Acadia Healthcare (NASDAQ:ACHC) Shares Up 12.9% – Here’s Why

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) rose 12.9% during trading on Wednesday . The company traded as high as $15.60 and last traded at $15.4210. Approximately 4,484,262 shares traded hands during trading, an increase of 27% from the average daily volume of 3,539,394 shares. The stock had previously closed at $13.66.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Guggenheim cut their price objective on shares of Acadia Healthcare from $29.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Jefferies Financial Group downgraded shares of Acadia Healthcare to a “hold” rating in a research note on Thursday, January 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Acadia Healthcare in a research note on Wednesday, January 21st. Bank of America downgraded Acadia Healthcare from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $21.50 to $13.00 in a report on Wednesday, December 3rd. Finally, Mizuho dropped their target price on Acadia Healthcare from $22.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, December 18th. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Acadia Healthcare has an average rating of “Hold” and a consensus price target of $18.62.

Acadia Healthcare Stock Up 5.5%

The company has a market capitalization of $1.55 billion, a P/E ratio of 14.33, a PEG ratio of 4.52 and a beta of 0.89. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 1.44. The company has a 50 day moving average of $13.97 and a 200-day moving average of $18.71.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP lifted its position in shares of Acadia Healthcare by 676.4% in the 2nd quarter. Allworth Financial LP now owns 1,351 shares of the company’s stock worth $31,000 after purchasing an additional 1,177 shares during the period. EverSource Wealth Advisors LLC raised its stake in Acadia Healthcare by 54.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,404 shares of the company’s stock worth $32,000 after buying an additional 497 shares in the last quarter. Wells Fargo & Company MN raised its stake in Acadia Healthcare by 208.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,233 shares of the company’s stock worth $32,000 after buying an additional 1,510 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in Acadia Healthcare in the fourth quarter worth about $52,000. Finally, Hantz Financial Services Inc. boosted its position in Acadia Healthcare by 501.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock valued at $54,000 after acquiring an additional 1,822 shares in the last quarter.

About Acadia Healthcare

Acadia Healthcare Company, Inc (NASDAQ: ACHC) is a publicly traded provider of behavioral healthcare services headquartered in Franklin, Tennessee. Founded in 2005, the company has grown through organic expansion and strategic acquisitions to establish itself as a leading specialist in mental health and addiction treatment across the United States.

Acadia operates a diversified network of inpatient psychiatric hospitals, residential treatment centers, outpatient clinics and intensive outpatient programs.