Point72 Asset Management L.P. Has $144.75 Million Holdings in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Point72 Asset Management L.P. grew its position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 0.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,282,810 shares of the company’s stock after purchasing an additional 12,470 shares during the period. Point72 Asset Management L.P.’s holdings in Acadia Healthcare were worth $144,753,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Polar Asset Management Partners Inc. acquired a new stake in Acadia Healthcare during the third quarter worth approximately $3,329,000. Holocene Advisors LP increased its holdings in Acadia Healthcare by 201.5% in the 3rd quarter. Holocene Advisors LP now owns 972,513 shares of the company’s stock valued at $61,667,000 after buying an additional 649,997 shares during the period. Centiva Capital LP bought a new stake in shares of Acadia Healthcare during the 3rd quarter worth approximately $1,404,000. Clearline Capital LP boosted its position in shares of Acadia Healthcare by 27.7% during the 3rd quarter. Clearline Capital LP now owns 211,332 shares of the company’s stock worth $13,401,000 after acquiring an additional 45,816 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its position in Acadia Healthcare by 193.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,541 shares of the company’s stock valued at $161,000 after purchasing an additional 1,674 shares in the last quarter.

Acadia Healthcare Trading Down 0.6 %

Shares of ACHC stock opened at $42.25 on Wednesday. The company has a market cap of $3.92 billion, a P/E ratio of 13.85, a PEG ratio of 1.88 and a beta of 1.30. Acadia Healthcare Company, Inc. has a fifty-two week low of $36.50 and a fifty-two week high of $87.77. The stock has a 50 day simple moving average of $49.09 and a two-hundred day simple moving average of $63.14. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.07 and a current ratio of 1.07.

Acadia Healthcare (NASDAQ:ACHC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.01. The firm had revenue of $815.60 million during the quarter, compared to the consensus estimate of $819.42 million. Acadia Healthcare had a net margin of 8.99% and a return on equity of 11.12%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 earnings per share. Research analysts forecast that Acadia Healthcare Company, Inc. will post 3.38 earnings per share for the current year.

Analyst Ratings Changes

ACHC has been the topic of a number of recent analyst reports. KeyCorp assumed coverage on Acadia Healthcare in a research report on Friday, October 11th. They issued a “sector weight” rating on the stock. StockNews.com cut shares of Acadia Healthcare from a “hold” rating to a “sell” rating in a research note on Friday, November 22nd. Barclays cut their price target on Acadia Healthcare from $76.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $90.00 price objective on shares of Acadia Healthcare in a report on Tuesday, October 1st. Finally, Royal Bank of Canada decreased their price objective on Acadia Healthcare from $94.00 to $64.00 and set an “outperform” rating for the company in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Acadia Healthcare presently has a consensus rating of “Hold” and an average price target of $79.67.

About Acadia Healthcare

Acadia Healthcare Company, Inc provides behavioral healthcare services in the United States and Puerto Rico. The company develops and operates acute inpatient psychiatric facilities, specialty treatment facilities comprising residential recovery facilities and eating disorder facilities, comprehensive treatment centers, and residential treatment centers, as well as facilities offering outpatient behavioral healthcare services for the behavioral healthcare and recovery needs of communities.