Principal Financial Group Inc. Sells 31,948 Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Principal Financial Group Inc. lessened its stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 624,941 shares of the company’s stock after selling 31,948 shares during the period. Principal Financial Group Inc. owned approximately 0.67% of Acadia Healthcare worth $24,779,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Raymond James & Associates boosted its stake in shares of Acadia Healthcare by 24.8% in the 3rd quarter. Raymond James & Associates now owns 124,202 shares of the company’s stock valued at $7,876,000 after purchasing an additional 24,709 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in Acadia Healthcare in the 3rd quarter worth $86,000. State of Alaska Department of Revenue increased its stake in shares of Acadia Healthcare by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 10,735 shares of the company’s stock worth $680,000 after acquiring an additional 730 shares in the last quarter. Congress Asset Management Co. increased its stake in shares of Acadia Healthcare by 16.8% in the 3rd quarter. Congress Asset Management Co. now owns 118,941 shares of the company’s stock worth $7,542,000 after acquiring an additional 17,127 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Acadia Healthcare by 90.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 22,582 shares of the company’s stock worth $1,432,000 after acquiring an additional 10,740 shares in the last quarter.

Acadia Healthcare Stock Performance

Shares of NASDAQ ACHC opened at $39.65 on Monday. The firm’s 50-day moving average price is $42.13 and its 200-day moving average price is $52.80. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.60. The company has a market cap of $3.68 billion, a PE ratio of 13.00, a PEG ratio of 1.50 and a beta of 1.30. Acadia Healthcare Company, Inc. has a 52-week low of $36.50 and a 52-week high of $87.77.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ACHC shares. KeyCorp upgraded shares of Acadia Healthcare from a “sector weight” rating to an “overweight” rating and set a $70.00 price target for the company in a research note on Tuesday, January 7th. TD Cowen cut their price objective 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. Barclays cut their price objective on shares of Acadia Healthcare from $76.00 to $43.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Royal Bank of Canada reissued an “outperform” rating and set a $64.00 price objective on shares of Acadia Healthcare in a research report on Friday, January 10th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $52.00 price objective on shares of Acadia Healthcare in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.22.

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.