Acadia Healthcare (NASDAQ:ACHC) Reaches New 12-Month Low - Here's What Happened

Acadia Healthcare Company, Inc. (NASDAQ:ACHC - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $28.04 and last traded at $28.12, with a volume of 60054 shares trading hands. The stock had previously closed at $29.12.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ACHC. TD Cowen cut their price objective on Acadia Healthcare from $70.00 to $66.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Bank of America cut their price objective on Acadia Healthcare from $50.00 to $44.50 and set a "buy" rating for the company in a research note on Friday, February 28th. Cantor Fitzgerald reissued a "neutral" rating and issued a $52.00 price target on shares of Acadia Healthcare in a report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft raised Acadia Healthcare from a "hold" rating to a "buy" rating and boosted their price target for the stock from $45.00 to $75.00 in a report on Thursday, December 12th. Finally, StockNews.com cut Acadia Healthcare from a "hold" rating to a "sell" rating in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $56.31.

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Acadia Healthcare Stock Up 1.3 %

The firm has a market capitalization of $2.65 billion, a PE ratio of 9.36, a PEG ratio of 1.46 and a beta of 1.38. The company has a fifty day moving average price of $40.15 and a 200-day moving average price of $48.31. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.07 and a current ratio of 1.07.

Hedge Funds Weigh In On Acadia Healthcare

Several large investors have recently modified their holdings of ACHC. FMR LLC increased its position in shares of Acadia Healthcare by 257.9% during the 4th quarter. FMR LLC now owns 6,230,631 shares of the company's stock valued at $247,045,000 after purchasing an additional 4,489,681 shares during the last quarter. Madison Avenue Partners LP bought a new position in Acadia Healthcare in the 4th quarter valued at $76,339,000. Sachem Head Capital Management LP bought a new position in Acadia Healthcare in the 4th quarter valued at $52,734,000. Wellington Management Group LLP grew its position in Acadia Healthcare by 12.2% in the 3rd quarter. Wellington Management Group LLP now owns 11,658,253 shares of the company's stock valued at $739,250,000 after acquiring an additional 1,266,384 shares during the last quarter. Finally, Khrom Capital Management LLC bought a new position in Acadia Healthcare in the 4th quarter valued at $49,602,000.

About Acadia Healthcare

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.