Beach Point Capital Management LP Acquires New Stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Beach Point Capital Management LP bought a new position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 355,540 shares of the company's stock, valued at approximately $14,097,000. Acadia Healthcare comprises 1.5% of Beach Point Capital Management LP's portfolio, making the stock its 6th largest position. Beach Point Capital Management LP owned approximately 0.38% of Acadia Healthcare as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of Acadia Healthcare by 57.1% in the third quarter. GAMMA Investing LLC now owns 663 shares of the company's stock valued at $42,000 after purchasing an additional 241 shares during the period. Nisa Investment Advisors LLC lifted its stake in Acadia Healthcare by 40.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,040 shares of the company's stock valued at $41,000 after buying an additional 301 shares in the last quarter. Atria Investments Inc boosted its holdings in Acadia Healthcare by 4.7% in the 3rd quarter. Atria Investments Inc now owns 6,844 shares of the company's stock worth $434,000 after buying an additional 308 shares during the last quarter. Pacer Advisors Inc. increased its stake in Acadia Healthcare by 2.4% during the 4th quarter. Pacer Advisors Inc. now owns 13,847 shares of the company's stock worth $549,000 after buying an additional 325 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of Acadia Healthcare by 14.4% during the third quarter. KBC Group NV now owns 2,688 shares of the company's stock valued at $170,000 after acquiring an additional 338 shares during the last quarter.

Acadia Healthcare Stock Down 1.7 %

Shares of ACHC stock traded down $0.69 on Monday, reaching $41.06. 779,395 shares of the stock were exchanged, compared to its average volume of 1,313,114. Acadia Healthcare Company, Inc. has a twelve month low of $36.50 and a twelve month high of $87.77. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 1.75 and a beta of 1.30. The business's 50 day moving average price is $42.09 and its 200 day moving average price is $53.67.

Analyst Ratings Changes

ACHC has been the subject of a number of recent research reports. Cantor Fitzgerald reiterated a "neutral" rating and issued a $52.00 target price on shares of Acadia Healthcare in a research report on Tuesday, December 10th. TD Cowen reduced their target price on Acadia Healthcare from $70.00 to $66.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. KeyCorp raised shares of Acadia Healthcare from a "sector weight" rating to an "overweight" rating and set a $70.00 target price for the company in a research note on Tuesday, January 7th. Barclays reduced their price target on shares of Acadia Healthcare from $76.00 to $43.00 and set an "overweight" rating on the stock in a research note on Friday, November 22nd. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $64.00 target price on shares of Acadia Healthcare in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Acadia Healthcare presently has a consensus rating of "Moderate Buy" and an average price target of $70.22.

Acadia Healthcare Profile

Acadia Healthcare Company, Inc provides behavioral healthcare services in the United States and Puerto Rico. The company develops and operates acute inpatient psychiatric facilities, specialty treatment facilities comprising residential recovery facilities and eating disorder facilities, comprehensive treatment centers, and residential treatment centers, as well as facilities offering outpatient behavioral healthcare services for the behavioral healthcare and recovery needs of communities.