Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Shares Sold by American Century Companies Inc.

American Century Companies Inc. decreased its position in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC - Free Report) by 95.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,569 shares of the company's stock after selling 411,457 shares during the quarter. American Century Companies Inc.'s holdings in Acadia Healthcare were worth $697,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ACHC. State Street Corp lifted its position in shares of Acadia Healthcare by 3.5% in the 3rd quarter. State Street Corp now owns 2,819,911 shares of the company's stock worth $178,811,000 after purchasing an additional 95,613 shares during the period. JPMorgan Chase & Co. raised its position in shares of Acadia Healthcare by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,126,607 shares of the company's stock worth $198,258,000 after acquiring an additional 454,044 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Acadia Healthcare by 713.3% during the 4th quarter. SG Americas Securities LLC now owns 110,866 shares of the company's stock worth $4,396,000 after purchasing an additional 97,235 shares during the last quarter. Beach Point Capital Management LP purchased a new position in Acadia Healthcare in the fourth quarter valued at about $14,097,000. Finally, Geode Capital Management LLC raised its holdings 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 purchasing an additional 14,197 shares in the last quarter.

Remove Ads

Wall Street Analyst Weigh In

ACHC has been the subject of several recent analyst reports. Royal Bank of Canada reduced their price objective on shares of Acadia Healthcare from $64.00 to $43.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. TD Cowen lowered their price objective on Acadia Healthcare from $70.00 to $66.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. Mizuho reduced their target price on Acadia Healthcare from $48.00 to $37.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. Bank of America dropped their price target on 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, Guggenheim started coverage on shares of Acadia Healthcare in a research note on Wednesday, April 9th. They issued a "buy" rating and a $36.00 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $50.39.

Acadia Healthcare Trading Down 2.4 %

Acadia Healthcare stock traded down $0.59 during trading on Wednesday, reaching $24.14. 1,498,636 shares of the company were exchanged, compared to its average volume of 1,978,358. Acadia Healthcare Company, Inc. has a 52-week low of $24.12 and a 52-week high of $82.40. The company has a market capitalization of $2.24 billion, a P/E ratio of 7.91, a PEG ratio of 1.46 and a beta of 1.13. The stock's 50 day simple moving average is $32.49 and its two-hundred day simple moving average is $40.58. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 1.07.

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.