Clearbridge Investments LLC Raises Stock Position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Clearbridge Investments LLC lifted its position in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 19.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,886 shares of the company’s stock after acquiring an additional 53,547 shares during the quarter. Clearbridge Investments LLC owned 0.35% of Acadia Healthcare worth $12,961,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ACHC. Lindbrook Capital LLC grew its holdings in 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 purchasing an additional 671 shares during the last quarter. Blue Trust Inc. grew its stake in Acadia Healthcare by 69.4% in the 4th quarter. Blue Trust Inc. now owns 842 shares of the company’s stock valued at $33,000 after acquiring an additional 345 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Acadia Healthcare by 40.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,040 shares of the company’s stock valued at $41,000 after acquiring an additional 301 shares in the last quarter. Signaturefd LLC raised its position in Acadia Healthcare by 460.6% during the fourth quarter. Signaturefd LLC now owns 1,222 shares of the company’s stock worth $48,000 after acquiring an additional 1,004 shares during the last quarter. Finally, Fifth Third Bancorp lifted 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 purchasing an additional 454 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages recently issued reports on ACHC. Mizuho cut their price objective on Acadia Healthcare from $48.00 to $37.00 and set a “neutral” rating for the company in a research report on Tuesday, March 25th. Barclays downgraded Acadia Healthcare from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $43.00 to $35.00 in a research report on Friday, February 28th. TD Cowen dropped their price objective 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. Royal Bank of Canada reduced their target price on shares of Acadia Healthcare from $64.00 to $43.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. Finally, Bank of America lowered their price target on shares of Acadia Healthcare from $50.00 to $44.50 and set a “buy” rating for the company in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Acadia Healthcare has a consensus rating of “Hold” and a consensus price target of $52.19.

Acadia Healthcare Stock Performance

NASDAQ:ACHC opened at $29.21 on Thursday. The company has a market cap of $2.71 billion, a P/E ratio of 9.58, a P/E/G ratio of 1.46 and a beta of 1.38. The firm’s 50 day moving average is $36.28 and its two-hundred day moving average is $44.06. Acadia Healthcare Company, Inc. has a fifty-two week low of $23.79 and a fifty-two week high of $82.41. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.60.

Acadia Healthcare 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.