Acadia Healthcare (NASDAQ:ACHC) Shares Down 4.3% – Here’s What Happened

Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) fell 4.3% during mid-day trading on Wednesday . The company traded as low as $29.17 and last traded at $29.16. 221,651 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 1,768,149 shares. The stock had previously closed at $30.46.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Royal Bank of Canada lowered their price target on shares of Acadia Healthcare from $64.00 to $43.00 and set an “outperform” rating on the stock in a report on Monday. Deutsche Bank Aktiengesellschaft raised Acadia Healthcare from a “hold” rating to a “buy” rating and raised their price target for the stock from $45.00 to $75.00 in a research note on Thursday, December 12th. TD Cowen decreased their price objective on shares of Acadia Healthcare from $70.00 to $66.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $52.00 target price on shares of Acadia Healthcare in a research report on Tuesday, December 10th. Finally, StockNews.com downgraded Acadia Healthcare from a “hold” rating to a “sell” rating in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Acadia Healthcare currently has a consensus rating of “Hold” and a consensus target price of $56.31.

Acadia Healthcare Price Performance

The stock has a market cap of $2.72 billion, a P/E ratio of 9.64, a price-to-earnings-growth ratio of 1.46 and a beta of 1.30. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.60. The company’s fifty day simple moving average is $41.79 and its 200-day simple moving average is $51.01.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue raised its holdings 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 buying an additional 730 shares in the last quarter. Harbor Capital Advisors Inc. boosted 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 valued at $1,432,000 after purchasing an additional 10,740 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Acadia Healthcare by 2.1% in the 3rd quarter. Principal Financial Group Inc. now owns 656,889 shares of the company’s stock worth $41,653,000 after purchasing an additional 13,368 shares during the last quarter. Verdence Capital Advisors LLC increased its position in shares of Acadia Healthcare by 32.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 4,664 shares of the company’s stock worth $296,000 after purchasing an additional 1,152 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in Acadia Healthcare by 66.1% during the 3rd quarter. Assetmark Inc. now owns 1,485 shares of the company’s stock valued at $94,000 after purchasing an additional 591 shares during the last quarter.

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.