Acadia Healthcare Company, Inc. (ACHC) Stake Boosted by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System grew its position in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 0.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,794 shares of the company’s stock after acquiring an additional 105 shares during the period. State Board of Administration of Florida Retirement System owned about 0.08% of Acadia Healthcare worth $3,249,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Teacher Retirement System of Texas raised its stake in shares of Acadia Healthcare by 0.4% during the second quarter. Teacher Retirement System of Texas now owns 5,949 shares of the company’s stock valued at $294,000 after acquiring an additional 26 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of Acadia Healthcare by 0.9% during the second quarter. Public Employees Retirement Association of Colorado now owns 17,798 shares of the company’s stock valued at $879,000 after acquiring an additional 160 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Acadia Healthcare by 2.5% during the first quarter. Pacer Advisors Inc. now owns 10,139 shares of the company’s stock valued at $442,000 after acquiring an additional 250 shares during the last quarter. Keybank National Association OH raised its stake in shares of Acadia Healthcare by 4.2% during the first quarter. Keybank National Association OH now owns 6,305 shares of the company’s stock valued at $275,000 after acquiring an additional 256 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Acadia Healthcare by 0.3% during the first quarter. Stifel Financial Corp now owns 104,867 shares of the company’s stock valued at $4,495,000 after acquiring an additional 278 shares during the last quarter.

A number of equities analysts recently issued reports on the stock. BidaskClub downgraded shares of Acadia Healthcare from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Craig Hallum reissued a “buy” rating and issued a $65.00 price target (up from $52.00) on shares of Acadia Healthcare in a research note on Monday, July 31st. Zacks Investment Research downgraded shares of Acadia Healthcare from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. UBS AG reissued a “positive” rating and issued a $60.00 price target (up from $54.00) on shares of Acadia Healthcare in a research note on Monday, July 31st. Finally, Deutsche Bank AG increased their price target on shares of Acadia Healthcare from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $59.21.

In other news, Director William Grieco sold 2,000 shares of the business’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $45.42, for a total value of $90,840.00. Following the completion of the sale, the director now owns 47,013 shares in the company, valued at approximately $2,135,330.46. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Reeve B. Waud sold 724,694 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $45.53, for a total transaction of $32,995,317.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,912,387 shares of company stock valued at $195,692,757. Company insiders own 11.10% of the company’s stock.

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Shares of Acadia Healthcare Company, Inc. (NASDAQ ACHC) opened at 46.85 on Friday. The stock has a market cap of $4.12 billion, a PE ratio of 514.84 and a beta of 1.14. The firm has a 50-day moving average of $49.36 and a 200-day moving average of $45.77. Acadia Healthcare Company, Inc. has a one year low of $32.54 and a one year high of $54.34.

Acadia Healthcare (NASDAQ:ACHC) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.65 by $0.01. Acadia Healthcare had a net margin of 0.30% and a return on equity of 8.69%. The business had revenue of $715.90 million during the quarter, compared to analyst estimates of $717.38 million. During the same quarter in the previous year, the business posted $0.73 EPS. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, equities research analysts expect that Acadia Healthcare Company, Inc. will post $2.45 earnings per share for the current fiscal year.

Acadia Healthcare Profile

Acadia Healthcare Company, Inc is a provider of behavioral healthcare services, with operations in the United States and the United Kingdom. The Company focuses on acquiring and developing behavioral healthcare facilities. The Company operates through two segments: U.S. Facilities and U.K. Facilities.

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Institutional Ownership by Quarter for Acadia Healthcare (NASDAQ:ACHC)

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