Acadia Healthcare (NASDAQ:ACHC) Reaches New 52-Week Low – Should You Sell?

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) shares hit a new 52-week low on Thursday . The company traded as low as $43.58 and last traded at $44.04, with a volume of 138689 shares trading hands. The stock had previously closed at $52.08.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ACHC shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Acadia Healthcare from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $94.00 price objective on shares of Acadia Healthcare in a research note on Friday, September 20th. Barclays cut their price target on Acadia Healthcare from $83.00 to $76.00 and set an “overweight” rating for the company in a research note on Monday, September 30th. KeyCorp initiated coverage on shares of Acadia Healthcare in a report on Friday, October 11th. They set a “sector weight” rating for the company. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $90.00 price target on shares of Acadia Healthcare in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $86.67.

Acadia Healthcare Price Performance

The company has a market capitalization of $4.08 billion, a PE ratio of -312.36, a price-to-earnings-growth ratio of 1.57 and a beta of 1.29. The stock’s 50-day moving average is $67.15 and its two-hundred day moving average is $68.18. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.60.

Acadia Healthcare (NASDAQ:ACHC) last issued its earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. The business had revenue of $815.60 million for the quarter, compared to analyst estimates of $819.42 million. Acadia Healthcare had a negative net margin of 0.17% and a positive return on equity of 11.42%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the company posted $0.91 earnings per share. On average, equities analysts predict that Acadia Healthcare Company, Inc. will post 3.51 EPS for the current year.

Hedge Funds Weigh In On Acadia Healthcare

A number of institutional investors have recently modified their holdings of ACHC. State of Michigan Retirement System increased its position in shares of Acadia Healthcare by 2.3% during the first quarter. State of Michigan Retirement System now owns 22,630 shares of the company’s stock worth $1,793,000 after acquiring an additional 500 shares during the period. Commonwealth Equity Services LLC increased its holdings in Acadia Healthcare by 10.7% during the first quarter. Commonwealth Equity Services LLC now owns 7,338 shares of the company’s stock valued at $581,000 after buying an additional 708 shares during the period. Retirement Systems of Alabama increased its holdings in Acadia Healthcare by 0.3% during the first quarter. Retirement Systems of Alabama now owns 115,799 shares of the company’s stock valued at $9,174,000 after buying an additional 303 shares during the period. Peterson Wealth Services purchased a new position in Acadia Healthcare during the first quarter valued at approximately $2,739,000. Finally, BNP Paribas Financial Markets increased its holdings in Acadia Healthcare by 77.1% during the first quarter. BNP Paribas Financial Markets now owns 21,453 shares of the company’s stock valued at $1,700,000 after buying an additional 9,342 shares during the period.

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.