Orion Portfolio Solutions LLC Boosts Position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Orion Portfolio Solutions LLC increased its holdings in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 12.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 18,166 shares of the company’s stock after acquiring an additional 2,013 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Acadia Healthcare were worth $1,152,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ACHC. Point72 Asset Management L.P. lifted its stake in Acadia Healthcare by 266.0% during the second quarter. Point72 Asset Management L.P. now owns 2,270,340 shares of the company’s stock worth $153,339,000 after purchasing an additional 1,650,040 shares during the last quarter. Wellington Management Group LLP lifted its stake in Acadia Healthcare by 12.2% in the third quarter. Wellington Management Group LLP now owns 11,658,253 shares of the company’s stock valued at $739,250,000 after buying an additional 1,266,384 shares during the last quarter. Millennium Management LLC lifted its stake in Acadia Healthcare by 3,067.8% in the second quarter. Millennium Management LLC now owns 1,090,313 shares of the company’s stock valued at $73,640,000 after buying an additional 1,055,894 shares during the last quarter. Holocene Advisors LP lifted its stake in Acadia Healthcare by 201.5% in the third quarter. Holocene Advisors LP now owns 972,513 shares of the company’s stock valued at $61,667,000 after buying an additional 649,997 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its stake in Acadia Healthcare by 20.7% in the second quarter. William Blair Investment Management LLC now owns 3,515,464 shares of the company’s stock valued at $237,434,000 after buying an additional 604,070 shares during the last quarter.

Wall Street Analyst Weigh In

ACHC has been the subject of a number of research reports. KeyCorp initiated coverage on Acadia Healthcare in a research note on Friday, October 11th. They issued a “sector weight” rating for the company. Deutsche Bank Aktiengesellschaft upgraded Acadia Healthcare from a “hold” rating to a “buy” rating and boosted their price objective for the company from $45.00 to $75.00 in a research note on Thursday. Barclays reduced their price objective on Acadia Healthcare from $76.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. StockNews.com cut Acadia Healthcare from a “hold” rating to a “sell” rating in a research note on Friday, November 22nd. Finally, Royal Bank of Canada dropped their target price on Acadia Healthcare from $94.00 to $64.00 and set an “outperform” rating on the stock in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $75.44.

Acadia Healthcare Trading Up 0.8 %

Shares of ACHC stock opened at $40.66 on Friday. The business’s fifty day moving average price is $45.39 and its 200 day moving average price is $61.82. Acadia Healthcare Company, Inc. has a 1-year low of $36.50 and a 1-year high of $87.77. The firm has a market capitalization of $3.78 billion, a PE ratio of 13.33, a P/E/G ratio of 1.77 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 1.07.

Acadia Healthcare (NASDAQ:ACHC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. Acadia Healthcare had a return on equity of 11.12% and a net margin of 8.99%. The firm had revenue of $815.60 million for the quarter, compared to analyst estimates of $819.42 million. During the same quarter in the prior year, the company posted $0.91 earnings per share. Acadia Healthcare’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, sell-side analysts forecast that Acadia Healthcare Company, Inc. will post 3.38 EPS for the current fiscal year.

Acadia Healthcare Profile

Acadia Healthcare Company, Inc provides behavioral healthcare services in the United States and Puerto Rico. The company develops and operates acute inpatient psychiatric facilities, specialty treatment facilities comprising residential recovery facilities and eating disorder facilities, comprehensive treatment centers, and residential treatment centers, as well as facilities offering outpatient behavioral healthcare services for the behavioral healthcare and recovery needs of communities.