Acadia Healthcare (NASDAQ:ACHC) Trading Up 6.9% - Here's Why

Key Points

• Acadia Healthcare's shares increased by 6.9% during trading, closing at $26.24, despite a decline in trading volume.
• Analysts have mixed views on Acadia Healthcare, with eight maintaining a "buy" rating while some lowered price targets significantly, the highest being announced at $39.00.
• The company reported an EPS of $0.83 for the latest quarter, exceeding estimates, with revenue growth of 9.2% year-over-year and positive guidance for FY 2025.

Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC - Get Free Report) rose 6.9% during trading on Thursday . The stock traded as high as $26.12 and last traded at $26.24. Approximately 328,935 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 2,363,589 shares. The stock had previously closed at $24.55.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ACHC shares. Guggenheim cut their price target on shares of Acadia Healthcare from $36.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, August 7th. Mizuho cut their target price on Acadia Healthcare from $32.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, August 13th. Wall Street Zen upgraded Acadia Healthcare from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. Cowen reissued a "buy" rating on shares of Acadia Healthcare in a report on Thursday, August 7th. Finally, UBS Group reduced their price objective on Acadia Healthcare from $45.00 to $31.00 and set a "buy" rating on the stock in a research note on Thursday, August 7th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $39.00.

Acadia Healthcare Stock Performance

The company has a fifty day moving average price of $22.06 and a two-hundred day moving average price of $23.56. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $2.40 billion, a P/E ratio of 17.22, a PEG ratio of 4.87 and a beta of 0.90.

Acadia Healthcare (NASDAQ:ACHC - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.71 by $0.12. Acadia Healthcare had a net margin of 4.31% and a return on equity of 8.34%. The business had revenue of $869.23 million for the quarter, compared to the consensus estimate of $839.59 million. During the same period last year, the company earned $0.91 EPS. The firm's revenue was up 9.2% compared to the same quarter last year. Acadia Healthcare has set its FY 2025 guidance at 2.450-2.65 EPS. Equities analysts forecast that Acadia Healthcare Company, Inc. will post 3.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Verdence Capital Advisors LLC increased its holdings in Acadia Healthcare by 3.3% in the 2nd quarter. Verdence Capital Advisors LLC now owns 14,656 shares of the company's stock valued at $333,000 after buying an additional 465 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Acadia Healthcare by 54.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,404 shares of the company's stock worth $32,000 after buying an additional 497 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Acadia Healthcare by 10.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,672 shares of the company's stock valued at $202,000 after buying an additional 622 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Acadia Healthcare by 1.2% during the first quarter. LPL Financial LLC now owns 56,527 shares of the company's stock worth $1,651,000 after acquiring an additional 697 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of Acadia Healthcare by 149.5% in the first quarter. UMB Bank n.a. now owns 1,260 shares of the company's stock valued at $38,000 after purchasing an additional 755 shares during the last quarter.

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.

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