People s United Financial Inc. raised its stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 3.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,459 shares of the company’s stock after purchasing an additional 242 shares during the period. People s United Financial Inc.’s holdings in Acadia Healthcare were worth $368,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Acadia Healthcare by 11.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,704 shares of the company’s stock worth $134,000 after acquiring an additional 270 shares during the period. Riverhead Capital Management LLC bought a new position in shares of Acadia Healthcare during the 2nd quarter worth about $209,000. World Asset Management Inc bought a new position in shares of Acadia Healthcare during the 2nd quarter worth about $242,000. Paloma Partners Management Co bought a new position in shares of Acadia Healthcare during the 1st quarter worth about $217,000. Finally, Summit Securities Group LLC bought a new position in shares of Acadia Healthcare during the 2nd quarter worth about $248,000.

COPYRIGHT VIOLATION WARNING: “People s United Financial Inc. Raises Holdings in Acadia Healthcare Company, Inc. (ACHC)” was originally published by Watch List News and is the property of of Watch List News. If you are reading this news story on another publication, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be accessed at https://www.watchlistnews.com/people-s-united-financial-inc-raises-holdings-in-acadia-healthcare-company-inc-achc/1617584.html.

In related news, Director Reeve B. Waud sold 1,240,000 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $51.72, for a total transaction of $64,132,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Joey A. Jacobs sold 500,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $50.69, for a total transaction of $25,345,000.00. Following the sale, the chief executive officer now directly owns 201,496 shares of the company’s stock, valued at approximately $10,213,832.24. The disclosure for this sale can be found here. Insiders have sold 3,085,693 shares of company stock valued at $157,729,099 in the last ninety days. 11.10% of the stock is currently owned by company insiders.

A number of equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Acadia Healthcare from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Craig Hallum reaffirmed a “buy” rating and set a $65.00 price objective (up from $52.00) on shares of Acadia Healthcare in a report on Monday, July 31st. UBS AG reaffirmed a “positive” rating and set a $60.00 price objective (up from $54.00) on shares of Acadia Healthcare in a report on Monday, July 31st. BidaskClub downgraded shares of Acadia Healthcare from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Finally, Deutsche Bank AG raised their price objective on shares of Acadia Healthcare from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $56.90.

Shares of Acadia Healthcare Company, Inc. (ACHC) opened at 45.63 on Friday. Acadia Healthcare Company, Inc. has a 12 month low of $32.54 and a 12 month high of $54.34. The company’s 50 day moving average is $46.66 and its 200-day moving average is $46.25. The firm has a market cap of $4.01 billion, a PE ratio of 501.43 and a beta of 1.07.

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 net margin of 0.30% and a return on equity of 8.69%. The business had revenue of $715.90 million during the quarter, compared to analysts’ expectations of $717.38 million. During the same quarter in the prior year, the business posted $0.73 earnings per share. Acadia Healthcare’s revenue was down 5.4% compared to the same quarter last year. Equities research analysts predict that Acadia Healthcare Company, Inc. will post $2.45 EPS for the current year.

Acadia Healthcare 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.

Want to see what other hedge funds are holding ACHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acadia Healthcare Company, Inc. (NASDAQ:ACHC).

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

Receive News & Ratings for Acadia Healthcare Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acadia Healthcare Company Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.