Bank of Montreal Can Reduces Holdings in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Bank of Montreal Can reduced its position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC - Free Report) by 95.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,389 shares of the company's stock after selling 309,180 shares during the period. Bank of Montreal Can's holdings in Acadia Healthcare were worth $610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Lindbrook Capital LLC raised its position in 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. raised its holdings in Acadia Healthcare by 69.4% in the 4th quarter. Blue Trust Inc. now owns 842 shares of the company's stock worth $33,000 after purchasing an additional 345 shares during the period. Nisa Investment Advisors LLC raised its holdings in 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 purchasing an additional 301 shares during the period. Signaturefd LLC grew its holdings in Acadia Healthcare by 460.6% during the fourth quarter. Signaturefd LLC now owns 1,222 shares of the company's stock valued at $48,000 after purchasing an additional 1,004 shares during the period. Finally, Fifth Third Bancorp increased its position in 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 Stock Performance

Shares of Acadia Healthcare stock traded up $0.97 during trading on Thursday, reaching $22.17. The company's stock had a trading volume of 1,200,958 shares, compared to its average volume of 2,165,516. Acadia Healthcare Company, Inc. has a fifty-two week low of $20.36 and a fifty-two week high of $82.40. The company has a 50-day moving average price of $30.17 and a two-hundred day moving average price of $39.18. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.60. The firm has a market cap of $2.04 billion, a PE ratio of 7.27, a P/E/G ratio of 1.46 and a beta of 1.13.

Analyst Ratings Changes

Several equities analysts have weighed in on ACHC shares. Bank of America lowered their price target on shares of Acadia Healthcare from $50.00 to $44.50 and set a "buy" rating on the stock in a report on Friday, February 28th. TD Cowen reduced their target price on shares of Acadia Healthcare from $70.00 to $66.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. 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 on the stock. KeyCorp lowered their target price on Acadia Healthcare from $70.00 to $65.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Finally, Mizuho lowered their price objective on Acadia Healthcare from $48.00 to $37.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Acadia Healthcare currently has a consensus rating of "Moderate Buy" and an average target price of $50.39.

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.