3 days Ago By ABMN Staff
Acadia Healthcare Company, Inc. ( NASDAQ:ACHC – Get Free Report ) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 5,990,000 shares, an increase of 7.
5% from the October 15th total of 5,570,000 shares. Based on an average daily trading volume, of 1,480,000 shares, the days-to-cover ratio is currently 4.0 days.
Institutional Trading of Acadia Healthcare Several institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP raised its position in shares of Acadia Healthcare by 12.2% during the 3rd quarter.
Wellington Management Group LLP now owns 11,658,253 shares of the company’s stock valued at $739,250,000 after purchasing an additional 1,266,384 shares during the period. William Blair Investment Management LLC grew its stake 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 acquiring an additional 604,070 shares in the last quarter. State Street Corp grew its stake in Acadia Healthcare by 3.5% during the third quarter.
State Street Corp now owns 2,819,911 shares of the company’s stock valued at $178,811,000 after acquiring an additional 95,613 shares in the last quarter. Point72 Asset Management L.P.
grew its stake in Acadia Healthcare by 0.5% during the third quarter. Point72 Asset Management L.
P. now owns 2,282,810 shares of the company’s stock valued at $144,753,000 after acquiring an additional 12,470 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Acadia Healthcare by 0.
9% during the third quarter. Geode Capital Management LLC now owns 1,613,198 shares of the company’s stock valued at $102,320,000 after acquiring an additional 14,197 shares in the last quarter. Wall Street Analysts Forecast Growth A number of equities research analysts have recently commented on ACHC shares.
StockNews.com upgraded shares of Acadia Healthcare from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Barclays lowered their price objective on shares of Acadia Healthcare from $83.
00 to $76.00 and set an “overweight” rating on the stock in a research report on Monday, September 30th. KeyCorp started coverage on shares of Acadia Healthcare in a research report on Friday, October 11th.
They set a “sector weight” rating on the stock. Cantor Fitzgerald restated a “neutral” rating and set a $90.00 price objective on shares of Acadia Healthcare in a research report on Tuesday, October 1st.
Finally, Royal Bank of Canada lowered their price objective on shares of Acadia Healthcare from $94.00 to $64.00 and set an “outperform” rating on the stock in a research report on Monday.
Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Acadia Healthcare presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.
33. Acadia Healthcare Stock Down 1.8 % ACHC opened at $37.
13 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.
07 and a debt-to-equity ratio of 0.60. Acadia Healthcare has a 1-year low of $36.
50 and a 1-year high of $87.77. The company has a market capitalization of $3.
45 billion, a PE ratio of 12.17, a PEG ratio of 1.68 and a beta of 1.
33. The firm’s 50 day simple moving average is $57.27 and its two-hundred day simple moving average is $65.
34. Acadia Healthcare ( NASDAQ:ACHC – Get Free Report ) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.
91 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.01.
The business had revenue of $815.60 million for the quarter, compared to the consensus estimate of $819.42 million.
Acadia Healthcare had a net margin of 8.99% and a return on equity of 11.12%.
The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the firm earned $0.
91 earnings per share. As a group, equities analysts forecast that Acadia Healthcare will post 3.38 EPS for the current year.
About Acadia Healthcare ( Get Free Report ) 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. See Also Receive News & Ratings for Acadia Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acadia Healthcare and related companies with MarketBeat.
com's FREE daily email newsletter ..
