Van ECK Associates Corp Acquires New Shares in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Van ECK Associates Corp purchased a new position in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHCGet Rating) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,782 shares of the company’s stock, valued at approximately $921,000.

Other hedge funds also recently bought and sold shares of the company. Texas Permanent School Fund increased its position in Acadia Healthcare by 2.6% during the second quarter. Texas Permanent School Fund now owns 65,431 shares of the company’s stock worth $4,425,000 after buying an additional 1,671 shares in the last quarter. TCW Group Inc. increased its position in Acadia Healthcare by 23.2% during the second quarter. TCW Group Inc. now owns 38,524 shares of the company’s stock worth $2,605,000 after buying an additional 7,247 shares in the last quarter. Keybank National Association OH purchased a new position in Acadia Healthcare during the second quarter worth $536,000. Robeco Institutional Asset Management B.V. purchased a new position in Acadia Healthcare during the third quarter worth $343,000. Finally, Sivik Global Healthcare LLC increased its position in Acadia Healthcare by 40.0% during the second quarter. Sivik Global Healthcare LLC now owns 70,000 shares of the company’s stock worth $4,734,000 after buying an additional 20,000 shares in the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.

Analysts Set New Price Targets

ACHC has been the subject of several recent research reports. StockNews.com began coverage on Acadia Healthcare in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Loop Capital upgraded Acadia Healthcare from a “hold” rating to a “buy” rating and raised their price objective for the stock from $90.00 to $95.00 in a report on Monday, December 12th. UBS Group decreased their price objective on Acadia Healthcare to $96.00 in a report on Friday, November 4th. Stephens raised their price objective on Acadia Healthcare from $86.00 to $88.00 and gave the stock an “equal weight” rating in a report on Thursday, December 8th. Finally, Mizuho raised their price objective on Acadia Healthcare from $80.00 to $87.00 and gave the stock a “neutral” rating in a report on Thursday, December 8th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $89.90.

Acadia Healthcare Price Performance

Shares of Acadia Healthcare stock opened at $86.00 on Monday. Acadia Healthcare Company, Inc. has a twelve month low of $50.07 and a twelve month high of $89.85. The stock has a market capitalization of $7.82 billion, a P/E ratio of 27.74, a PEG ratio of 2.00 and a beta of 1.26. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.50. The business’s fifty day moving average price is $83.46 and its 200 day moving average price is $81.17.

Acadia Healthcare (NASDAQ:ACHCGet Rating) last issued its earnings results on Monday, October 31st. The company reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. The firm had revenue of $666.73 million for the quarter, compared to analysts’ expectations of $656.66 million. Acadia Healthcare had a return on equity of 10.34% and a net margin of 11.16%. As a group, research analysts anticipate that Acadia Healthcare Company, Inc. will post 3.08 earnings per share for the current year.

Acadia Healthcare Profile

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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.

Further Reading

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

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