PNC Financial Services Group Inc. Decreases Stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

PNC Financial Services Group Inc. lowered its stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 16.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,050 shares of the company’s stock after selling 1,180 shares during the period. PNC Financial Services Group Inc.’s holdings in Acadia Healthcare were worth $240,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Nisa Investment Advisors LLC raised its holdings in shares of Acadia Healthcare by 40.7% during the fourth 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. Pacer Advisors Inc. raised its holdings in shares of Acadia Healthcare by 2.4% during the fourth quarter. Pacer Advisors Inc. now owns 13,847 shares of the company’s stock worth $549,000 after purchasing an additional 325 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of Acadia Healthcare by 7.9% during the third quarter. Tidal Investments LLC now owns 4,664 shares of the company’s stock worth $296,000 after purchasing an additional 340 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Acadia Healthcare by 69.4% during the fourth quarter. Blue Trust Inc. now owns 842 shares of the company’s stock worth $33,000 after purchasing an additional 345 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its holdings in shares of Acadia Healthcare by 7.5% during the third quarter. Coldstream Capital Management Inc. now owns 6,167 shares of the company’s stock worth $391,000 after purchasing an additional 430 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ACHC. Deutsche Bank Aktiengesellschaft raised shares of Acadia Healthcare from a “hold” rating to a “buy” rating and raised their target price for the stock from $45.00 to $75.00 in a report on Thursday, December 12th. KeyCorp dropped their price target on shares of Acadia Healthcare from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Royal Bank of Canada dropped their price target on shares of Acadia Healthcare from $64.00 to $43.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. TD Cowen dropped their price target on shares of Acadia Healthcare from $70.00 to $66.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Finally, Bank of America dropped their price target on shares of Acadia Healthcare from $50.00 to $44.50 and set a “buy” rating on the stock in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $56.31.

Acadia Healthcare Stock Down 1.1 %

Shares of NASDAQ ACHC opened at $28.69 on Friday. The company’s 50-day simple moving average is $38.56 and its 200-day simple moving average is $46.73. Acadia Healthcare Company, Inc. has a 52-week low of $27.61 and a 52-week high of $82.41. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth ratio of 1.46 and a beta of 1.38. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.60.

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.