Louisiana State Employees Retirement System Acquires Shares of 25,900 Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Louisiana State Employees Retirement System acquired a new stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 25,900 shares of the company’s stock, valued at approximately $2,014,000.

Other hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in shares of Acadia Healthcare in the third quarter valued at about $25,000. Point72 Hong Kong Ltd purchased a new position in shares of Acadia Healthcare during the first quarter valued at about $38,000. Fifth Third Bancorp increased its position in shares of Acadia Healthcare by 25.5% during the fourth quarter. Fifth Third Bancorp now owns 670 shares of the company’s stock valued at $52,000 after buying an additional 136 shares during the period. Belpointe Asset Management LLC increased its position in shares of Acadia Healthcare by 75.7% during the first quarter. Belpointe Asset Management LLC now owns 982 shares of the company’s stock valued at $71,000 after buying an additional 423 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Acadia Healthcare during the third quarter valued at about $96,000.

Analysts Set New Price Targets

Several brokerages recently issued reports on ACHC. UBS Group boosted their price target on shares of Acadia Healthcare from $88.00 to $102.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Barclays began coverage on shares of Acadia Healthcare in a research report on Wednesday, March 6th. They set an “overweight” rating and a $100.00 price target on the stock. TheStreet upgraded shares of Acadia Healthcare from a “c” rating to a “b-” rating in a research report on Monday, March 4th. Cantor Fitzgerald restated a “neutral” rating and issued a $90.00 price objective on shares of Acadia Healthcare in a report on Tuesday, March 5th. Finally, TD Cowen upped their price objective on shares of Acadia Healthcare from $86.00 to $101.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Acadia Healthcare has an average rating of “Hold” and a consensus price target of $91.22.

Insider Transactions at Acadia Healthcare

In other news, Director Wade D. Miquelon sold 2,203 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $85.39, for a total value of $188,114.17. Following the transaction, the director now owns 46,074 shares in the company, valued at $3,934,258.86. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.80% of the company’s stock.

Acadia Healthcare Trading Down 1.0 %

Shares of NASDAQ ACHC opened at $70.25 on Thursday. The firm’s 50 day moving average price is $79.62 and its 200-day moving average price is $77.60. The company has a market cap of $6.49 billion, a PE ratio of -280.99, a P/E/G ratio of 2.16 and a beta of 1.31. Acadia Healthcare Company, Inc. has a 52-week low of $66.49 and a 52-week high of $87.77. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 0.67.

Acadia Healthcare (NASDAQ:ACHC) last issued its earnings results on Wednesday, February 28th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.05. The firm had revenue of $742.80 million for the quarter, compared to the consensus estimate of $727.60 million. Acadia Healthcare had a negative net margin of 0.74% and a positive return on equity of 11.21%. The business’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.70 earnings per share. On average, equities research analysts expect that Acadia Healthcare Company, Inc. will post 3.57 EPS for the current fiscal 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.