Acadia Healthcare Company, Inc. $ACHC Stock Acquired by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. boosted its position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 40.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 70,000 shares of the company’s stock after acquiring an additional 20,000 shares during the period. Prescott Group Capital Management L.L.C. owned 0.08% of Acadia Healthcare worth $1,925,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Pinnacle Wealth Planning Services Inc. lifted its holdings in Acadia Healthcare by 20.7% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 3,209 shares of the company’s stock worth $88,000 after buying an additional 550 shares during the period. Congress Asset Management Co. raised its holdings in shares of Acadia Healthcare by 20.8% during the third quarter. Congress Asset Management Co. now owns 287,390 shares of the company’s stock valued at $7,903,000 after acquiring an additional 49,418 shares in the last quarter. WINTON GROUP Ltd lifted its stake in Acadia Healthcare by 1.4% in the second quarter. WINTON GROUP Ltd now owns 255,451 shares of the company’s stock worth $7,543,000 after acquiring an additional 3,449 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Acadia Healthcare in the second quarter worth $79,000. Finally, Corient Private Wealth LP boosted its holdings in Acadia Healthcare by 22.5% in the second quarter. Corient Private Wealth LP now owns 24,258 shares of the company’s stock valued at $716,000 after acquiring an additional 4,459 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages have commented on ACHC. Leerink Partners upped their price objective on shares of Acadia Healthcare from $30.00 to $33.00 and gave the stock a “market perform” rating in a report on Wednesday, September 23rd. Guggenheim lifted their target price on shares of Acadia Healthcare from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Raymond James Financial cut shares of Acadia Healthcare from a “strong-buy” rating to an “outperform” rating and set a $39.00 price target on the stock. in a research report on Monday, September 28th. Weiss Ratings reissued a “sell (d)” rating on shares of Acadia Healthcare in a research note on Wednesday, September 9th. Finally, KeyCorp raised their price objective on shares of Acadia Healthcare from $30.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Acadia Healthcare has a consensus rating of “Hold” and an average target price of $30.69.

Acadia Healthcare Stock Performance

NASDAQ:ACHC opened at $29.62 on Wednesday. Acadia Healthcare Company, Inc. has a one year low of $11.43 and a one year high of $35.83. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.57 and a quick ratio of 1.57. The company’s 50-day simple moving average is $29.14 and its 200 day simple moving average is $25.81. The firm has a market capitalization of $2.76 billion, a P/E ratio of -2.38, a PEG ratio of 9.54 and a beta of 0.64.

Acadia Healthcare Company Profile

Acadia Healthcare Company, Inc is a provider of behavioral healthcare services headquartered in Franklin, Tennessee. The company operates psychiatric hospitals, specialty treatment facilities and outpatient programs focused on mental health and substance use disorders.

Acadia’s services include inpatient and outpatient psychiatric care, addiction treatment, residential treatment, eating-disorder programs, and services for children and adolescents. Its facilities serve patients with a range of behavioral health conditions, including depression, anxiety, trauma-related disorders and substance use disorders.

Founded in 2005, Acadia operates primarily in the United States and also has a significant presence in the United Kingdom through its ownership of Priory, a behavioral healthcare provider.