Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Stake Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 11.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,379 shares of the company’s stock after purchasing an additional 2,065 shares during the period. Victory Capital Management Inc.’s holdings in Acadia Healthcare were worth $588,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC raised its stake in shares of Acadia Healthcare by 5.4% in the 4th quarter. LPL Financial LLC now owns 55,830 shares of the company’s stock worth $2,275,000 after buying an additional 2,869 shares in the last quarter. Landscape Capital Management L.L.C. grew its holdings in Acadia Healthcare by 131.7% during the fourth quarter. Landscape Capital Management L.L.C. now owns 37,554 shares of the company’s stock worth $1,489,000 after acquiring an additional 21,348 shares during the period. Russell Investments Group Ltd. raised its position in Acadia Healthcare by 21.4% in the fourth quarter. Russell Investments Group Ltd. now owns 18,421 shares of the company’s stock worth $730,000 after acquiring an additional 3,248 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Acadia Healthcare by 287.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,258 shares of the company’s stock valued at $50,000 after acquiring an additional 933 shares during the last quarter. Finally, FMR LLC boosted its position in shares of Acadia Healthcare by 257.9% during the 4th quarter. FMR LLC now owns 6,230,631 shares of the company’s stock valued at $247,045,000 after purchasing an additional 4,489,681 shares in the last quarter.

Analyst Ratings Changes

A number of analysts recently commented on ACHC shares. Guggenheim initiated coverage on shares of Acadia Healthcare in a report on Wednesday, April 9th. They issued a “buy” rating and a $36.00 target price on the stock. Wall Street Zen lowered shares of Acadia Healthcare from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Stephens upgraded Acadia Healthcare to a “hold” rating in a research report on Monday, June 2nd. Barclays decreased their target price on Acadia Healthcare from $35.00 to $28.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 14th. Finally, KeyCorp cut their target price on Acadia Healthcare from $65.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Acadia Healthcare presently has an average rating of “Hold” and a consensus price target of $47.94.

Acadia Healthcare Stock Performance

Shares of ACHC stock opened at $21.09 on Friday. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 10.39, a P/E/G ratio of 4.15 and a beta of 0.88. Acadia Healthcare Company, Inc. has a 1-year low of $20.35 and a 1-year high of $82.40. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.72. The stock’s fifty day simple moving average is $22.49 and its 200-day simple moving average is $28.69.

Acadia Healthcare (NASDAQ:ACHC) last released its earnings results on Monday, May 12th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. The company had revenue of $770.51 million for the quarter, compared to analysts’ expectations of $769.90 million. Acadia Healthcare had a return on equity of 8.72% and a net margin of 5.94%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.84 EPS. On average, sell-side analysts predict that Acadia Healthcare Company, Inc. will post 3.38 earnings per share 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.