Acadia Healthcare (NASDAQ:ACHC) Stock Price Down 5.5% – Here’s What Happened

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) fell 5.5% on Tuesday . The stock traded as low as $38.18 and last traded at $38.56. 154,197 shares changed hands during trading, a decline of 85% from the average session volume of 1,028,640 shares. The stock had previously closed at $40.80.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ACHC shares. StockNews.com cut Acadia Healthcare from a “hold” rating to a “sell” rating in a research report on Friday, November 22nd. KeyCorp began coverage on shares of Acadia Healthcare in a research report on Friday, October 11th. They set a “sector weight” rating for the company. Royal Bank of Canada dropped their price objective on shares of Acadia Healthcare from $94.00 to $64.00 and set an “outperform” rating on the stock in a report on Monday, November 18th. Barclays reduced their target price on shares of Acadia Healthcare from $76.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Acadia Healthcare presently has an average rating of “Hold” and a consensus price target of $75.44.

Acadia Healthcare Trading Down 1.3 %

The stock’s 50-day moving average price is $46.85 and its 200 day moving average price is $62.46. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $3.74 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 1.82 and a beta of 1.30.

Acadia Healthcare (NASDAQ:ACHC) last issued its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. Acadia Healthcare had a return on equity of 11.12% and a net margin of 8.99%. The business had revenue of $815.60 million during the quarter, compared to analyst estimates of $819.42 million. During the same period in the previous year, the company posted $0.91 EPS. Acadia Healthcare’s revenue was up 8.7% on a year-over-year basis. On average, sell-side analysts expect that Acadia Healthcare Company, Inc. will post 3.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Acadia Healthcare

Hedge funds have recently modified their holdings of the business. Blue Trust Inc. raised its position in shares of Acadia Healthcare by 86.1% in the 2nd quarter. Blue Trust Inc. now owns 536 shares of the company’s stock worth $36,000 after acquiring an additional 248 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Acadia Healthcare by 57.1% during the third quarter. GAMMA Investing LLC now owns 663 shares of the company’s stock valued at $42,000 after buying an additional 241 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Acadia Healthcare in the 2nd quarter valued at about $59,000. Covestor Ltd raised its stake in shares of Acadia Healthcare by 834.4% during the 3rd quarter. Covestor Ltd now owns 1,140 shares of the company’s stock worth $72,000 after acquiring an additional 1,018 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Acadia Healthcare during the third quarter valued at approximately $86,000.

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.