Barclays Cuts Acadia Healthcare (NASDAQ:ACHC) Price Target to $20.00

Acadia Healthcare (NASDAQ:ACHC) had its price objective trimmed by Barclays from $28.00 to $20.00 in a research note released on Thursday,Benzinga reports. The firm currently has an equal weight rating on the stock.

ACHC has been the subject of several other research reports. KeyCorp cut their price target on Acadia Healthcare from $65.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday, May 14th. Guggenheim started coverage on Acadia Healthcare in a research report on Wednesday, April 9th. They set a “buy” rating and a $36.00 target price for the company. Stephens upgraded shares of Acadia Healthcare to a “hold” rating in a research report on Monday, June 2nd. Wall Street Zen raised shares of Acadia Healthcare from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. Finally, Mizuho dropped their price objective on shares of Acadia Healthcare from $37.00 to $32.00 and set a “neutral” rating for the company in a research note on Wednesday, May 14th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Acadia Healthcare has an average rating of “Moderate Buy” and an average price target of $44.75.

Acadia Healthcare Price Performance

ACHC stock opened at $19.24 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.35 and a current ratio of 1.32. The company’s fifty day moving average price is $22.18 and its 200-day moving average price is $27.76. Acadia Healthcare has a one year low of $17.13 and a one year high of $82.40. The company has a market capitalization of $1.78 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 3.73 and a beta of 0.88.

Acadia Healthcare (NASDAQ:ACHC) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. Acadia Healthcare had a net margin of 4.31% and a return on equity of 8.34%. The company had revenue of $869.23 million for the quarter, compared to the consensus estimate of $839.59 million. During the same period in the previous year, the firm posted $0.91 EPS. Acadia Healthcare’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, equities analysts anticipate that Acadia Healthcare will post 3.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Acadia Healthcare

Hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC lifted its position in shares of Acadia Healthcare by 5.4% during the fourth quarter. LPL Financial LLC now owns 55,830 shares of the company’s stock worth $2,275,000 after purchasing an additional 2,869 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Acadia Healthcare by 21.4% in the 4th quarter. Russell Investments Group Ltd. now owns 18,421 shares of the company’s stock worth $730,000 after buying an additional 3,248 shares during the period. Quadrant Capital Group LLC lifted its holdings in Acadia Healthcare by 287.1% during the 4th 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 in the last quarter. FMR LLC boosted its position in Acadia Healthcare by 257.9% in the 4th quarter. FMR LLC now owns 6,230,631 shares of the company’s stock valued at $247,045,000 after buying an additional 4,489,681 shares during the period. Finally, Cerity Partners LLC grew its stake in Acadia Healthcare by 52.1% in the 4th quarter. Cerity Partners LLC now owns 50,060 shares of the company’s stock worth $1,985,000 after acquiring an additional 17,138 shares in the last quarter.

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.