Retirement Systems of Alabama purchased a new position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) during the second quarter, Holdings Channel reports. The institutional investor purchased 143,605 shares of the company’s stock, valued at approximately $7,091,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Falcon Point Capital LLC bought a new stake in shares of Acadia Healthcare during the first quarter worth about $16,792,000. Monarch Partners Asset Management LLC bought a new stake in shares of Acadia Healthcare during the first quarter worth about $16,079,000. Jennison Associates LLC boosted its stake in shares of Acadia Healthcare by 6.3% in the first quarter. Jennison Associates LLC now owns 885,116 shares of the company’s stock worth $38,591,000 after buying an additional 52,158 shares in the last quarter. Emerald Advisers Inc. PA boosted its stake in shares of Acadia Healthcare by 2.3% in the first quarter. Emerald Advisers Inc. PA now owns 85,198 shares of the company’s stock worth $3,715,000 after buying an additional 1,876 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in shares of Acadia Healthcare during the first quarter worth about $210,000.

Shares of Acadia Healthcare Company, Inc. (ACHC) opened at 52.17 on Tuesday. Acadia Healthcare Company, Inc. has a 1-year low of $32.54 and a 1-year high of $54.34. The company has a market cap of $4.58 billion, a PE ratio of 573.30 and a beta of 1.15. The company has a 50-day moving average price of $50.42 and a 200-day moving average price of $44.84.

Acadia Healthcare (NASDAQ:ACHC) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.01. Acadia Healthcare had a return on equity of 8.69% and a net margin of 0.30%. The business had revenue of $715.90 million for the quarter, compared to analysts’ expectations of $717.38 million. During the same quarter in the previous year, the firm earned $0.73 earnings per share. The business’s revenue was down 5.4% on a year-over-year basis. Equities research analysts expect that Acadia Healthcare Company, Inc. will post $2.45 earnings per share for the current fiscal year.

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A number of equities research analysts have recently issued reports on ACHC shares. Jefferies Group LLC reiterated a “buy” rating on shares of Acadia Healthcare in a research note on Monday, May 15th. Zacks Investment Research cut Acadia Healthcare from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. William Blair started coverage on Acadia Healthcare in a research note on Tuesday, July 18th. They set an “outperform” rating on the stock. BidaskClub cut Acadia Healthcare from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $45.00 price objective on shares of Acadia Healthcare in a research note on Wednesday, April 26th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $59.21.

In other Acadia Healthcare news, Director Reeve B. Waud sold 724,694 shares of the business’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $45.53, for a total value of $32,995,317.82. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Scott Schwieger sold 2,891 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $52.85, for a total value of $152,789.35. Following the completion of the transaction, the insider now directly owns 8,841 shares in the company, valued at approximately $467,246.85. The disclosure for this sale can be found here. In the last three months, insiders sold 2,138,347 shares of company stock worth $105,486,669. Insiders own 11.10% of the company’s stock.

Acadia Healthcare Company Profile

Acadia Healthcare Company, Inc is a provider of behavioral healthcare services, with operations in the United States and the United Kingdom. The Company focuses on acquiring and developing behavioral healthcare facilities. The Company operates through two segments: U.S. Facilities and U.K. Facilities.

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Institutional Ownership by Quarter for Acadia Healthcare (NASDAQ:ACHC)

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