Acadia Healthcare (NASDAQ:ACHC) Trading Down 4.3% – What’s Next?

Acadia Healthcare Company, Inc. (NASDAQ:ACHC)’s stock price dropped 4.3% on Wednesday . The stock traded as low as $29.17 and last traded at $29.16. Approximately 221,651 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 1,768,149 shares. The stock had previously closed at $30.46.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ACHC. TD Cowen dropped their price target on Acadia Healthcare from $70.00 to $66.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Bank of America reduced their target price on shares of Acadia Healthcare from $50.00 to $44.50 and set a “buy” rating on the stock in a research note on Friday, February 28th. Barclays cut Acadia Healthcare from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $43.00 to $35.00 in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft raised Acadia Healthcare from a “hold” rating to a “buy” rating and increased their price target for the company from $45.00 to $75.00 in a research report on Thursday, December 12th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $52.00 price objective on shares of Acadia Healthcare in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $56.31.

Acadia Healthcare Stock Up 0.7 %

The firm’s 50 day simple moving average is $41.63 and its 200-day simple moving average is $50.86. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 10.03, a P/E/G ratio of 1.46 and a beta of 1.30.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Lindbrook Capital LLC boosted its holdings in shares of Acadia Healthcare by 1,342.0% in the fourth quarter. Lindbrook Capital LLC now owns 721 shares of the company’s stock valued at $29,000 after acquiring an additional 671 shares during the period. Blue Trust Inc. boosted its stake in Acadia Healthcare by 69.4% during the 4th quarter. Blue Trust Inc. now owns 842 shares of the company’s stock worth $33,000 after purchasing an additional 345 shares during the period. Nisa Investment Advisors LLC grew its position in Acadia Healthcare by 40.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,040 shares of the company’s stock worth $41,000 after purchasing an additional 301 shares during the last quarter. Signaturefd LLC increased its stake in Acadia Healthcare by 460.6% in the fourth quarter. Signaturefd LLC now owns 1,222 shares of the company’s stock valued at $48,000 after purchasing an additional 1,004 shares during the period. Finally, Fifth Third Bancorp raised its holdings in shares of Acadia Healthcare by 56.0% in the fourth quarter. Fifth Third Bancorp now owns 1,264 shares of the company’s stock valued at $50,000 after buying an additional 454 shares during 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.