Acadia Healthcare (NASDAQ:ACHC) Stock Price Down 4.1% Following Analyst Downgrade

Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) fell 4.1% during trading on Wednesday after Barclays lowered their price target on the stock from $35.00 to $28.00. Barclays currently has an equal weight rating on the stock. Acadia Healthcare traded as low as $25.85 and last traded at $25.84. 386,012 shares were traded during trading, a decline of 77% from the average session volume of 1,680,979 shares. The stock had previously closed at $26.94.

A number of other equities analysts also recently commented on the stock. Royal Bank of Canada lowered their target price on shares of Acadia Healthcare from $64.00 to $43.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. Bank of America lowered their target price on shares of Acadia Healthcare from $50.00 to $44.50 and set a “buy” rating for the company in a research note on Friday, February 28th. Mizuho reduced their price target on shares of Acadia Healthcare from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Wednesday. Guggenheim assumed coverage on shares of Acadia Healthcare in a research report on Wednesday, April 9th. They issued a “buy” rating and a $36.00 price target for the company. Finally, KeyCorp reduced their price target on shares of Acadia Healthcare from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.94.

Institutional Investors Weigh In On Acadia Healthcare

A number of institutional investors and hedge funds have recently made changes to their positions in ACHC. Lindbrook Capital LLC raised its holdings in shares of 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 buying an additional 671 shares during the last quarter. Blue Trust Inc. raised its holdings in 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 in the last quarter. UMB Bank n.a. raised its holdings in Acadia Healthcare by 149.5% during the first quarter. UMB Bank n.a. now owns 1,260 shares of the company’s stock worth $38,000 after purchasing an additional 755 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Acadia Healthcare by 11,218.2% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,245 shares of the company’s stock worth $38,000 after purchasing an additional 1,234 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in 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 in the last quarter.

Acadia Healthcare Stock Down 0.3%

The stock has a market capitalization of $2.36 billion, a PE ratio of 8.41, a PEG ratio of 1.46 and a beta of 1.01. The firm’s fifty day moving average is $26.25 and its 200-day moving average is $35.83. 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 (NASDAQ:ACHC) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. The firm 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%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 earnings per share. On average, equities research analysts predict that Acadia Healthcare Company, Inc. will post 3.38 earnings per share for the current year.

Acadia Healthcare Company 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.