Rock Springs Capital Management LP Decreases Stock Holdings in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Rock Springs Capital Management LP cut its stake in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC - Free Report) by 28.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 583,500 shares of the company's stock after selling 231,500 shares during the period. Rock Springs Capital Management LP owned 0.63% of Acadia Healthcare worth $23,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of ACHC. Lindbrook Capital LLC raised its holdings in Acadia Healthcare by 1,342.0% during the 4th quarter. Lindbrook Capital LLC now owns 721 shares of the company's stock valued at $29,000 after buying an additional 671 shares during the period. Blue Trust Inc. raised its stake in shares of Acadia Healthcare by 69.4% in the fourth quarter. Blue Trust Inc. now owns 842 shares of the company's stock valued at $33,000 after acquiring an additional 345 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of 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 acquiring an additional 301 shares during the last quarter. Signaturefd LLC grew its holdings in Acadia Healthcare by 460.6% during the 4th 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 last quarter. Finally, Fifth Third Bancorp raised its position in Acadia Healthcare by 56.0% in the 4th quarter. Fifth Third Bancorp now owns 1,264 shares of the company's stock worth $50,000 after purchasing an additional 454 shares during the period.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. StockNews.com downgraded Acadia Healthcare from a "hold" rating to a "sell" rating in a report on Monday, January 6th. Royal Bank of Canada lowered their target price 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 reduced their price target 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. Barclays cut shares of Acadia Healthcare from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $43.00 to $35.00 in a research report on Friday, February 28th. Finally, Bank of America reduced their target price on shares of Acadia Healthcare from $50.00 to $44.50 and set a "buy" rating on the stock in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $50.39.

Acadia Healthcare Stock Up 2.9 %

Shares of NASDAQ ACHC traded up $0.60 during midday trading on Wednesday, reaching $21.20. 4,209,325 shares of the company's stock traded hands, compared to its average volume of 1,577,382. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 6.95, a P/E/G ratio of 1.46 and a beta of 1.13. Acadia Healthcare Company, Inc. has a one year low of $20.36 and a one year high of $82.41. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.60. The stock's 50 day simple moving average is $30.17 and its 200-day simple moving average is $39.18.

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.