Congress Asset Management Co. Purchases 20,248 Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Congress Asset Management Co. grew its stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC - Free Report) by 17.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,189 shares of the company's stock after purchasing an additional 20,248 shares during the quarter. Congress Asset Management Co. owned approximately 0.15% of Acadia Healthcare worth $5,519,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ACHC. State Street Corp boosted its holdings in Acadia Healthcare by 3.5% during the 3rd quarter. State Street Corp now owns 2,819,911 shares of the company's stock worth $178,811,000 after acquiring an additional 95,613 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Acadia Healthcare by 17.0% during the third quarter. JPMorgan Chase & Co. now owns 3,126,607 shares of the company's stock worth $198,258,000 after purchasing an additional 454,044 shares during the last quarter. SG Americas Securities LLC grew its position in Acadia Healthcare by 713.3% in 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 in the last quarter. LMR Partners LLP bought a new position in shares of Acadia Healthcare during the 3rd quarter worth approximately $1,616,000. Finally, Beach Point Capital Management LP purchased a new position in shares of Acadia Healthcare in the 4th quarter worth approximately $14,097,000.

Acadia Healthcare Price Performance

Shares of ACHC traded up $0.06 during trading hours on Thursday, reaching $40.95. 239,352 shares of the company's stock traded hands, compared to its average volume of 1,385,990. Acadia Healthcare Company, Inc. has a 12 month low of $36.50 and a 12 month high of $87.77. 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 stock has a market cap of $3.80 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 1.51 and a beta of 1.30. The firm's 50 day simple moving average is $42.14 and its 200-day simple moving average is $53.36.

Wall Street Analyst Weigh In

ACHC has been the topic of a number of recent analyst reports. StockNews.com lowered Acadia Healthcare from a "hold" rating to a "sell" rating in a report on Monday, January 6th. KeyCorp upgraded Acadia Healthcare from a "sector weight" rating to an "overweight" rating and set a $70.00 target price on the stock in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Acadia Healthcare from a "hold" rating to a "buy" rating and raised their price objective for the stock from $45.00 to $75.00 in a report on Thursday, December 12th. Barclays dropped their target price on shares of Acadia Healthcare from $76.00 to $43.00 and set an "overweight" rating on the stock in a research note on Friday, November 22nd. Finally, TD Cowen decreased their price target 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $70.22.

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.