8 Knots Management LLC Has $39.69 Million Stock Position in Acadia Healthcare Company, Inc. $ACHC

Key Points

• 8 Knots Management LLC increased its stake in Acadia Healthcare by 99.3%, owning 1.3 million shares worth approximately $39.69 million, making it the firm's 8th largest investment.
• Acadia Healthcare reported better-than-expected quarterly earnings, with an EPS of $0.83, exceeding estimates by $0.12 and showing a revenue rise of 9.2% year-over-year.
• Analysts have lowered their price targets for Acadia Healthcare, with new targets from Royal Bank of Canada at $28.00 and from Mizuho at $22.00, reflecting varying market outlooks.

8 Knots Management LLC lifted its position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC - Free Report) by 99.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,309,180 shares of the company's stock after purchasing an additional 652,217 shares during the quarter. Acadia Healthcare accounts for approximately 5.0% of 8 Knots Management LLC's holdings, making the stock its 8th biggest holding. 8 Knots Management LLC owned approximately 1.42% of Acadia Healthcare worth $39,694,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. UMB Bank n.a. lifted its position in Acadia Healthcare by 149.5% during the 1st quarter. UMB Bank n.a. now owns 1,260 shares of the company's stock worth $38,000 after buying an additional 755 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Acadia Healthcare by 11,218.2% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,245 shares of the company's stock worth $38,000 after buying an additional 1,234 shares in the last quarter. State of Wyoming acquired a new position in Acadia Healthcare during the 4th quarter worth about $56,000. Covestor Ltd lifted its position in Acadia Healthcare by 56.0% during the 1st quarter. Covestor Ltd now owns 2,262 shares of the company's stock worth $69,000 after buying an additional 812 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in Acadia Healthcare during the 4th quarter worth about $97,000.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ACHC. Barclays reduced their price target on shares of Acadia Healthcare from $28.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 7th. KeyCorp reduced their price target on shares of Acadia Healthcare from $65.00 to $55.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 14th. Royal Bank Of Canada reduced their price target on shares of Acadia Healthcare from $43.00 to $28.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 13th. Stephens upgraded shares of Acadia Healthcare to a "hold" rating in a research report on Monday, June 2nd. Finally, Cowen restated a "buy" rating on shares of Acadia Healthcare in a research report on Thursday, August 7th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $40.77.

Acadia Healthcare Trading Up 0.3%

Shares of NASDAQ:ACHC traded up $0.07 during mid-day trading on Friday, reaching $23.72. The stock had a trading volume of 2,018,492 shares, compared to its average volume of 2,215,601. The firm has a market cap of $2.19 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 4.59 and a beta of 0.89. The firm has a 50 day simple moving average of $22.17 and a two-hundred day simple moving average of $25.05. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.73. Acadia Healthcare Company, Inc. has a twelve month low of $17.13 and a twelve month high of $79.82.

Acadia Healthcare (NASDAQ:ACHC - Get Free Report) last announced 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. The firm had revenue of $869.23 million for the quarter, compared to the consensus estimate of $839.59 million. Acadia Healthcare had a net margin of 4.31% and a return on equity of 8.34%. The business's quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. Acadia Healthcare has set its FY 2025 guidance at 2.450-2.65 EPS. On average, research analysts predict that Acadia Healthcare Company, Inc. will post 3.38 EPS for the current fiscal year.

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.