TD Asset Management Inc. decreased its position in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 1.2% during the second quarter, Holdings Channel reports. The firm owned 212,811 shares of the company’s stock after selling 2,639 shares during the period. TD Asset Management Inc.’s holdings in Acadia Healthcare were worth $10,509,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ACHC. Emerald Mutual Fund Advisers Trust acquired a new position in Acadia Healthcare during the first quarter worth $210,000. Paloma Partners Management Co acquired a new position in Acadia Healthcare during the first quarter worth $217,000. M&T Bank Corp acquired a new position in Acadia Healthcare during the first quarter worth $230,000. World Asset Management Inc acquired a new position in Acadia Healthcare during the second quarter worth $242,000. Finally, Teacher Retirement System of Texas acquired a new position in Acadia Healthcare during the first quarter worth $258,000.

Shares of Acadia Healthcare Company, Inc. (NASDAQ ACHC) opened at 52.17 on Tuesday. The stock’s 50 day moving average is $50.42 and its 200 day moving average is $44.84. Acadia Healthcare Company, Inc. has a 12 month low of $32.54 and a 12 month high of $54.34. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 573.30 and a beta of 1.15.

Acadia Healthcare (NASDAQ:ACHC) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $717.38 million. During the same period last year, the firm earned $0.73 earnings per share. Acadia Healthcare’s revenue for the quarter was down 5.4% compared to the same quarter last year. Equities research analysts forecast that Acadia Healthcare Company, Inc. will post $2.45 earnings per share for the current fiscal year.

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Several brokerages recently commented on ACHC. Zacks Investment Research downgraded shares of Acadia Healthcare from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub downgraded shares of Acadia Healthcare from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Deutsche Bank AG lifted their target price 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. Craig Hallum reiterated a “buy” rating and issued a $65.00 target price (up previously from $52.00) on shares of Acadia Healthcare in a report on Monday, July 31st. Finally, UBS AG reiterated a “positive” rating and issued a $60.00 target price (up previously from $54.00) on shares of Acadia Healthcare in a report on Monday, July 31st. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Acadia Healthcare has an average rating of “Buy” and an average target price of $59.21.

In related news, Director William Grieco sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $51.71, for a total transaction of $103,420.00. Following the transaction, the director now directly owns 45,013 shares of the company’s stock, valued at $2,327,622.23. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Scott Schwieger sold 2,891 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $52.85, for a total transaction of $152,789.35. Following the transaction, the insider now directly owns 8,841 shares in the company, valued at $467,246.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,138,347 shares of company stock worth $105,486,669. 11.10% of the stock is owned by insiders.

About Acadia Healthcare

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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