Systematic Financial Management LP Sells 19,700 Shares of Acadia Healthcare Company Inc (NASDAQ:ACHC)

Systematic Financial Management LP lowered its holdings in shares of Acadia Healthcare Company Inc (NASDAQ:ACHC) by 42.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 26,615 shares of the company’s stock after selling 19,700 shares during the period. Systematic Financial Management LP’s holdings in Acadia Healthcare were worth $930,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in Acadia Healthcare by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,591,881 shares of the company’s stock valued at $143,767,000 after buying an additional 176,791 shares during the period. Neuberger Berman Group LLC boosted its position in Acadia Healthcare by 89.3% during the 1st quarter. Neuberger Berman Group LLC now owns 1,658,751 shares of the company’s stock valued at $48,620,000 after buying an additional 782,480 shares during the period. First Trust Advisors LP boosted its position in Acadia Healthcare by 11.6% during the 1st quarter. First Trust Advisors LP now owns 1,501,316 shares of the company’s stock valued at $44,004,000 after buying an additional 156,081 shares during the period. State of New Jersey Common Pension Fund D boosted its position in Acadia Healthcare by 2.0% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 1,000,000 shares of the company’s stock valued at $29,310,000 after buying an additional 20,000 shares during the period. Finally, Norges Bank purchased a new stake in Acadia Healthcare during the 4th quarter valued at $24,857,000.

Shares of ACHC stock traded down $0.50 during trading hours on Friday, reaching $28.77. The company had a trading volume of 455,717 shares, compared to its average volume of 755,883. The business has a fifty day moving average of $32.71. Acadia Healthcare Company Inc has a one year low of $24.27 and a one year high of $45.35. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 1.29 and a beta of 0.68. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.53.

Acadia Healthcare (NASDAQ:ACHC) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. The company had revenue of $789.00 million for the quarter, compared to the consensus estimate of $795.31 million. Acadia Healthcare had a negative net margin of 6.80% and a positive return on equity of 7.20%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 earnings per share. As a group, research analysts anticipate that Acadia Healthcare Company Inc will post 2.14 earnings per share for the current fiscal year.

Several brokerages have weighed in on ACHC. BidaskClub cut shares of Acadia Healthcare from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 6th. TheStreet raised shares of Acadia Healthcare from a “d+” rating to a “c” rating in a research report on Monday, June 17th. Deutsche Bank set a $32.00 price target on shares of Acadia Healthcare and gave the company a “hold” rating in a research report on Thursday, May 2nd. ValuEngine raised shares of Acadia Healthcare from a “strong sell” rating to a “sell” rating in a research report on Wednesday, April 24th. Finally, Mizuho set a $30.00 price target on shares of Acadia Healthcare and gave the company a “hold” rating in a research report on Friday, May 31st. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $37.00.

Acadia Healthcare Company 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 in the United States, the United Kingdom, and Puerto Rico.

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Institutional Ownership by Quarter for Acadia Healthcare (NASDAQ:ACHC)

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