Acadia Healthcare (ACHC) Lowered to “Sell” at BidaskClub

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BidaskClub downgraded shares of Acadia Healthcare (NASDAQ:ACHC) from a hold rating to a sell rating in a report released on Saturday morning.

Several other analysts also recently commented on ACHC. ValuEngine downgraded shares of Acadia Healthcare from a sell rating to a strong sell rating in a research report on Thursday, September 6th. Zacks Investment Research upgraded shares of Acadia Healthcare from a sell rating to a hold rating in a research report on Monday, November 12th. Jefferies Financial Group restated a buy rating and set a $42.00 price objective on shares of Acadia Healthcare in a research report on Monday, November 26th. UBS Group began coverage on shares of Acadia Healthcare in a research report on Thursday, November 15th. They set a neutral rating and a $39.00 price objective on the stock. Finally, Mizuho set a $37.00 price objective on shares of Acadia Healthcare and gave the company a hold rating in a research report on Thursday, October 18th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $42.27.

Shares of ACHC stock opened at $28.93 on Friday. The firm has a market cap of $2.55 billion, a PE ratio of 12.58, a PEG ratio of 1.27 and a beta of 0.16. Acadia Healthcare has a one year low of $28.02 and a one year high of $45.35. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26.

Acadia Healthcare (NASDAQ:ACHC) last announced its quarterly earnings data on Monday, November 5th. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.09). The firm had revenue of $760.90 million for the quarter, compared to the consensus estimate of $760.46 million. Acadia Healthcare had a net margin of 7.43% and a return on equity of 7.71%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 earnings per share. On average, equities analysts forecast that Acadia Healthcare will post 2.26 EPS for the current fiscal year.

In other Acadia Healthcare news, Director Reeve B. Waud sold 41,865 shares of Acadia Healthcare stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $45.00, for a total value of $1,883,925.00. Following the sale, the director now directly owns 14,213 shares in the company, valued at approximately $639,585. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Teacher Retirement System of Texas increased its holdings in Acadia Healthcare by 8.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 17,842 shares of the company’s stock valued at $730,000 after acquiring an additional 1,324 shares during the last quarter. People s United Financial Inc. increased its holdings in Acadia Healthcare by 14.7% in the 2nd quarter. People s United Financial Inc. now owns 10,549 shares of the company’s stock valued at $432,000 after acquiring an additional 1,350 shares during the last quarter. Condor Capital Management increased its holdings in Acadia Healthcare by 9.0% in the 3rd quarter. Condor Capital Management now owns 19,526 shares of the company’s stock valued at $687,000 after acquiring an additional 1,611 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Acadia Healthcare by 10.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,111 shares of the company’s stock valued at $638,000 after acquiring an additional 1,672 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in Acadia Healthcare by 3.0% in the 2nd quarter. Arizona State Retirement System now owns 56,971 shares of the company’s stock valued at $2,331,000 after acquiring an additional 1,679 shares during the last quarter.

Acadia Healthcare Company Profile

Acadia Healthcare Company, Inc develops and operates inpatient psychiatric facilities, residential treatment centers, group homes, substance abuse facilities, and outpatient behavioral healthcare facilities to serve the behavioral health and recovery needs of communities. The company operates acute inpatient psychiatric facilities, which offer evaluation and crisis stabilization of patients with severe psychiatric diagnoses; specialty treatment facilities, including residential recovery facilities, eating disorder facilities, and comprehensive treatment centers that provide continuum care for adults with addictive disorders and co-occurring mental disorders; and residential treatment centers, which treat patients with behavioral disorders in a non-hospital setting, including outdoor programs.

Read More: What is an Initial Public Offering (IPO)?

Analyst Recommendations for Acadia Healthcare (NASDAQ:ACHC)

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