Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Sees Large Growth in Short Interest

Acadia Healthcare Company, Inc. (NASDAQ:ACHCGet Rating) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 4,110,000 shares, a growth of 12.6% from the August 15th total of 3,650,000 shares. Based on an average trading volume of 576,900 shares, the days-to-cover ratio is currently 7.1 days. Currently, 4.6% of the shares of the stock are short sold.

Acadia Healthcare Trading Up 0.4 %

ACHC stock opened at $84.17 on Monday. The company has a market cap of $7.65 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 2.02 and a beta of 1.28. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.52. The business has a fifty day simple moving average of $80.73 and a 200-day simple moving average of $73.04. Acadia Healthcare has a 52 week low of $50.07 and a 52 week high of $86.75.

Acadia Healthcare (NASDAQ:ACHCGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Acadia Healthcare had a return on equity of 10.34% and a net margin of 11.32%. The business had revenue of $651.72 million during the quarter, compared to the consensus estimate of $650.80 million. During the same period in the prior year, the firm posted $0.71 EPS. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities research analysts expect that Acadia Healthcare will post 3.08 EPS for the current year.

Insider Transactions at Acadia Healthcare

In related news, EVP Christopher L. Howard sold 12,214 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $81.67, for a total value of $997,517.38. Following the sale, the executive vice president now owns 149,147 shares of the company’s stock, valued at approximately $12,180,835.49. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Christopher L. Howard sold 12,214 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $81.67, for a total value of $997,517.38. Following the sale, the executive vice president now owns 149,147 shares of the company’s stock, valued at approximately $12,180,835.49. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director William M. Petrie sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $83.42, for a total value of $500,520.00. Following the completion of the sale, the director now directly owns 31,769 shares in the company, valued at approximately $2,650,169.98. The disclosure for this sale can be found here. Insiders have sold 34,094 shares of company stock valued at $2,788,568 in the last quarter. 1.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Acadia Healthcare

Several large investors have recently added to or reduced their stakes in the stock. Synovus Financial Corp increased its holdings in Acadia Healthcare by 3.4% in the 2nd quarter. Synovus Financial Corp now owns 4,486 shares of the company’s stock valued at $299,000 after purchasing an additional 148 shares in the last quarter. AE Wealth Management LLC increased its holdings in Acadia Healthcare by 1.9% in the 2nd quarter. AE Wealth Management LLC now owns 9,177 shares of the company’s stock valued at $621,000 after purchasing an additional 169 shares in the last quarter. Securian Asset Management Inc. increased its holdings in Acadia Healthcare by 2.4% in the 2nd quarter. Securian Asset Management Inc. now owns 8,253 shares of the company’s stock valued at $558,000 after purchasing an additional 194 shares in the last quarter. State of Michigan Retirement System increased its holdings in Acadia Healthcare by 0.9% in the 2nd quarter. State of Michigan Retirement System now owns 23,030 shares of the company’s stock valued at $1,558,000 after purchasing an additional 200 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its holdings in Acadia Healthcare by 1.4% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 15,152 shares of the company’s stock valued at $1,025,000 after purchasing an additional 215 shares in the last quarter. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ACHC shares. Deutsche Bank Aktiengesellschaft increased their price target on Acadia Healthcare from $70.00 to $82.00 in a research note on Monday, August 1st. SVB Leerink increased their price target on Acadia Healthcare from $95.00 to $103.00 and gave the stock an “outperform” rating in a research note on Friday, August 26th. Jefferies Financial Group increased their price target on Acadia Healthcare from $85.00 to $95.00 in a research note on Thursday, July 28th. Loop Capital started coverage on Acadia Healthcare in a research note on Thursday, June 16th. They set a “hold” rating and a $72.00 price target on the stock. Finally, UBS Group increased their price target on Acadia Healthcare from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.88.

About Acadia Healthcare

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Acadia Healthcare Company, Inc provides behavioral healthcare services in the United States and Puerto Rico. The company offers behavioral healthcare services to its patients in various settings, including inpatient psychiatric hospitals, specialty treatment facilities, residential treatment centers, and outpatient clinics.

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