Hawk Ridge Capital Management LP Purchases 2,013,126 Shares of Acadia Healthcare Company, Inc. $ACHC

Key Points

• Hawk Ridge Capital Management LP increased its stake in Acadia Healthcare by 437.5% in Q1, acquiring over 2 million shares, making it the fund's 15th largest position.
• Citigroup also significantly boosted its holdings in Acadia Healthcare by over 5,000%, now owning approximately $72 million in shares.
• Analysts have downgraded price targets for Acadia Healthcare, with a consensus target now at $40.77, amid mixed ratings from various research firms.

Hawk Ridge Capital Management LP lifted its position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC - Free Report) by 437.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,473,226 shares of the company's stock after purchasing an additional 2,013,126 shares during the quarter. Acadia Healthcare comprises about 3.5% of Hawk Ridge Capital Management LP's holdings, making the stock its 15th biggest holding. Hawk Ridge Capital Management LP owned approximately 2.68% of Acadia Healthcare worth $74,988,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings in shares of Acadia Healthcare by 10.3% during the first quarter. PNC Financial Services Group Inc. now owns 6,672 shares of the company's stock valued at $202,000 after purchasing an additional 622 shares during the last quarter. LPL Financial LLC boosted its position in Acadia Healthcare by 1.2% in the first quarter. LPL Financial LLC now owns 56,527 shares of the company's stock valued at $1,651,000 after buying an additional 697 shares in the last quarter. Quantinno Capital Management LP raised its stake in shares of Acadia Healthcare by 9.0% during the fourth quarter. Quantinno Capital Management LP now owns 8,695 shares of the company's stock valued at $345,000 after acquiring an additional 721 shares during the last quarter. UMB Bank n.a. grew its holdings in Acadia Healthcare by 149.5% in the first quarter. UMB Bank n.a. now owns 1,260 shares of the company's stock worth $38,000 after purchasing an additional 755 shares during the period. Finally, Covestor Ltd boosted its holdings in Acadia Healthcare by 56.0% during the first quarter. Covestor Ltd now owns 2,262 shares of the company's stock worth $69,000 after purchasing an additional 812 shares during the last quarter.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Stephens raised shares of Acadia Healthcare to a "hold" rating in a report on Monday, June 2nd. UBS Group lowered their price target on shares of Acadia Healthcare from $45.00 to $31.00 and set a "buy" rating on the stock in a report on Thursday, August 7th. KeyCorp dropped 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 note on Wednesday, May 14th. Mizuho lowered their price objective on Acadia Healthcare from $32.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, August 13th. Finally, Royal Bank Of Canada cut their price objective on Acadia Healthcare from $43.00 to $28.00 and set an "outperform" rating for the company in a research report on Wednesday, August 13th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $40.77.

Acadia Healthcare Stock Performance

NASDAQ:ACHC traded up $0.96 on Tuesday, hitting $23.50. The company's stock had a trading volume of 1,788,687 shares, compared to its average volume of 2,216,862. Acadia Healthcare Company, Inc. has a one year low of $17.13 and a one year high of $79.82. The stock has a fifty day moving average of $22.21 and a two-hundred day moving average of $24.59. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $2.17 billion, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 4.67 and a beta of 0.89.

Acadia Healthcare (NASDAQ:ACHC - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 8.34% and a net margin of 4.31%.The company's revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. Acadia Healthcare has set its FY 2025 guidance at 2.450-2.65 EPS. Research analysts predict that Acadia Healthcare Company, Inc. will post 3.38 earnings per share for the current 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.