Upgrades and Downgrades

ACHC has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $94.00 price objective on shares of Acadia Healthcare in a research report on Friday, September 20th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $90.00 price objective on shares of Acadia Healthcare in a research report on Tuesday, October 1st. KeyCorp began coverage on Acadia Healthcare in a research report on Friday, October 11th. They set a “sector weight” rating on the stock. Deutsche Bank Aktiengesellschaft increased their price target on Acadia Healthcare from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Finally, Barclays decreased their price target on Acadia Healthcare from $83.00 to $76.00 and set an “overweight” rating for the company in a research note on Monday, September 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Acadia Healthcare presently has a consensus rating of “Hold” and a consensus price target of $86.67.

Acadia Healthcare Trading Up 0.8 %

Shares of NASDAQ:ACHC opened at $57.39 on Thursday. Acadia Healthcare Company, Inc. has a 52-week low of $53.22 and a 52-week high of $87.77. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of -409.93, a PEG ratio of 1.57 and a beta of 1.29. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $71.37 and a 200-day moving average price of $69.79.

Acadia Healthcare (NASDAQ:ACHC) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $784.38 million. During the same period last year, the business posted $0.92 earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. Equities analysts predict that Acadia Healthcare Company, Inc. will post 3.51 EPS for the current year.

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.