Acadia Healthcare Company, Inc. $ACHC Shares Newly Acquired by Penn Capital Management Company LLC

Penn Capital Management Company LLC bought a new position in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 560,252 shares of the company’s stock, valued at approximately $15,434,000.

Other hedge funds also recently added to or reduced their stakes in the company. Clough Capital Partners L P acquired a new stake in shares of Acadia Healthcare during the 1st quarter valued at approximately $5,359,000. Deutsche Bank AG purchased a new stake in shares of Acadia Healthcare during the 2nd quarter worth approximately $49,746,000. Bank of America Corp DE purchased a new stake in shares of Acadia Healthcare during the 2nd quarter worth approximately $21,606,000. Lisanti Capital Growth LLC acquired a new stake in shares of Acadia Healthcare in the 2nd quarter worth approximately $4,502,000. Finally, Royal Bank of Canada grew its holdings in shares of Acadia Healthcare by 7,896.1% in the 1st quarter. Royal Bank of Canada now owns 278,265 shares of the company’s stock worth $6,508,000 after acquiring an additional 274,785 shares during the period.

Acadia Healthcare Stock Performance

Shares of ACHC opened at $38.61 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.20. The stock has a market cap of $3.59 billion, a P/E ratio of -3.10, a PEG ratio of 10.39 and a beta of 0.64. The company has a 50-day moving average of $29.61 and a two-hundred day moving average of $26.26. Acadia Healthcare Company, Inc. has a 12-month low of $11.43 and a 12-month high of $39.70.

Acadia Healthcare (NASDAQ:ACHC) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.14. The company had revenue of $895.31 million for the quarter, compared to the consensus estimate of $877.76 million. Acadia Healthcare had a negative net margin of 33.07% and a positive return on equity of 6.58%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 earnings per share. As a group, research analysts predict that Acadia Healthcare Company, Inc. will post 1.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ACHC. Raymond James Financial began coverage on Acadia Healthcare in a research note on Wednesday, November 4th. They issued a “moderate buy” rating for the company. Cantor Fitzgerald boosted their target price on Acadia Healthcare from $30.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday. Wall Street Zen upgraded Acadia Healthcare from a “hold” rating to a “buy” rating in a research report on Saturday. TD Cowen upped their target price on Acadia Healthcare from $30.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Acadia Healthcare in a research report on Wednesday, September 9th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Acadia Healthcare has a consensus rating of “Hold” and a consensus target price of $32.54.

Acadia Healthcare Profile

Acadia Healthcare Company, Inc is a U.S. provider of behavioral health services. The company operates facilities that treat mental health conditions and substance use disorders, serving patients through inpatient, residential and outpatient care.

Its services include psychiatric hospitals, specialty treatment centers, residential programs and outpatient clinics. Care may include assessment, therapy, medication management and treatment for addiction, depending on the facility and program.

Founded in 2005 and headquartered in Franklin, Tennessee, Acadia serves communities across the United States.