Vontobel Holding Ltd. Cuts Stock Holdings in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Vontobel Holding Ltd. trimmed its stake in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC - Free Report) by 80.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,328 shares of the company's stock after selling 21,712 shares during the period. Vontobel Holding Ltd.'s holdings in Acadia Healthcare were worth $338,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Harbor Capital Advisors Inc. acquired a new stake in Acadia Healthcare in the 2nd quarter valued at about $800,000. TCW Group Inc. increased its holdings in shares of Acadia Healthcare by 63.8% during the 2nd quarter. TCW Group Inc. now owns 62,888 shares of the company's stock worth $4,247,000 after buying an additional 24,487 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Acadia Healthcare by 435.6% during the 2nd quarter. SG Americas Securities LLC now owns 18,227 shares of the company's stock valued at $1,231,000 after buying an additional 14,824 shares during the period. Principal Financial Group Inc. grew its position in Acadia Healthcare by 19.4% in the second quarter. Principal Financial Group Inc. now owns 643,521 shares of the company's stock worth $43,463,000 after acquiring an additional 104,359 shares during the period. Finally, Texas Permanent School Fund Corp raised its position in Acadia Healthcare by 11.3% in the second quarter. Texas Permanent School Fund Corp now owns 89,821 shares of the company's stock valued at $6,067,000 after purchasing an additional 9,115 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ACHC shares. Barclays cut their price objective on Acadia Healthcare from $83.00 to $76.00 and set an "overweight" rating for the company in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Acadia Healthcare from $70.00 to $75.00 and gave the stock a "hold" rating in a research report on Friday, August 2nd. Cantor Fitzgerald reissued a "neutral" rating and issued a $90.00 target price on shares of Acadia Healthcare in a research report on Tuesday, October 1st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $94.00 price objective on shares of Acadia Healthcare in a research note on Friday, September 20th. Finally, KeyCorp assumed coverage on Acadia Healthcare in a research note on Friday, October 11th. They set a "sector weight" rating on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Acadia Healthcare presently has an average rating of "Hold" and a consensus target price of $86.67.

Acadia Healthcare Stock Performance

Shares of ACHC opened at $51.66 on Wednesday. The firm has a market cap of $4.79 billion, a PE ratio of -369.00, a price-to-earnings-growth ratio of 1.57 and a beta of 1.29. The company's 50 day simple moving average is $69.95 and its 200-day simple moving average is $69.14. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.60. Acadia Healthcare Company, Inc. has a 12-month low of $51.07 and a 12-month high of $87.77.

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

Acadia Healthcare 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.