Stephens Investment Management Group LLC Buys 294,210 Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Stephens Investment Management Group LLC raised its stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 24.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,475,166 shares of the company’s stock after acquiring an additional 294,210 shares during the period. Stephens Investment Management Group LLC owned approximately 1.59% of Acadia Healthcare worth $58,490,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ACHC. abrdn plc lifted its position in shares of Acadia Healthcare by 61.4% in the fourth quarter. abrdn plc now owns 157,293 shares of the company’s stock worth $6,237,000 after buying an additional 59,824 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Acadia Healthcare by 2.4% during the 4th quarter. Pacer Advisors Inc. now owns 13,847 shares of the company’s stock valued at $549,000 after acquiring an additional 325 shares during the last quarter. KBC Group NV grew its holdings in shares of Acadia Healthcare by 50.1% in the fourth quarter. KBC Group NV now owns 4,035 shares of the company’s stock valued at $160,000 after purchasing an additional 1,347 shares in the last quarter. Blue Trust Inc. increased its position in Acadia Healthcare by 69.4% in the fourth quarter. Blue Trust Inc. now owns 842 shares of the company’s stock worth $33,000 after purchasing an additional 345 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in Acadia Healthcare by 56.0% during the fourth quarter. Fifth Third Bancorp now owns 1,264 shares of the company’s stock valued at $50,000 after purchasing an additional 454 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays reduced their target price on shares of Acadia Healthcare from $76.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $64.00 price objective on shares of Acadia Healthcare in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft raised Acadia Healthcare from a “hold” rating to a “buy” rating and boosted their target price for the company from $45.00 to $75.00 in a research report on Thursday, December 12th. KeyCorp raised shares of Acadia Healthcare from a “sector weight” rating to an “overweight” rating and set a $70.00 price objective for the company in a research note on Tuesday, January 7th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $52.00 target price on shares of Acadia Healthcare in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Acadia Healthcare currently has a consensus rating of “Moderate Buy” and an average price target of $70.22.

Acadia Healthcare Trading Down 1.8 %

Shares of ACHC opened at $41.96 on Friday. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 1.75 and a beta of 1.30. 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 Company, Inc. has a 1-year low of $36.50 and a 1-year high of $87.77. The company has a 50-day moving average of $42.10 and a 200 day moving average of $54.83.

About Acadia Healthcare

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.