Acadia Healthcare (NASDAQ:ACHC) Stock Price Up 5.8% After Earnings Beat

Acadia Healthcare Company, Inc. (NASDAQ:ACHC)’s stock price traded up 5.8% during mid-day trading on Tuesday following a stronger than expected earnings report. The company traded as high as $27.87 and last traded at $27.34. 385,181 shares traded hands during trading, a decline of 83% from the average session volume of 2,228,106 shares. The stock had previously closed at $25.84.

The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $770.51 million during the quarter, compared to analysts’ expectations of $769.90 million. Acadia Healthcare had a net margin of 8.99% and a return on equity of 11.12%. Acadia Healthcare’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 earnings per share.

Wall Street Analyst Weigh In

Several research firms have issued reports on ACHC. Mizuho reduced their price objective on Acadia Healthcare from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Wednesday. Barclays cut their price target on Acadia Healthcare from $35.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Wednesday. KeyCorp lowered their price objective on Acadia Healthcare from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday. Guggenheim initiated coverage on shares of Acadia Healthcare in a research report on Wednesday, April 9th. They set a “buy” rating and a $36.00 target price on the stock. Finally, Bank of America cut their price objective on shares of Acadia Healthcare from $50.00 to $44.50 and set a “buy” rating on the stock in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $47.94.

Hedge Funds Weigh In On Acadia Healthcare

Several hedge funds and other institutional investors have recently made changes to their positions in ACHC. Lindbrook Capital LLC lifted its stake in Acadia Healthcare by 1,342.0% in the 4th 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. raised its stake in Acadia Healthcare by 69.4% in the fourth quarter. Blue Trust Inc. now owns 842 shares of the company’s stock valued at $33,000 after buying an additional 345 shares during the period. UMB Bank n.a. lifted its position in shares of Acadia Healthcare by 149.5% in the first quarter. UMB Bank n.a. now owns 1,260 shares of the company’s stock valued at $38,000 after buying an additional 755 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Acadia Healthcare by 11,218.2% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,245 shares of the company’s stock worth $38,000 after acquiring an additional 1,234 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in shares of 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 acquiring an additional 301 shares during the period.

Acadia Healthcare Price Performance

The business has a fifty day moving average of $26.34 and a two-hundred day moving average of $36.01. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 1.46 and a beta of 1.01.

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.