Acadia Healthcare (ACHC) Stock Price Down 9.3% on Insider Selling

Acadia Healthcare Company Inc (NASDAQ:ACHC) shares dropped 9.3% during mid-day trading on Monday following insider selling activity. The stock traded as low as $38.73 and last traded at $40.58. Approximately 8,491,686 shares changed hands during trading, an increase of 560% from the average daily volume of 1,285,667 shares. The stock had previously closed at $44.75.

Specifically, Director Reeve B. Waud sold 41,865 shares of Acadia Healthcare stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $45.00, for a total transaction of $1,883,925.00. Following the transaction, the director now owns 14,213 shares of the company’s stock, valued at approximately $639,585. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.50% of the company’s stock.

ACHC has been the topic of several research analyst reports. Zacks Investment Research raised Acadia Healthcare from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Tuesday, July 24th. ValuEngine raised Acadia Healthcare from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 26th. Credit Suisse Group lifted their target price on Acadia Healthcare from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Tuesday, July 31st. Jefferies Financial Group lifted their target price on Acadia Healthcare from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Finally, BidaskClub cut Acadia Healthcare from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Acadia Healthcare presently has an average rating of “Hold” and a consensus target price of $43.11.

The firm has a market cap of $3.95 billion, a PE ratio of 17.64, a PEG ratio of 1.60 and a beta of 0.22. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.20.

Institutional investors have recently made changes to their positions in the company. Alpine Woods Capital Investors LLC acquired a new stake in shares of Acadia Healthcare during the 2nd quarter valued at about $153,000. New Jersey Better Educational Savings Trust acquired a new stake in shares of Acadia Healthcare during the 2nd quarter valued at about $205,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Acadia Healthcare during the 1st quarter valued at about $255,000. Bbva Compass Bancshares Inc. acquired a new stake in shares of Acadia Healthcare during the 2nd quarter valued at about $259,000. Finally, Strs Ohio acquired a new stake in shares of Acadia Healthcare during the 3rd quarter valued at about $308,000.

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Acadia Healthcare Company Profile (NASDAQ:ACHC)

Acadia Healthcare Company, Inc develops and operates inpatient psychiatric facilities, residential treatment centers, group homes, substance abuse facilities, and outpatient behavioral healthcare facilities to serve the behavioral health and recovery needs of communities. The company operates acute inpatient psychiatric facilities, which offer evaluation and crisis stabilization of patients with severe psychiatric diagnoses; specialty treatment facilities, including residential recovery facilities, eating disorder facilities, and comprehensive treatment centers that provide continuum care for adults with addictive disorders and co-occurring mental disorders; and residential treatment centers, which treat patients with behavioral disorders in a non-hospital setting, including outdoor programs.

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