Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 3.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,574 shares of the company’s stock after selling 700 shares during the quarter. Handelsbanken Fonder AB’s holdings in Acadia Healthcare were worth $624,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Lindbrook Capital LLC boosted its position in Acadia Healthcare by 1,342.0% during the fourth quarter. Lindbrook Capital LLC now owns 721 shares of the company’s stock worth $29,000 after acquiring an additional 671 shares during the last quarter. UMB Bank n.a. grew its position in shares of Acadia Healthcare by 149.5% in the first quarter. UMB Bank n.a. now owns 1,260 shares of the company’s stock valued at $38,000 after purchasing an additional 755 shares during the period. Signaturefd LLC increased its stake in Acadia Healthcare by 460.6% in the fourth quarter. Signaturefd LLC now owns 1,222 shares of the company’s stock valued at $48,000 after purchasing an additional 1,004 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Acadia Healthcare by 287.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,258 shares of the company’s stock worth $50,000 after buying an additional 933 shares during the last quarter. Finally, State of Wyoming purchased a new stake in Acadia Healthcare in the 4th quarter valued at about $56,000.

Acadia Healthcare Stock Down 4.1%

NASDAQ ACHC opened at $21.23 on Monday. The stock has a market cap of $1.96 billion, a PE ratio of 6.96, a P/E/G ratio of 1.46 and a beta of 0.94. The business has a 50 day moving average price of $23.77 and a two-hundred day moving average price of $33.06. Acadia Healthcare Company, Inc. has a fifty-two week low of $20.36 and a fifty-two week high of $82.41. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.60.

Acadia Healthcare (NASDAQ:ACHC) last released its quarterly earnings results on Monday, May 12th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Acadia Healthcare had a net margin of 8.99% and a return on equity of 11.12%. The business had revenue of $770.51 million during the quarter, compared to analyst estimates of $769.90 million. During the same period last year, the business earned $0.84 EPS. The business’s revenue was up .3% on a year-over-year basis. As a group, sell-side analysts predict that Acadia Healthcare Company, Inc. will post 3.38 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ACHC shares. Wall Street Zen upgraded shares of Acadia Healthcare from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. KeyCorp lowered their price objective on shares of Acadia Healthcare from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, May 14th. Stephens raised Acadia Healthcare to a “hold” rating in a research report on Monday, June 2nd. Barclays dropped their price target on Acadia Healthcare from $35.00 to $28.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 14th. Finally, Guggenheim assumed coverage on Acadia Healthcare in a research note on Wednesday, April 9th. They issued a “buy” rating and a $36.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $47.94.

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.