New Jersey Better Educational Savings Trust boosted its stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 83.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,000 shares of the company’s stock after buying an additional 5,000 shares during the period. New Jersey Better Educational Savings Trust’s holdings in Acadia Healthcare were worth $543,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ACHC. Schwab Charles Investment Management Inc. boosted its stake in shares of Acadia Healthcare by 13.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 330,515 shares of the company’s stock valued at $16,321,000 after buying an additional 40,119 shares during the last quarter. Mesirow Financial Investment Management Equity Management boosted its stake in shares of Acadia Healthcare by 12.9% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 458,772 shares of the company’s stock valued at $22,652,000 after buying an additional 52,250 shares during the last quarter. Palisade Capital Management LLC NJ purchased a new stake in shares of Acadia Healthcare during the second quarter valued at approximately $7,951,000. Retirement Systems of Alabama purchased a new stake in shares of Acadia Healthcare during the second quarter valued at approximately $7,091,000. Finally, Sei Investments Co. boosted its stake in shares of Acadia Healthcare by 16.3% in the second quarter. Sei Investments Co. now owns 338,058 shares of the company’s stock valued at $16,694,000 after buying an additional 47,386 shares during the last quarter.

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) opened at 51.50 on Thursday. The stock has a market capitalization of $4.53 billion, a PE ratio of 565.93 and a beta of 1.15. The stock’s 50 day moving average price is $50.00 and its 200-day moving average price is $44.52. Acadia Healthcare Company, Inc. has a 12-month low of $32.54 and a 12-month high of $54.73.

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

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Several analysts recently commented on the company. Zacks Investment Research cut Acadia Healthcare from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub cut Acadia Healthcare from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Deutsche Bank AG boosted their price target on Acadia Healthcare from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. Craig Hallum reiterated a “buy” rating and set a $65.00 price target (up from $52.00) on shares of Acadia Healthcare in a research report on Monday, July 31st. Finally, UBS AG reiterated a “positive” rating and set a $60.00 price target (up from $54.00) on shares of Acadia Healthcare in a research report on Monday, July 31st. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $59.21.

In other Acadia Healthcare news, EVP Christopher L. Howard sold 16,762 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $52.47, for a total transaction of $879,502.14. Following the completion of the sale, the executive vice president now owns 200,999 shares of the company’s stock, valued at $10,546,417.53. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the director now directly owns 47,013 shares of the company’s stock, valued at approximately $2,135,330.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,136,347 shares of company stock valued at $105,383,249. 11.10% of the stock is owned by company insiders.

Acadia Healthcare Company 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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