Acadia Healthcare (NASDAQ:ACHC) Rating Lowered to “Sell” at StockNews.com

Acadia Healthcare (NASDAQ:ACHC) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

ACHC has been the subject of a number of other research reports. Royal Bank of Canada decreased their price objective on Acadia Healthcare from $94.00 to $64.00 and set an “outperform” rating for the company in a report on Monday. Barclays reduced their price target on Acadia Healthcare from $83.00 to $76.00 and set an “overweight” rating for the company in a report on Monday, September 30th. Deutsche Bank Aktiengesellschaft raised their price target on Acadia Healthcare from $70.00 to $75.00 and gave the company a “hold” rating in a report on Friday, August 2nd. KeyCorp assumed coverage on Acadia Healthcare in a report on Friday, October 11th. They set a “sector weight” rating for the company. Finally, Cantor Fitzgerald restated a “neutral” rating and set 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 assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $83.33.

Acadia Healthcare Price Performance

ACHC opened at $38.59 on Friday. The stock has a fifty day simple moving average of $54.95 and a two-hundred day simple moving average of $64.77. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.60. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 1.64 and a beta of 1.33. Acadia Healthcare has a 12-month low of $36.50 and a 12-month high of $87.77.

Acadia Healthcare (NASDAQ:ACHC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. The business had revenue of $815.60 million during the quarter, compared to the consensus estimate of $819.42 million. Acadia Healthcare had a return on equity of 11.12% and a net margin of 8.99%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 earnings per share. Research analysts predict that Acadia Healthcare will post 3.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Acadia Healthcare

Large investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. bought a new stake in Acadia Healthcare in the 2nd quarter worth about $800,000. TCW Group Inc. boosted its position in Acadia Healthcare by 63.8% in the second quarter. TCW Group Inc. now owns 62,888 shares of the company’s stock worth $4,247,000 after purchasing an additional 24,487 shares during the last quarter. SG Americas Securities LLC boosted its position in Acadia Healthcare by 435.6% in the second quarter. SG Americas Securities LLC now owns 18,227 shares of the company’s stock worth $1,231,000 after purchasing an additional 14,824 shares during the last quarter. Principal Financial Group Inc. boosted its position in Acadia Healthcare by 19.4% in the second quarter. Principal Financial Group Inc. now owns 643,521 shares of the company’s stock worth $43,463,000 after purchasing an additional 104,359 shares during the last quarter. Finally, Texas Permanent School Fund Corp boosted its position in Acadia Healthcare by 11.3% in the second quarter. Texas Permanent School Fund Corp now owns 89,821 shares of the company’s stock worth $6,067,000 after purchasing an additional 9,115 shares during the last quarter.

Acadia Healthcare Company 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.