Bank of New York Mellon Corp grew its stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 3.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,292,239 shares of the company’s stock after acquiring an additional 41,876 shares during the quarter. Bank of New York Mellon Corp owned 1.47% of Acadia Healthcare worth $61,717,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. Rhumbline Advisers boosted its holdings in Acadia Healthcare by 8.0% in the third quarter. Rhumbline Advisers now owns 152,452 shares of the company’s stock worth $7,281,000 after acquiring an additional 11,352 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Acadia Healthcare by 3.5% during the third quarter. New York State Common Retirement Fund now owns 300,283 shares of the company’s stock valued at $14,342,000 after purchasing an additional 10,088 shares in the last quarter. Retirement Systems of Alabama lifted its holdings in shares of Acadia Healthcare by 4.8% during the third quarter. Retirement Systems of Alabama now owns 150,492 shares of the company’s stock valued at $7,187,000 after purchasing an additional 6,887 shares in the last quarter. C WorldWide Group Holding A S lifted its holdings in shares of Acadia Healthcare by 17.2% during the third quarter. C WorldWide Group Holding A S now owns 63,305 shares of the company’s stock valued at $3,023,000 after purchasing an additional 9,305 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Acadia Healthcare by 6.0% during the third quarter. Sei Investments Co. now owns 358,199 shares of the company’s stock valued at $17,108,000 after purchasing an additional 20,141 shares in the last quarter.
Acadia Healthcare Company, Inc. (NASDAQ ACHC) opened at $32.31 on Friday. Acadia Healthcare Company, Inc. has a 1-year low of $26.92 and a 1-year high of $54.34. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market capitalization of $2,838.56, a PE ratio of 14.11, a price-to-earnings-growth ratio of 1.20 and a beta of 0.90.
Acadia Healthcare (NASDAQ:ACHC) last posted its earnings results on Tuesday, October 24th. The company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.07). The firm had revenue of $716.70 million during the quarter, compared to the consensus estimate of $728.86 million. Acadia Healthcare had a net margin of 6.07% and a return on equity of 8.57%. The firm’s revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.58 EPS. equities research analysts forecast that Acadia Healthcare Company, Inc. will post 2.23 EPS for the current year.
ACHC has been the topic of a number of research analyst reports. BMO Capital Markets initiated coverage on Acadia Healthcare in a report on Monday, October 16th. They set an “outperform” rating and a $52.00 price target on the stock. KeyCorp reaffirmed a “buy” rating and set a $59.00 price target on shares of Acadia Healthcare in a report on Friday, October 20th. Mizuho set a $60.00 price target on Acadia Healthcare and gave the company a “buy” rating in a report on Tuesday, October 24th. Zacks Investment Research downgraded Acadia Healthcare from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Finally, Jefferies Group set a $60.00 price target on Acadia Healthcare and gave the company a “buy” rating in a report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. Acadia Healthcare currently has a consensus rating of “Hold” and a consensus target price of $45.15.
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Acadia Healthcare Profile
Acadia Healthcare Company, Inc is a provider of behavioral healthcare services, with operations in the United States and the United Kingdom. The Company focuses on acquiring and developing behavioral healthcare facilities. The Company operates through two segments: U.S. Facilities and U.K. Facilities.
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