Acadia Healthcare (NASDAQ:ACHC) Reaches New 52-Week Low at $61.69

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $61.69 and last traded at $61.81, with a volume of 549197 shares traded. The stock had previously closed at $75.66.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ACHC shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $94.00 price target on shares of Acadia Healthcare in a research note on Friday, September 20th. Barclays dropped their target price on shares of Acadia Healthcare from $89.00 to $83.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Acadia Healthcare from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $90.00 price objective on shares of Acadia Healthcare in a research report on Monday, August 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $87.44.

Acadia Healthcare Stock Down 27.0 %

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 company has a market cap of $5.12 billion, a PE ratio of -414.86, a PEG ratio of 2.19 and a beta of 1.30. The company’s fifty day moving average is $74.26 and its 200-day moving average is $71.84.

Acadia Healthcare (NASDAQ:ACHC) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $796.00 million for the quarter, compared to the consensus estimate of $784.38 million. Acadia Healthcare had a positive return on equity of 11.42% and a negative net margin of 0.17%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the business posted $0.92 EPS. On average, analysts predict that Acadia Healthcare Company, Inc. will post 3.51 EPS for the current year.

Institutional Trading of Acadia Healthcare

Large investors have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. raised its position in Acadia Healthcare by 266.0% in the second quarter. Point72 Asset Management L.P. now owns 2,270,340 shares of the company’s stock worth $153,339,000 after acquiring an additional 1,650,040 shares during the period. Millennium Management LLC raised its holdings in Acadia Healthcare by 3,067.8% in the 2nd quarter. Millennium Management LLC now owns 1,090,313 shares of the company’s stock worth $73,640,000 after purchasing an additional 1,055,894 shares during the period. William Blair Investment Management LLC lifted 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. Avidity Partners Management LP grew its holdings in Acadia Healthcare by 61.8% during the fourth quarter. Avidity Partners Management LP now owns 1,156,692 shares of the company’s stock valued at $89,944,000 after purchasing an additional 441,692 shares during the period. Finally, Sea Cliff Partners Management LP purchased a new stake in Acadia Healthcare in the fourth quarter worth about $26,338,000.

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.