BARING ASSET MANAGEMENT Ltd Sells 16 Shares of Acadia Healthcare Company, Inc. (ACHC)
BARING ASSET MANAGEMENT Ltd decreased its position in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 0.0% during the second quarter, Holdings Channel reports. The firm owned 58,184 shares of the company’s stock after selling 16 shares during the period. BARING ASSET MANAGEMENT Ltd’s holdings in Acadia Healthcare were worth $2,873,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. Emerald Mutual Fund Advisers Trust bought a new position in Acadia Healthcare during the first quarter worth $210,000. World Asset Management Inc bought a new position in Acadia Healthcare during the second quarter worth $242,000. Paloma Partners Management Co bought a new position in Acadia Healthcare during the first quarter worth $217,000. Summit Securities Group LLC bought a new position in Acadia Healthcare during the second quarter worth $248,000. Finally, M&T Bank Corp bought a new position in Acadia Healthcare during the first quarter worth $230,000.
Shares of Acadia Healthcare Company, Inc. (NASDAQ ACHC) opened at 51.68 on Thursday. Acadia Healthcare Company, Inc. has a 1-year low of $32.54 and a 1-year high of $54.34. The company has a 50 day moving average of $50.66 and a 200 day moving average of $44.98. The company has a market cap of $4.54 billion, a PE ratio of 567.91 and a beta of 1.15.
Acadia Healthcare (NASDAQ:ACHC) last announced its earnings results on Thursday, July 27th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $715.90 million for the quarter, compared to analyst estimates of $717.38 million. During the same quarter in the prior year, the business posted $0.73 EPS. The business’s revenue was down 5.4% compared to the same quarter last year. Equities analysts expect that Acadia Healthcare Company, Inc. will post $2.45 earnings per share for the current fiscal year.
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A number of research firms have recently weighed in on ACHC. Mizuho upped their price target on shares of Acadia Healthcare from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. UBS AG reaffirmed 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. Jefferies Group LLC reissued a “buy” rating on shares of Acadia Healthcare in a research report on Friday, May 5th. BidaskClub raised shares of Acadia Healthcare from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, Deutsche Bank AG increased their target price on shares of Acadia Healthcare from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Acadia Healthcare has a consensus rating of “Buy” and a consensus price target of $59.21.
In other news, Director Reeve B. Waud sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $45.09, for a total transaction of $2,254,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Grieco sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $45.42, for a total transaction 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 90 days, insiders have sold 2,138,347 shares of company stock worth $105,486,669. Company insiders own 11.10% of the company’s stock.
About Acadia Healthcare
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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