Craig Hallum cut shares of Acadia Healthcare (NASDAQ:ACHC) from a buy rating to a hold rating in a research report sent to investors on Wednesday, The Fly reports. The analysts noted that the move was a valuation call.

ACHC has been the topic of several other research reports. Jefferies Financial Group lifted their price target on shares of Acadia Healthcare from $44.00 to $47.00 and gave the company a buy rating in a report on Tuesday, July 31st. Zacks Investment Research raised shares of Acadia Healthcare from a hold rating to a buy rating and set a $48.00 price target on the stock in a report on Tuesday, July 24th. Mizuho set a $37.00 price target on shares of Acadia Healthcare and gave the company a hold rating in a report on Tuesday, August 28th. BidaskClub downgraded shares of Acadia Healthcare from a buy rating to a hold rating in a report on Wednesday, August 1st. Finally, ValuEngine downgraded shares of Acadia Healthcare from a sell rating to a strong sell rating in a report on Thursday, September 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. Acadia Healthcare currently has an average rating of Hold and an average price target of $44.36.

Shares of NASDAQ:ACHC opened at $38.40 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.20. Acadia Healthcare has a 1-year low of $26.92 and a 1-year high of $45.27. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 1.38 and a beta of 0.63.

Acadia Healthcare (NASDAQ:ACHC) last issued its quarterly earnings results on Monday, July 30th. The company reported $0.70 earnings per share for the quarter, meeting the consensus estimate of $0.70. Acadia Healthcare had a net margin of 7.52% and a return on equity of 7.93%. The business had revenue of $765.70 million for the quarter, compared to the consensus estimate of $767.93 million. During the same quarter in the previous year, the firm earned $0.66 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities research analysts predict that Acadia Healthcare will post 2.52 EPS for the current fiscal year.

In other news, Director Reeve B. Waud sold 8,135 shares of the business’s stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $45.00, for a total value of $366,075.00. Following the transaction, the director now owns 14,213 shares of the company’s stock, valued at $639,585. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 11.10% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in ACHC. Teacher Retirement System of Texas raised its stake in Acadia Healthcare by 8.0% during the second quarter. Teacher Retirement System of Texas now owns 17,842 shares of the company’s stock valued at $730,000 after purchasing an additional 1,324 shares in the last quarter. People s United Financial Inc. raised its stake in Acadia Healthcare by 14.7% during the second quarter. People s United Financial Inc. now owns 10,549 shares of the company’s stock valued at $432,000 after purchasing an additional 1,350 shares in the last quarter. Amalgamated Bank raised its stake in Acadia Healthcare by 9.7% during the second quarter. Amalgamated Bank now owns 17,268 shares of the company’s stock valued at $706,000 after purchasing an additional 1,528 shares in the last quarter. Arizona State Retirement System raised its stake in Acadia Healthcare by 3.0% during the second quarter. Arizona State Retirement System now owns 56,971 shares of the company’s stock valued at $2,331,000 after purchasing an additional 1,679 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in Acadia Healthcare by 9.0% during the third quarter. Louisiana State Employees Retirement System now owns 24,200 shares of the company’s stock valued at $852,000 after purchasing an additional 2,000 shares in the last quarter.

About Acadia Healthcare

Acadia Healthcare Company, Inc develops and operates inpatient psychiatric facilities, residential treatment centers, group homes, substance abuse facilities, and outpatient behavioral healthcare facilities to serve the behavioral health and recovery needs of communities. The company operates acute inpatient psychiatric facilities, which offer evaluation and crisis stabilization of patients with severe psychiatric diagnoses; specialty treatment facilities, including residential recovery facilities, eating disorder facilities, and comprehensive treatment centers that provide continuum care for adults with addictive disorders and co-occurring mental disorders; and residential treatment centers, which treat patients with behavioral disorders in a non-hospital setting, including outdoor programs.

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Analyst Recommendations for Acadia Healthcare (NASDAQ:ACHC)

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