Point72 Asset Management L.P. Purchases 1,650,040 Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Point72 Asset Management L.P. increased its position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC - Free Report) by 266.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,270,340 shares of the company's stock after buying an additional 1,650,040 shares during the period. Point72 Asset Management L.P. owned 2.44% of Acadia Healthcare worth $153,339,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in shares of Acadia Healthcare by 86.1% during the 2nd quarter. Blue Trust Inc. now owns 536 shares of the company's stock valued at $36,000 after acquiring an additional 248 shares during the last quarter. Mather Group LLC. bought a new stake in Acadia Healthcare during the first quarter worth approximately $48,000. nVerses Capital LLC bought a new position in shares of Acadia Healthcare in the second quarter valued at approximately $95,000. Innealta Capital LLC acquired a new stake in shares of Acadia Healthcare in the second quarter worth $164,000. Finally, Capstone Investment Advisors LLC bought a new stake in shares of Acadia Healthcare during the 4th quarter worth $204,000.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ACHC shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $94.00 price target on shares of Acadia Healthcare in a research report on Friday, September 20th. Barclays reduced their price objective on shares of Acadia Healthcare from $89.00 to $83.00 and set an "overweight" rating for the company in a report on Thursday, August 1st. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $90.00 price target on shares of Acadia Healthcare in a research note on Monday, August 19th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Acadia Healthcare from $70.00 to $75.00 and gave the stock a "hold" rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $87.44.

Acadia Healthcare Trading Down 1.4 %

Shares of NASDAQ:ACHC traded down $1.05 during trading on Wednesday, hitting $75.56. 350,282 shares of the company's stock were exchanged, compared to its average volume of 782,288. Acadia Healthcare Company, Inc. has a 1-year low of $62.04 and a 1-year high of $87.77. The firm has a market cap of $7.02 billion, a P/E ratio of -547.18, a PEG ratio of 2.19 and a beta of 1.30. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average price of $73.91 and a two-hundred day moving average price of $71.79.

Acadia Healthcare (NASDAQ:ACHC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. The business had revenue of $796.00 million for the quarter, compared to analyst estimates of $784.38 million. Acadia Healthcare had a positive return on equity of 11.42% and a negative net margin of 0.17%. The firm's revenue was up 8.8% on a year-over-year basis. During the same period last year, the company earned $0.92 EPS. Equities analysts predict that Acadia Healthcare Company, Inc. will post 3.51 earnings per share for the current year.

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.