Acadia Healthcare (NASDAQ:ACHC) Coverage Initiated at Loop Capital

Equities researchers at Loop Capital initiated coverage on shares of Acadia Healthcare (NASDAQ:ACHCGet Rating) in a research report issued on Thursday, The Fly reports. The brokerage set a “hold” rating on the stock.

Several other research analysts have also weighed in on ACHC. SVB Leerink raised their price objective on shares of Acadia Healthcare from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, April 8th. Mizuho upped their price target on shares of Acadia Healthcare from $64.00 to $69.00 in a research note on Wednesday, May 4th. StockNews.com began coverage on shares of Acadia Healthcare in a research note on Thursday, March 31st. They set a “hold” rating for the company. BMO Capital Markets increased their price target on shares of Acadia Healthcare from $67.00 to $82.00 in a research note on Friday, May 6th. Finally, Credit Suisse Group increased their price target on shares of Acadia Healthcare from $74.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Acadia Healthcare has a consensus rating of “Hold” and a consensus target price of $75.82.

NASDAQ ACHC traded up $0.19 during trading hours on Thursday, hitting $66.14. 44,273 shares of the stock were exchanged, compared to its average volume of 570,502. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 1.77 and a beta of 1.28. Acadia Healthcare has a 12-month low of $50.07 and a 12-month high of $76.69. The stock has a 50-day moving average of $70.44 and a 200 day moving average of $62.64. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.57.

Acadia Healthcare (NASDAQ:ACHCGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.63 by $0.04. The business had revenue of $616.65 million for the quarter, compared to analyst estimates of $606.49 million. Acadia Healthcare had a net margin of 10.16% and a return on equity of 10.16%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 earnings per share. On average, equities research analysts expect that Acadia Healthcare will post 3.09 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Walleye Capital LLC acquired a new stake in shares of Acadia Healthcare during the 1st quarter worth approximately $216,000. Sawtooth Solutions LLC acquired a new stake in shares of Acadia Healthcare during the 1st quarter worth approximately $256,000. BNP Paribas Arbitrage SA grew its position in shares of Acadia Healthcare by 117.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 31,412 shares of the company’s stock worth $2,058,000 after buying an additional 16,954 shares during the period. Keeley Teton Advisors LLC boosted its stake in Acadia Healthcare by 35.9% during the 1st quarter. Keeley Teton Advisors LLC now owns 31,689 shares of the company’s stock worth $2,077,000 after acquiring an additional 8,370 shares during the last quarter. Finally, Mirabella Financial Services LLP boosted its stake in Acadia Healthcare by 132.3% during the 1st quarter. Mirabella Financial Services LLP now owns 42,571 shares of the company’s stock worth $2,790,000 after acquiring an additional 24,243 shares during the last quarter. Hedge funds and other institutional investors own 99.66% of the company’s stock.

Acadia Healthcare Company Profile (Get Rating)

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 and Puerto Rico.

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