Dynamic Technology Lab Private Ltd Buys Shares of 7,230 Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Dynamic Technology Lab Private Ltd bought a new stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) in the third quarter, HoldingsChannel.com reports. The fund bought 7,230 shares of the company’s stock, valued at approximately $458,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Cerity Partners LLC boosted its stake in Acadia Healthcare by 43.7% in the third quarter. Cerity Partners LLC now owns 32,922 shares of the company’s stock valued at $2,088,000 after acquiring an additional 10,019 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Acadia Healthcare by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,127,061 shares of the company’s stock worth $71,467,000 after buying an additional 29,936 shares during the period. Landscape Capital Management L.L.C. acquired a new position in shares of Acadia Healthcare during the third quarter worth approximately $1,028,000. Phocas Financial Corp. boosted its position in shares of Acadia Healthcare by 36.0% during the third quarter. Phocas Financial Corp. now owns 72,225 shares of the company’s stock worth $4,580,000 after buying an additional 19,123 shares during the period. Finally, LMR Partners LLP acquired a new position in shares of Acadia Healthcare during the third quarter worth approximately $1,616,000.

Acadia Healthcare Price Performance

NASDAQ ACHC opened at $40.63 on Friday. The stock has a market capitalization of $3.77 billion, a P/E ratio of 13.53, a P/E/G ratio of 1.83 and a beta of 1.33. Acadia Healthcare Company, Inc. has a 1 year low of $36.50 and a 1 year high of $87.77. The business’s fifty day moving average is $51.17 and its two-hundred day moving average is $63.79. 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 (NASDAQ:ACHC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.01. The company had revenue of $815.60 million for the quarter, compared to analysts’ expectations of $819.42 million. Acadia Healthcare had a return on equity of 11.12% and a net margin of 8.99%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 earnings per share. On average, research analysts forecast that Acadia Healthcare Company, Inc. will post 3.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Royal Bank of Canada reduced their price objective on Acadia Healthcare from $94.00 to $64.00 and set an “outperform” rating for the company in a research report on Monday, November 18th. KeyCorp assumed coverage on Acadia Healthcare in a research report on Friday, October 11th. They set a “sector weight” rating for the company. Barclays reduced their price objective on Acadia Healthcare from $76.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Cantor Fitzgerald reissued a “neutral” rating and set a $90.00 target price on shares of Acadia Healthcare in a report on Tuesday, October 1st. Finally, StockNews.com cut Acadia Healthcare from a “hold” rating to a “sell” rating in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $79.67.

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.