Thrivent Financial For Lutherans Acquires 15,410 Shares of Acadia Healthcare Company, Inc. (ACHC)
Thrivent Financial For Lutherans grew its holdings in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 4.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 330,479 shares of the company’s stock after buying an additional 15,410 shares during the quarter. Thrivent Financial For Lutherans owned 0.38% of Acadia Healthcare worth $16,319,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Acadia Healthcare by 11.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,704 shares of the company’s stock valued at $134,000 after buying an additional 270 shares in the last quarter. Riverhead Capital Management LLC acquired a new position in shares of Acadia Healthcare in the 2nd quarter valued at $209,000. Paloma Partners Management Co acquired a new position in shares of Acadia Healthcare in the 1st quarter valued at $217,000. M&T Bank Corp acquired a new position in shares of Acadia Healthcare in the 1st quarter valued at $230,000. Finally, World Asset Management Inc acquired a new position in shares of Acadia Healthcare in the 2nd quarter valued at $242,000.
In other Acadia Healthcare news, EVP Christopher L. Howard sold 53,713 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $50.69, for a total transaction of $2,722,711.97. Following the completion of the transaction, the executive vice president now owns 147,286 shares of the company’s stock, valued at $7,465,927.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Reeve B. Waud sold 50,000 shares of the business’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $47.51, for a total value of $2,375,500.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,185,693 shares of company stock valued at $162,606,599. Insiders own 11.10% of the company’s stock.
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A number of equities research analysts recently issued reports on ACHC shares. William Blair started coverage on shares of Acadia Healthcare in a research report on Tuesday, July 18th. They set an “outperform” rating for the company. Jefferies Group LLC set a $55.00 target price on shares of Acadia Healthcare and gave the stock a “buy” rating in a research report on Thursday, June 1st. BidaskClub cut shares of Acadia Healthcare from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded shares of Acadia Healthcare from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Wednesday, June 28th. Finally, KeyCorp reiterated an “overweight” rating and set a $51.00 target price on shares of Acadia Healthcare in a research report on Thursday, June 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $58.69.
Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) opened at 44.84 on Wednesday. Acadia Healthcare Company, Inc. has a one year low of $32.54 and a one year high of $54.34. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 492.75 and a beta of 1.14. The firm’s 50-day moving average is $48.52 and its 200-day moving average is $45.93.
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 Zacks’ consensus estimate of $0.65 by $0.01. The business had revenue of $715.90 million during the quarter, compared to the consensus estimate of $717.38 million. Acadia Healthcare had a return on equity of 8.69% and a net margin of 0.30%. Acadia Healthcare’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 earnings per share. Analysts expect that Acadia Healthcare Company, Inc. will post $2.45 EPS 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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