Harbor Capital Advisors Inc. Acquires 68,190 Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Harbor Capital Advisors Inc. lifted its stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 302.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 90,772 shares of the company’s stock after purchasing an additional 68,190 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Acadia Healthcare were worth $3,599,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Acadia Healthcare by 57.1% in the third quarter. GAMMA Investing LLC now owns 663 shares of the company’s stock worth $42,000 after acquiring an additional 241 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Acadia Healthcare in the 2nd quarter worth about $59,000. Covestor Ltd grew its position in Acadia Healthcare by 834.4% during the 3rd quarter. Covestor Ltd now owns 1,140 shares of the company’s stock valued at $72,000 after purchasing an additional 1,018 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Acadia Healthcare during the 3rd quarter valued at about $86,000. Finally, Assetmark Inc. raised its holdings in Acadia Healthcare by 66.1% in the third quarter. Assetmark Inc. now owns 1,485 shares of the company’s stock worth $94,000 after buying an additional 591 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ACHC shares. Cantor Fitzgerald reissued a “neutral” rating and set a $52.00 price target on shares of Acadia Healthcare in a research report on Tuesday, December 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $64.00 target price on shares of Acadia Healthcare in a report on Friday. TD Cowen lowered their price target on Acadia Healthcare from $70.00 to $66.00 and set a “buy” rating on the stock in a report on Tuesday. StockNews.com downgraded Acadia Healthcare from a “hold” rating to a “sell” rating in a report on Monday, January 6th. Finally, Barclays lowered their target price on shares of Acadia Healthcare from $76.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $70.22.

Acadia Healthcare Stock Performance

ACHC opened at $44.92 on Friday. The company’s 50 day moving average is $40.48 and its 200 day moving average is $58.19. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.60. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 1.77 and a beta of 1.29. Acadia Healthcare Company, Inc. has a 12-month low of $36.50 and a 12-month high of $87.77.

Acadia Healthcare (NASDAQ:ACHC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 EPS. On average, equities research analysts predict that Acadia Healthcare Company, Inc. will post 3.38 EPS for the current year.

Acadia Healthcare Profile

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.