Swiss National Bank Acquires 4,700 Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Posted by on May 13th, 2023

Swiss National Bank grew its holdings in Acadia Healthcare Company, Inc. (NASDAQ:ACHC – Get Rating) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 219,368 shares of the company’s stock after acquiring an additional 4,700 shares during the period. Swiss National Bank owned 0.24% of Acadia Healthcare worth $18,058,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Crossmark Global Holdings Inc. lifted its position in Acadia Healthcare by 1.6% during the fourth quarter. Crossmark Global Holdings Inc. now owns 8,049 shares of the company’s stock valued at $663,000 after purchasing an additional 123 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Acadia Healthcare by 1.0% in the 4th quarter. State of Alaska Department of Revenue now owns 12,734 shares of the company’s stock worth $1,048,000 after acquiring an additional 125 shares in the last quarter. Eudaimonia Partners LLC lifted its holdings in Acadia Healthcare by 1.5% during the fourth quarter. Eudaimonia Partners LLC now owns 9,097 shares of the company’s stock valued at $749,000 after purchasing an additional 135 shares in the last quarter. SPC Financial Inc. raised its position in shares of Acadia Healthcare by 1.1% during the 4th quarter. SPC Financial Inc. now owns 14,050 shares of the company’s stock valued at $1,157,000 after purchasing an additional 149 shares during the period. Finally, AE Wealth Management LLC lifted its stake in shares of Acadia Healthcare by 1.8% during the 4th quarter. AE Wealth Management LLC now owns 9,650 shares of the company’s stock valued at $794,000 after buying an additional 174 shares in the last quarter. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

Acadia Healthcare Trading Down 0.2 %

Shares of ACHC stock opened at $71.24 on Friday. The company has a market cap of $6.56 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 1.53 and a beta of 1.31. Acadia Healthcare Company, Inc. has a 1 year low of $63.20 and a 1 year high of $89.85. The stock’s 50 day simple moving average is $71.54 and its two-hundred day simple moving average is $78.60. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42.

Acadia Healthcare (NASDAQ:ACHC – Get Rating) last released its quarterly earnings results on Monday, February 27th. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.04). The company had revenue of $675.30 million for the quarter, compared to analysts’ expectations of $659.17 million. Acadia Healthcare had a net margin of 10.32% and a return on equity of 10.22%. Research analysts predict that Acadia Healthcare Company, Inc. will post 3.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ACHC. Cantor Fitzgerald assumed coverage on Acadia Healthcare in a report on Thursday, April 20th. They set a “neutral” rating and a $83.00 price target on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Acadia Healthcare from a “hold” rating to a “sell” rating and lowered their target price for the stock from $75.00 to $63.00 in a report on Thursday, April 20th. Mizuho cut their target price on shares of Acadia Healthcare from $87.00 to $80.00 and set a “neutral” rating for the company in a research note on Monday, March 6th. Credit Suisse Group boosted their price target on shares of Acadia Healthcare to $95.00 in a research note on Thursday, May 4th. Finally, StockNews.com initiated coverage on Acadia Healthcare in a research report on Thursday, March 16th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $89.10.

Acadia Healthcare Profile

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Acadia Healthcare Co, Inc engages in the provision of behavioral healthcare services. It operates through the following business segments: United States (U.S.) Facilities and the United Kingdom (U.K.) Facilities. The U.S. Facilities segment is classified in the following categories: acute inpatient psychiatric facilities, specialty treatment facilities, residential treatment centers, and outpatient community-based services.

Further Reading

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

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