Squarepoint Ops LLC Invests $1.09 Million in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Squarepoint Ops LLC purchased a new position in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 27,404 shares of the company’s stock, valued at approximately $1,087,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Two Sigma Investments LP bought a new stake in shares of Acadia Healthcare in the fourth quarter worth $7,648,000. State of Wyoming bought a new stake in shares of Acadia Healthcare in the 4th quarter valued at about $56,000. Sachem Head Capital Management LP bought a new stake in shares of Acadia Healthcare in the 4th quarter valued at about $52,734,000. Sapience Investments LLC boosted its holdings in Acadia Healthcare by 64.9% in the fourth quarter. Sapience Investments LLC now owns 78,885 shares of the company’s stock valued at $3,128,000 after acquiring an additional 31,056 shares during the last quarter. Finally, Raiffeisen Bank International AG bought a new stake in Acadia Healthcare in the fourth quarter valued at approximately $4,630,000.

Analysts Set New Price Targets

ACHC has been the topic of a number of analyst reports. Barclays reduced their price objective on shares of Acadia Healthcare from $35.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 14th. Royal Bank of Canada decreased their price target on Acadia Healthcare from $64.00 to $43.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Mizuho decreased their price target on Acadia Healthcare from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Wednesday, May 14th. Guggenheim initiated coverage on Acadia Healthcare in a research note on Wednesday, April 9th. They set a “buy” rating and a $36.00 target price for the company. Finally, Wall Street Zen raised Acadia Healthcare from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Acadia Healthcare has an average rating of “Moderate Buy” and an average target price of $47.94.

Acadia Healthcare Trading Down 0.4%

Shares of Acadia Healthcare stock opened at $22.77 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.07 and a current ratio of 1.07. Acadia Healthcare Company, Inc. has a 52 week low of $20.36 and a 52 week high of $82.41. The stock has a 50 day moving average price of $25.09 and a two-hundred day moving average price of $34.27. The stock has a market capitalization of $2.10 billion, a PE ratio of 7.47, a price-to-earnings-growth ratio of 1.46 and a beta of 1.01.

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, beating the consensus estimate of $0.35 by $0.05. Acadia Healthcare had a net margin of 8.99% and a return on equity of 11.12%. The business had revenue of $770.51 million during the quarter, compared to the consensus estimate of $769.90 million. During the same quarter last year, the firm posted $0.84 EPS. Acadia Healthcare’s revenue was up .3% compared to the same quarter last year. As a group, equities analysts anticipate that Acadia Healthcare Company, Inc. will post 3.38 earnings per share for the current fiscal year.

Acadia Healthcare 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.