Acadia Healthcare (NASDAQ:ACHC) Shares Gap Up – Here’s Why

Acadia Healthcare Company, Inc. (NASDAQ:ACHC)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $39.84, but opened at $42.24. Acadia Healthcare shares last traded at $42.16, with a volume of 242,188 shares changing hands.

Analyst Ratings Changes

Several analysts have weighed in on ACHC shares. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $52.00 price target on shares of Acadia Healthcare in a report on Tuesday. Deutsche Bank Aktiengesellschaft raised Acadia Healthcare from a “hold” rating to a “buy” rating and raised their price objective for the company from $45.00 to $75.00 in a report on Thursday. KeyCorp initiated coverage on Acadia Healthcare in a report on Friday, October 11th. They set a “sector weight” rating on the stock. StockNews.com cut Acadia Healthcare from a “hold” rating to a “sell” rating in a report on Friday, November 22nd. Finally, Barclays decreased their price objective on Acadia Healthcare from $76.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Acadia Healthcare currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.44.

Acadia Healthcare Stock Up 5.4 %

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 stock has a 50 day simple moving average of $46.02 and a 200 day simple moving average of $62.13. The firm has a market capitalization of $3.90 billion, a PE ratio of 13.06, a PEG ratio of 1.82 and a beta of 1.30.

Acadia Healthcare (NASDAQ:ACHC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. The firm had revenue of $815.60 million for the quarter, compared to analyst estimates of $819.42 million. Acadia Healthcare had a return on equity of 11.12% and a net margin of 8.99%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the company earned $0.91 EPS. As a group, sell-side analysts forecast that Acadia Healthcare Company, Inc. will post 3.38 earnings per share for the current year.

Institutional Investors Weigh In On Acadia Healthcare

Large investors have recently made changes to their positions in the business. Blue Trust Inc. grew its position in shares of Acadia Healthcare by 86.1% in the 2nd quarter. Blue Trust Inc. now owns 536 shares of the company’s stock worth $36,000 after buying an additional 248 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Acadia Healthcare by 57.1% in the 3rd quarter. GAMMA Investing LLC now owns 663 shares of the company’s stock worth $42,000 after buying an additional 241 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Acadia Healthcare during the second quarter valued at approximately $59,000. Covestor Ltd boosted its position in shares of Acadia Healthcare by 834.4% during the third quarter. Covestor Ltd now owns 1,140 shares of the company’s stock valued at $72,000 after purchasing an additional 1,018 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Acadia Healthcare during the third quarter valued at approximately $86,000.

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.