The Manufacturers Life Insurance Company Grows Stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

The Manufacturers Life Insurance Company boosted its holdings in Acadia Healthcare Company, Inc. (NASDAQ:ACHCFree Report) by 10.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 382,946 shares of the company’s stock after purchasing an additional 35,777 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.42% of Acadia Healthcare worth $29,778,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Fifth Third Bancorp lifted its holdings in shares of Acadia Healthcare by 25.5% in the 4th quarter. Fifth Third Bancorp now owns 670 shares of the company’s stock valued at $52,000 after purchasing an additional 136 shares during the last quarter. Tranquility Partners LLC grew its stake in Acadia Healthcare by 5.3% during the 4th quarter. Tranquility Partners LLC now owns 3,395 shares of the company’s stock worth $264,000 after buying an additional 170 shares during the last quarter. GAMMA Investing LLC purchased a new position in Acadia Healthcare during the 4th quarter worth approximately $26,000. Headlands Technologies LLC purchased a new position in Acadia Healthcare during the 3rd quarter worth approximately $25,000. Finally, Treasurer of the State of North Carolina grew its stake in Acadia Healthcare by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 39,776 shares of the company’s stock worth $3,093,000 after buying an additional 390 shares during the last quarter.

Analysts Set New Price Targets

ACHC has been the topic of a number of research reports. Cantor Fitzgerald restated a “neutral” rating and set a $90.00 price target on shares of Acadia Healthcare in a research note on Tuesday, March 5th. TD Cowen dropped their price target on Acadia Healthcare from $101.00 to $91.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. StockNews.com cut Acadia Healthcare from a “hold” rating to a “sell” rating in a research report on Tuesday, May 21st. Deutsche Bank Aktiengesellschaft raised Acadia Healthcare from a “sell” rating to a “hold” rating and set a $70.00 price objective for the company in a research report on Thursday, April 25th. Finally, Mizuho decreased their price objective on Acadia Healthcare from $84.00 to $70.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Acadia Healthcare has a consensus rating of “Moderate Buy” and a consensus price target of $87.56.

Read Our Latest Stock Analysis on ACHC

Acadia Healthcare Stock Down 3.3 %

ACHC opened at $69.42 on Friday. The business has a 50 day simple moving average of $70.52 and a 200-day simple moving average of $76.46. The stock has a market capitalization of $6.44 billion, a P/E ratio of -496.61, a P/E/G ratio of 2.13 and a beta of 1.32. Acadia Healthcare Company, Inc. has a 12 month low of $62.04 and a 12 month high of $87.77. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.27 and a quick ratio of 1.27.

Acadia Healthcare (NASDAQ:ACHCGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. Acadia Healthcare had a positive return on equity of 11.49% and a negative net margin of 0.38%. The business had revenue of $768.10 million during the quarter, compared to analysts’ expectations of $779.20 million. During the same quarter last year, the business posted $0.75 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities analysts anticipate that Acadia Healthcare Company, Inc. will post 3.52 earnings per share for the current fiscal year.

Acadia Healthcare Profile

(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.

Further Reading

Institutional Ownership by Quarter for Acadia Healthcare (NASDAQ:ACHC)

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