Acadia Healthcare Company, Inc. (NASDAQ:ACHC – Get Free Report) has been given a consensus recommendation of “Hold” by the five analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $84.83.
A number of brokerages recently weighed in on ACHC. Royal Bank of Canada reduced their target price on shares of Acadia Healthcare from $99.00 to $94.00 and set an “outperform” rating for the company in a research note on Tuesday, November 7th. Stephens raised shares of Acadia Healthcare from an “equal weight” rating to an “overweight” rating and set a $92.00 price target on the stock in a research report on Friday, January 5th. Finally, TheStreet downgraded shares of Acadia Healthcare from a “b” rating to a “c” rating in a research note on Friday, November 3rd.
Acadia Healthcare Price Performance
Insider Activity at Acadia Healthcare
In related news, Director Debra K. Osteen sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $76.23, for a total value of $609,840.00. Following the completion of the sale, the director now directly owns 710,833 shares in the company, valued at approximately $54,186,799.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.80% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Acadia Healthcare
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Acadia Healthcare by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 8,831,131 shares of the company’s stock valued at $620,917,000 after purchasing an additional 26,379 shares during the last quarter. Wellington Management Group LLP lifted its position in Acadia Healthcare by 2.1% during the third quarter. Wellington Management Group LLP now owns 7,537,922 shares of the company’s stock worth $529,991,000 after acquiring an additional 152,783 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Acadia Healthcare by 0.5% during the second quarter. JPMorgan Chase & Co. now owns 3,361,534 shares of the company’s stock worth $267,713,000 after acquiring an additional 15,177 shares during the last quarter. William Blair Investment Management LLC lifted its position in Acadia Healthcare by 0.3% during the third quarter. William Blair Investment Management LLC now owns 3,058,916 shares of the company’s stock worth $215,072,000 after acquiring an additional 10,062 shares during the last quarter. Finally, State Street Corp lifted its position in Acadia Healthcare by 0.9% during the second quarter. State Street Corp now owns 2,563,638 shares of the company’s stock worth $204,168,000 after acquiring an additional 22,019 shares during the last quarter.
About Acadia Healthcare
Acadia Healthcare Company, Inc provides behavioral healthcare services in the United States and Puerto Rico. It offers behavioral healthcare services to its patients in various settings, including inpatient psychiatric facilities, specialty treatment facilities, residential treatment centers, eating disorder facilities, and outpatient clinics.
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