Zurcher Kantonalbank Zurich Cantonalbank Has $798,000 Stock Holdings in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 15.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 26,325 shares of the company’s stock after buying an additional 3,604 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Acadia Healthcare were worth $798,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. grew its stake 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 acquiring an additional 755 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Acadia Healthcare by 287.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,258 shares of the company’s stock valued at $50,000 after buying an additional 933 shares during the period. State of Wyoming bought a new position in Acadia Healthcare during the 4th quarter worth $56,000. Covestor Ltd raised its holdings in Acadia Healthcare by 27.2% in the 4th quarter. Covestor Ltd now owns 1,450 shares of the company’s stock valued at $58,000 after acquiring an additional 310 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new stake in shares of Acadia Healthcare during the 4th quarter valued at $97,000.

Analysts Set New Price Targets

ACHC has been the subject of a number of analyst reports. 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. Wall Street Zen upgraded shares of Acadia Healthcare from a “sell” rating to a “hold” rating in a research report on Sunday. KeyCorp reduced their target price on Acadia Healthcare from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, May 14th. Stephens upgraded Acadia Healthcare to a “hold” rating in a research report on Monday, June 2nd. Finally, Guggenheim started coverage on Acadia Healthcare in a research note on Wednesday, April 9th. They set a “buy” rating and a $36.00 target price for the company. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Acadia Healthcare has an average rating of “Moderate Buy” and a consensus price target of $47.94.

Acadia Healthcare Trading Up 1.8%

Shares of NASDAQ ACHC opened at $21.76 on Wednesday. The stock has a market cap of $2.00 billion, a P/E ratio of 10.72, a price-to-earnings-growth ratio of 4.07 and a beta of 0.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.35 and a current ratio of 1.35. Acadia Healthcare Company, Inc. has a 52-week low of $20.35 and a 52-week high of $82.40. The firm has a 50 day moving average price of $22.44 and a two-hundred day moving average price of $28.30.

Acadia Healthcare (NASDAQ:ACHC) last released its earnings results on Tuesday, August 5th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. Acadia Healthcare had a net margin of 5.94% and a return on equity of 8.72%. The business had revenue of $869.23 million during the quarter, compared to the consensus estimate of $839.59 million. During the same quarter in the prior year, the firm posted $0.91 EPS. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, equities analysts forecast that Acadia Healthcare Company, Inc. will post 3.38 EPS for the current year.

Acadia Healthcare Company 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.