Municipal Employees Retirement System of Michigan cut its position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 16.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,700 shares of the company’s stock after selling 4,790 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Acadia Healthcare were worth $1,180,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. New York State Common Retirement Fund grew its stake in shares of Acadia Healthcare by 3.5% in the 3rd quarter. New York State Common Retirement Fund now owns 300,283 shares of the company’s stock valued at $14,342,000 after buying an additional 10,088 shares during the period. Retirement Systems of Alabama grew its stake in shares of Acadia Healthcare by 4.8% in the 3rd quarter. Retirement Systems of Alabama now owns 150,492 shares of the company’s stock valued at $7,187,000 after buying an additional 6,887 shares during the period. C WorldWide Group Holding A S grew its stake in shares of Acadia Healthcare by 17.2% in the 3rd quarter. C WorldWide Group Holding A S now owns 63,305 shares of the company’s stock valued at $3,023,000 after buying an additional 9,305 shares during the period. Sei Investments Co. grew its stake in shares of Acadia Healthcare by 6.0% in the 3rd quarter. Sei Investments Co. now owns 358,199 shares of the company’s stock valued at $17,108,000 after buying an additional 20,141 shares during the period. Finally, FDx Advisors Inc. acquired a new stake in shares of Acadia Healthcare in the 3rd quarter valued at about $779,000.

Several brokerages have recently commented on ACHC. Mizuho raised their target price on Acadia Healthcare from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Cantor Fitzgerald reduced their target price on Acadia Healthcare from $48.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, October 24th. Craig Hallum restated a “buy” rating and issued a $65.00 target price (up from $52.00) on shares of Acadia Healthcare in a research note on Monday, July 31st. Deutsche Bank AG raised their target price on Acadia Healthcare from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, July 31st. Finally, UBS AG restated a “positive” rating and issued a $60.00 target price (up from $54.00) on shares of Acadia Healthcare in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $45.15.

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) opened at $29.01 on Tuesday. Acadia Healthcare Company, Inc. has a 1 year low of $26.92 and a 1 year high of $54.34. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market cap of $2,550.00, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 1.11 and a beta of 0.89.

Acadia Healthcare (NASDAQ:ACHC) last posted its earnings results on Tuesday, October 24th. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.07). Acadia Healthcare had a return on equity of 8.57% and a net margin of 6.07%. The firm had revenue of $716.70 million for the quarter, compared to the consensus estimate of $728.86 million. During the same period in the prior year, the business earned $0.58 EPS. Acadia Healthcare’s quarterly revenue was down 2.4% compared to the same quarter last year. sell-side analysts forecast that Acadia Healthcare Company, Inc. will post 2.23 earnings per share for the current year.

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

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