Jennison Associates LLC Sells 91,296 Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Jennison Associates LLC lowered its position in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC - Free Report) by 11.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 695,861 shares of the company's stock after selling 91,296 shares during the period. Jennison Associates LLC owned 0.75% of Acadia Healthcare worth $44,125,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ACHC. Blue Trust Inc. lifted its holdings in Acadia Healthcare by 86.1% in the second quarter. Blue Trust Inc. now owns 536 shares of the company's stock valued at $36,000 after acquiring an additional 248 shares during the period. GAMMA Investing LLC increased its holdings in Acadia Healthcare by 57.1% in the 3rd quarter. GAMMA Investing LLC now owns 663 shares of the company's stock valued at $42,000 after purchasing an additional 241 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Acadia Healthcare during the 2nd quarter valued at $59,000. Covestor Ltd increased its stake in shares of Acadia Healthcare by 834.4% in the third quarter. Covestor Ltd now owns 1,140 shares of the company's stock worth $72,000 after buying an additional 1,018 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Acadia Healthcare in the 3rd quarter worth approximately $86,000.

Acadia Healthcare Stock Down 0.6 %

ACHC traded down $0.24 during midday trading on Friday, hitting $38.35. The company had a trading volume of 429,145 shares, compared to its average volume of 1,009,997. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 1.64 and a beta of 1.33. The stock's 50 day moving average price is $54.95 and its 200 day moving average price is $64.77. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.60. Acadia Healthcare Company, Inc. has a 52 week low of $36.50 and a 52 week high of $87.77.

Acadia Healthcare (NASDAQ:ACHC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.90 by $0.01. The firm had revenue of $815.60 million during the quarter, compared to analyst estimates of $819.42 million. Acadia Healthcare had a net margin of 8.99% and a return on equity of 11.12%. The company's revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. On average, research analysts anticipate that Acadia Healthcare Company, Inc. will post 3.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

ACHC has been the subject of a number of recent analyst reports. KeyCorp started coverage on Acadia Healthcare in a research report on Friday, October 11th. They issued a "sector weight" rating for the company. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $90.00 price target on shares of Acadia Healthcare in a research note on Tuesday, October 1st. StockNews.com lowered shares of Acadia Healthcare from a "hold" rating to a "sell" rating in a report on Friday. Royal Bank of Canada reduced their price objective on Acadia Healthcare from $94.00 to $64.00 and set an "outperform" rating on the stock in a research note on Monday. Finally, Barclays lowered their price objective on shares of Acadia Healthcare from $76.00 to $43.00 and set an "overweight" rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $79.67.

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.