Prudential Financial Inc. Trims Position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Prudential Financial Inc. cut its stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 54.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,933 shares of the company’s stock after selling 140,570 shares during the period. Prudential Financial Inc. owned 0.14% of Acadia Healthcare worth $5,680,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. raised its position in Acadia Healthcare by 65.6% in the 2nd quarter. BlackRock Inc. now owns 8,523,077 shares of the company’s stock valued at $420,871,000 after buying an additional 3,377,291 shares during the last quarter. Vanguard Group Inc. grew its stake in Acadia Healthcare by 8.9% in the 2nd quarter. Vanguard Group Inc. now owns 6,254,532 shares of the company’s stock valued at $308,849,000 after purchasing an additional 511,299 shares during the period. FMR LLC grew its stake in Acadia Healthcare by 26.4% in the 2nd quarter. FMR LLC now owns 2,775,451 shares of the company’s stock valued at $137,052,000 after purchasing an additional 580,449 shares during the period. Frontier Capital Management Co. LLC grew its stake in Acadia Healthcare by 10.2% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 2,565,442 shares of the company’s stock valued at $122,526,000 after purchasing an additional 237,379 shares during the period. Finally, William Blair Investment Management LLC grew its stake in Acadia Healthcare by 1,247.4% in the 2nd quarter. William Blair Investment Management LLC now owns 2,128,972 shares of the company’s stock valued at $105,129,000 after purchasing an additional 1,970,965 shares during the period.

A number of research analysts have issued reports on the company. Zacks Investment Research downgraded Acadia Healthcare from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. BidaskClub downgraded Acadia Healthcare from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. KeyCorp restated a “buy” rating and issued a $59.00 target price on shares of Acadia Healthcare in a research note on Friday, October 20th. Bank of America cut their target price on Acadia Healthcare from $60.00 to $52.00 and set a “buy” rating for the company in a research note on Wednesday, October 25th. Finally, Deutsche Bank downgraded Acadia Healthcare from a “buy” rating to a “hold” rating and cut their target price for the stock from $60.00 to $37.00 in a research note on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $45.15.

Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) opened at $31.36 on Wednesday. The firm has a market capitalization of $2,781.45, a P/E ratio of 13.82, a PEG ratio of 1.17 and a beta of 0.90. 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 current ratio of 1.36 and a quick ratio of 1.36.

Acadia Healthcare (NASDAQ:ACHC) last issued its quarterly earnings data on Tuesday, October 24th. The company reported $0.58 earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $716.70 million during the quarter, compared to the consensus estimate of $728.86 million. During the same quarter in the prior year, the business posted $0.58 earnings per share. Acadia Healthcare’s quarterly revenue was down 2.4% compared to the same quarter last year. equities research analysts anticipate that Acadia Healthcare Company, Inc. will post 2.23 earnings per share for the current year.

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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.

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

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