Acadia Healthcare (NASDAQ:ACHC) Stock Price Up 3.5% – Time to Buy?

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) was up 3.5% on Wednesday . The company traded as high as $29.63 and last traded at $29.83. Approximately 136,794 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 1,333,360 shares. The stock had previously closed at $28.81.

Analyst Ratings Changes

A number of research firms recently issued reports on ACHC. TD Cowen reduced their price objective on Acadia Healthcare from $70.00 to $66.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded Acadia Healthcare from a “hold” rating to a “buy” rating and lifted their price target for the company from $45.00 to $75.00 in a report on Thursday, December 12th. Bank of America dropped their price objective on Acadia Healthcare from $50.00 to $44.50 and set a “buy” rating on the stock in a report on Friday, February 28th. StockNews.com cut shares of Acadia Healthcare from a “hold” rating to a “sell” rating in a research note on Monday, January 6th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $52.00 price target on shares of Acadia Healthcare in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Acadia Healthcare presently has an average rating of “Hold” and an average price target of $52.19.

Acadia Healthcare Stock Performance

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 stock’s 50-day moving average price is $37.41 and its 200 day moving average price is $45.60. The company has a market cap of $2.80 billion, a P/E ratio of 9.88, a price-to-earnings-growth ratio of 1.46 and a beta of 1.38.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Lindbrook Capital LLC grew its position 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 purchasing an additional 671 shares during the last quarter. Blue Trust Inc. grew its holdings in Acadia Healthcare by 69.4% in the 4th 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 last quarter. Nisa Investment Advisors LLC increased its position in Acadia Healthcare by 40.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,040 shares of the company’s stock worth $41,000 after buying an additional 301 shares during the period. Signaturefd LLC lifted its holdings in shares of Acadia Healthcare by 460.6% during the fourth quarter. Signaturefd LLC now owns 1,222 shares of the company’s stock worth $48,000 after buying an additional 1,004 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Acadia Healthcare by 56.0% in the fourth quarter. Fifth Third Bancorp now owns 1,264 shares of the company’s stock valued at $50,000 after acquiring an additional 454 shares during the period.

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.