Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Stock Position Raised by William Blair Investment Management LLC

William Blair Investment Management LLC lifted its holdings in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 19.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,048,854 shares of the company’s stock after buying an additional 504,572 shares during the period. Acadia Healthcare accounts for approximately 0.8% of William Blair Investment Management LLC’s holdings, making the stock its 25th biggest position. William Blair Investment Management LLC owned 3.31% of Acadia Healthcare worth $242,811,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ACHC. Advisor Group Holdings Inc. boosted its stake in Acadia Healthcare by 21.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 4,111 shares of the company’s stock valued at $270,000 after purchasing an additional 721 shares during the period. Bank of Montreal Can boosted its stake in Acadia Healthcare by 3.8% during the 1st quarter. Bank of Montreal Can now owns 7,263 shares of the company’s stock valued at $477,000 after purchasing an additional 266 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Acadia Healthcare by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,961 shares of the company’s stock valued at $2,160,000 after purchasing an additional 3,143 shares during the period. Great West Life Assurance Co. Can boosted its stake in Acadia Healthcare by 7.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 48,461 shares of the company’s stock valued at $3,262,000 after purchasing an additional 3,349 shares during the period. Finally, Yousif Capital Management LLC boosted its stake in Acadia Healthcare by 2.1% during the 1st quarter. Yousif Capital Management LLC now owns 48,080 shares of the company’s stock valued at $3,151,000 after purchasing an additional 982 shares during the period.

Analyst Ratings Changes

ACHC has been the subject of a number of research analyst reports. Cantor Fitzgerald upped their price target on shares of Acadia Healthcare from $83.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, September 14th. TheStreet lowered shares of Acadia Healthcare from a “b” rating to a “c” rating in a research note on Friday, November 3rd. Royal Bank of Canada reduced their price target on shares of Acadia Healthcare from $99.00 to $94.00 and set an “outperform” rating for the company in a research note on Tuesday, November 7th. Finally, StockNews.com initiated coverage on shares of Acadia Healthcare in a research note on Thursday, October 5th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $85.71.

Acadia Healthcare Price Performance

ACHC stock traded down $0.33 on Monday, hitting $72.38. 102,628 shares of the company’s stock traded hands, compared to its average volume of 581,781. Acadia Healthcare Company, Inc. has a 1-year low of $66.49 and a 1-year high of $89.85. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of -346.24, a P/E/G ratio of 1.97 and a beta of 1.44. The stock has a fifty day moving average of $72.41 and a 200-day moving average of $73.54. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50.

Insider Activity at Acadia Healthcare

In other news, EVP John S. Hollinsworth sold 92,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $74.01, for a total transaction of $6,845,925.00. Following the sale, the executive vice president now owns 84,630 shares in the company, valued at $6,263,466.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP John S. Hollinsworth sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $73.00, for a total transaction of $1,460,000.00. Following the sale, the executive vice president now owns 177,130 shares in the company, valued at $12,930,490. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John S. Hollinsworth sold 92,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $74.01, for a total transaction of $6,845,925.00. Following the sale, the executive vice president now owns 84,630 shares in the company, valued at approximately $6,263,466.30. The disclosure for this sale can be found here. Insiders sold a total of 140,000 shares of company stock valued at $10,350,325 over the last ninety days. Insiders own 2.80% of the company’s stock.

Acadia Healthcare Profile

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