Bank of New York Mellon Corp Reduces Holdings in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Bank of New York Mellon Corp decreased its holdings in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 13.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 960,450 shares of the company’s stock after selling 143,133 shares during the quarter. Bank of New York Mellon Corp owned 1.04% of Acadia Healthcare worth $29,121,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Palisade Capital Management LP boosted its holdings in shares of Acadia Healthcare by 2.1% in the first quarter. Palisade Capital Management LP now owns 613,332 shares of the company’s stock worth $18,596,000 after buying an additional 12,807 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Acadia Healthcare in the first quarter worth approximately $412,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Acadia Healthcare in the first quarter worth approximately $222,000. GAMMA Investing LLC boosted its holdings in shares of Acadia Healthcare by 143.8% in the first quarter. GAMMA Investing LLC now owns 5,812 shares of the company’s stock worth $176,000 after buying an additional 3,428 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings 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 worth $38,000 after buying an additional 755 shares during the last quarter.

Wall Street Analyst Weigh In

ACHC has been the topic of several analyst reports. Barclays lowered their price target on shares of Acadia Healthcare from $35.00 to $28.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 14th. Wall Street Zen raised shares of Acadia Healthcare from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Stephens raised shares of Acadia Healthcare to a “hold” rating in a report on Monday, June 2nd. KeyCorp lowered their price target on shares of Acadia Healthcare from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, May 14th. Finally, Mizuho lowered their target price on shares of Acadia Healthcare from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Wednesday, May 14th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Acadia Healthcare presently has a consensus rating of “Moderate Buy” and an average target price of $47.94.

Acadia Healthcare Trading Down 2.5%

Shares of NASDAQ:ACHC opened at $22.68 on Thursday. Acadia Healthcare Company, Inc. has a 1 year low of $20.36 and a 1 year high of $82.41. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 4.43 and a beta of 0.93. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.35 and a quick ratio of 1.35. The business’s 50 day moving average price is $23.14 and its 200-day moving average price is $30.43.

Acadia Healthcare (NASDAQ:ACHC) last announced its quarterly earnings data 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 return on equity of 8.72% and a net margin of 5.94%. The company had revenue of $770.51 million for the quarter, compared to analyst estimates of $769.90 million. During the same quarter last year, the firm posted $0.84 EPS. The firm’s revenue for the quarter was up .3% on a year-over-year basis. On average, equities research analysts forecast that Acadia Healthcare Company, Inc. will post 3.38 earnings per share for the current fiscal year.

Acadia Healthcare 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.