Acadia Healthcare (NASDAQ:ACHC) Trading Down 5.1% - Here's What Happened

Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC - Get Free Report) fell 5.1% on Monday . The stock traded as low as $21.60 and last traded at $21.49. 291,067 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 1,713,280 shares. The stock had previously closed at $22.64.

Wall Street Analyst Weigh In

A number of research firms recently commented on ACHC. Bank of America dropped their price objective on Acadia Healthcare from $50.00 to $44.50 and set a "buy" rating on the stock in a report on Friday, February 28th. Mizuho cut their price target on shares of Acadia Healthcare from $37.00 to $32.00 and set a "neutral" rating on the stock in a report on Wednesday, May 14th. Royal Bank of Canada reduced their price objective on shares of Acadia Healthcare from $64.00 to $43.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. Wall Street Zen raised shares of Acadia Healthcare from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Guggenheim started coverage on Acadia Healthcare in a research report on Wednesday, April 9th. They issued a "buy" rating and a $36.00 price target for the company. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Acadia Healthcare has a consensus rating of "Moderate Buy" and an average price target of $47.94.

Acadia Healthcare Stock Performance

The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 7.46, a price-to-earnings-growth ratio of 1.46 and a beta of 1.01. The stock's 50-day simple moving average is $24.47 and its two-hundred day simple moving average is $33.86. 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 - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. The firm had revenue of $770.51 million during the quarter, compared to the consensus estimate of $769.90 million. Acadia Healthcare had a return on equity of 11.12% and a net margin of 8.99%. The firm's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.84 EPS. Analysts forecast that Acadia Healthcare Company, Inc. will post 3.38 earnings per share for the current year.

Hedge Funds Weigh In On Acadia Healthcare

Large investors have recently bought and sold shares of the stock. Treasurer of the State of North Carolina increased its holdings in shares of Acadia Healthcare by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 40,005 shares of the company's stock worth $1,586,000 after purchasing an additional 250 shares during the period. Coldstream Capital Management Inc. increased its stake in Acadia Healthcare by 4.9% during the fourth quarter. Coldstream Capital Management Inc. now owns 6,470 shares of the company's stock valued at $257,000 after acquiring an additional 303 shares during the period. Covestor Ltd raised its holdings in Acadia Healthcare by 27.2% in the 4th quarter. Covestor Ltd now owns 1,450 shares of the company's stock valued at $58,000 after acquiring an additional 310 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Acadia Healthcare by 69.4% in the 4th quarter. Blue Trust Inc. now owns 842 shares of the company's stock worth $33,000 after acquiring an additional 345 shares during the period. Finally, Xponance Inc. grew its holdings in shares of Acadia Healthcare by 5.9% during the 4th quarter. Xponance Inc. now owns 10,530 shares of the company's stock worth $418,000 after purchasing an additional 590 shares in the last quarter.

Acadia Healthcare Company 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.