Texas Permanent School Fund boosted its stake in Acadia Healthcare Company Inc (NASDAQ:ACHC) by 4.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 55,542 shares of the company’s stock after buying an additional 2,580 shares during the quarter. Texas Permanent School Fund’s holdings in Acadia Healthcare were worth $1,955,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alpine Woods Capital Investors LLC acquired a new stake in shares of Acadia Healthcare during the second quarter valued at about $153,000. New Jersey Better Educational Savings Trust acquired a new stake in shares of Acadia Healthcare during the second quarter valued at about $205,000. Bbva Compass Bancshares Inc. acquired a new stake in shares of Acadia Healthcare during the second quarter valued at about $259,000. Strs Ohio acquired a new stake in shares of Acadia Healthcare during the third quarter valued at about $308,000. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Acadia Healthcare by 118.3% during the second quarter. BNP Paribas Arbitrage SA now owns 8,425 shares of the company’s stock valued at $345,000 after acquiring an additional 4,566 shares in the last quarter.
Shares of Acadia Healthcare stock opened at $40.91 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.24 and a quick ratio of 1.24. Acadia Healthcare Company Inc has a 1-year low of $26.92 and a 1-year high of $45.35. The stock has a market cap of $3.44 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 1.52 and a beta of 0.22.
In other news, Director Reeve B. Waud sold 41,865 shares of the stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $45.00, for a total transaction of $1,883,925.00. Following the transaction, the director now owns 14,213 shares of the company’s stock, valued at $639,585. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 11.10% of the company’s stock.
Several analysts have recently weighed in on ACHC shares. BidaskClub downgraded Acadia Healthcare from a “buy” rating to a “hold” rating in a research note on Thursday, September 13th. ValuEngine upgraded Acadia Healthcare from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 26th. Credit Suisse Group raised their target price on Acadia Healthcare from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Tuesday, July 31st. Mizuho set a $37.00 target price on Acadia Healthcare and gave the company a “hold” rating in a research note on Thursday, October 18th. Finally, BMO Capital Markets downgraded Acadia Healthcare from an “outperform” rating to a “market perform” rating and set a $45.00 target price for the company. in a research note on Wednesday, August 1st. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $43.11.
Acadia Healthcare Profile
Acadia Healthcare Company, Inc develops and operates inpatient psychiatric facilities, residential treatment centers, group homes, substance abuse facilities, and outpatient behavioral healthcare facilities to serve the behavioral health and recovery needs of communities. The company operates acute inpatient psychiatric facilities, which offer evaluation and crisis stabilization of patients with severe psychiatric diagnoses; specialty treatment facilities, including residential recovery facilities, eating disorder facilities, and comprehensive treatment centers that provide continuum care for adults with addictive disorders and co-occurring mental disorders; and residential treatment centers, which treat patients with behavioral disorders in a non-hospital setting, including outdoor programs.
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