California Public Employees Retirement System Sells 222,046 Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

California Public Employees Retirement System trimmed its holdings in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC - Free Report) by 65.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 116,739 shares of the company's stock after selling 222,046 shares during the quarter. California Public Employees Retirement System owned about 0.13% of Acadia Healthcare worth $4,629,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of ACHC. Lindbrook Capital LLC increased its position in shares of Acadia Healthcare by 1,342.0% in the fourth quarter. Lindbrook Capital LLC now owns 721 shares of the company's stock worth $29,000 after purchasing an additional 671 shares during the period. Blue Trust Inc. increased its holdings in Acadia Healthcare by 69.4% in the 4th quarter. Blue Trust Inc. now owns 842 shares of the company's stock valued at $33,000 after buying an additional 345 shares during the period. Nisa Investment Advisors LLC raised its position in shares of 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. Signaturefd LLC lifted its holdings in shares of Acadia Healthcare by 460.6% during the 4th quarter. Signaturefd LLC now owns 1,222 shares of the company's stock worth $48,000 after acquiring an additional 1,004 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of Acadia Healthcare by 56.0% during the 4th quarter. Fifth Third Bancorp now owns 1,264 shares of the company's stock worth $50,000 after acquiring an additional 454 shares in the last quarter.

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Acadia Healthcare Trading Down 0.2 %

NASDAQ ACHC traded down $0.07 on Monday, reaching $26.09. The company had a trading volume of 59,197 shares, compared to its average volume of 1,943,860. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 8.55, a P/E/G ratio of 1.46 and a beta of 1.13. The business has a 50 day moving average of $33.22 and a two-hundred day moving average of $40.94. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 1.07. Acadia Healthcare Company, Inc. has a fifty-two week low of $25.41 and a fifty-two week high of $82.40.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. 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 report on Tuesday, January 7th. Guggenheim started coverage on Acadia Healthcare in a research note on Wednesday, April 9th. They issued a "buy" rating and a $36.00 price objective on the stock. KeyCorp dropped their target price on shares of Acadia Healthcare from $70.00 to $65.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Barclays lowered shares of Acadia Healthcare from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $43.00 to $35.00 in a report on Friday, February 28th. Finally, Mizuho dropped their price objective on shares of Acadia Healthcare from $48.00 to $37.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Acadia Healthcare has an average rating of "Moderate Buy" and an average target price of $50.39.

Acadia Healthcare Company 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.