Franklin Resources Inc. Has $2.03 Million Stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Franklin Resources Inc. reduced its stake in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC - Free Report) by 51.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,076 shares of the company's stock after selling 54,152 shares during the quarter. Franklin Resources Inc. owned about 0.05% of Acadia Healthcare worth $2,025,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of Acadia Healthcare by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 3,126,607 shares of the company's stock valued at $198,258,000 after buying an additional 454,044 shares during the period. SG Americas Securities LLC raised its holdings in shares of Acadia Healthcare by 713.3% during the fourth quarter. SG Americas Securities LLC now owns 110,866 shares of the company's stock worth $4,396,000 after acquiring an additional 97,235 shares in the last quarter. Beach Point Capital Management LP acquired a new stake in shares of Acadia Healthcare during the 4th quarter valued at about $14,097,000. Geode Capital Management LLC grew its position in Acadia Healthcare by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,613,198 shares of the company's stock worth $102,320,000 after acquiring an additional 14,197 shares in the last quarter. Finally, Stephens Investment Management Group LLC raised its holdings in Acadia Healthcare by 24.9% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,475,166 shares of the company's stock valued at $58,490,000 after buying an additional 294,210 shares in the last quarter.

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Acadia Healthcare Stock Down 6.3 %

Shares of ACHC stock traded down $1.66 during trading on Tuesday, reaching $24.73. The company's stock had a trading volume of 2,929,369 shares, compared to its average volume of 1,485,981. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 8.11, a price-to-earnings-growth ratio of 1.46 and a beta of 1.13. Acadia Healthcare Company, Inc. has a one year low of $24.72 and a one year high of $82.41. The business has a fifty day moving average price of $32.49 and a 200-day moving average price of $40.58. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.60.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ACHC. TD Cowen lowered 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. KeyCorp dropped their price objective on Acadia Healthcare from $70.00 to $65.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. StockNews.com cut Acadia Healthcare from a "hold" rating to a "sell" rating in a report on Monday, January 6th. Mizuho reduced their target price on shares of Acadia Healthcare from $48.00 to $37.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. Finally, Guggenheim started coverage on Acadia Healthcare in a report on Wednesday, April 9th. They set a "buy" rating and a $36.00 price objective for the company. 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 company. According to data from MarketBeat, Acadia Healthcare has a consensus rating of "Moderate Buy" and a consensus price target of $50.39.

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.