Acadia Healthcare (NASDAQ:ACHC) Hits New 1-Year Low - Here's Why

Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC - Get Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $26.72 and last traded at $27.37, with a volume of 1613368 shares trading hands. The stock had previously closed at $28.38.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ACHC shares. Deutsche Bank Aktiengesellschaft raised shares of Acadia Healthcare from a "hold" rating to a "buy" rating and lifted their target price for the company from $45.00 to $75.00 in a research note on Thursday, December 12th. KeyCorp cut their target price on shares of Acadia Healthcare from $70.00 to $65.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. TD Cowen dropped their price objective on shares of 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 decreased their price objective on shares of Acadia Healthcare from $50.00 to $44.50 and set a "buy" rating on the stock in a research note on Friday, February 28th. Finally, Mizuho decreased their price objective on shares of Acadia Healthcare from $48.00 to $37.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. One investment 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's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $50.39.

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Acadia Healthcare Stock Performance

The firm has a market capitalization of $2.51 billion, a P/E ratio of 8.90, a price-to-earnings-growth ratio of 1.46 and a beta of 1.13. The company has a 50-day moving average of $33.96 and a 200-day moving average of $41.87. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.60.

Institutional Trading of Acadia Healthcare

Several institutional investors and hedge funds have recently modified their holdings of the stock. Lindbrook Capital LLC boosted its holdings 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 acquiring an additional 671 shares during the period. Blue Trust Inc. lifted its stake in Acadia Healthcare by 69.4% in the fourth quarter. Blue Trust Inc. now owns 842 shares of the company's stock worth $33,000 after acquiring 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 worth $41,000 after acquiring an additional 301 shares in the last quarter. Signaturefd LLC grew its holdings in Acadia Healthcare by 460.6% in the fourth quarter. Signaturefd LLC now owns 1,222 shares of the company's stock worth $48,000 after purchasing an additional 1,004 shares during the period. Finally, Fifth Third Bancorp lifted its stake in shares of Acadia Healthcare by 56.0% in the fourth quarter. Fifth Third Bancorp now owns 1,264 shares of the company's stock worth $50,000 after buying an additional 454 shares in the last quarter.

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.