Cerity Partners LLC Sells 13,176 Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Cerity Partners LLC reduced its position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC - Free Report) by 26.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,884 shares of the company's stock after selling 13,176 shares during the quarter. Cerity Partners LLC's holdings in Acadia Healthcare were worth $1,118,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Wellington Management Group LLP increased its position in Acadia Healthcare by 0.7% during the fourth quarter. Wellington Management Group LLP now owns 11,734,743 shares of the company's stock worth $465,283,000 after buying an additional 76,490 shares during the period. FMR LLC raised its stake in shares of Acadia Healthcare by 257.9% during the fourth quarter. FMR LLC now owns 6,230,631 shares of the company's stock worth $247,045,000 after purchasing an additional 4,489,681 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Acadia Healthcare by 18.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,182,729 shares of the company's stock worth $126,189,000 after purchasing an additional 486,395 shares during the last quarter. Madison Avenue Partners LP purchased a new stake in Acadia Healthcare during the fourth quarter worth about $76,339,000. Finally, Sachem Head Capital Management LP acquired a new stake in Acadia Healthcare in the fourth quarter valued at $52,734,000.

Wall Street Analyst Weigh In

ACHC has been the topic of a number of research reports. Barclays cut their price objective on Acadia Healthcare from $35.00 to $28.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 14th. Wall Street Zen upgraded Acadia Healthcare from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Guggenheim assumed coverage on Acadia Healthcare in a research report on Wednesday, April 9th. They issued a "buy" rating and a $36.00 target price for the company. Stephens raised Acadia Healthcare to a "hold" rating in a research note on Monday, June 2nd. Finally, Mizuho lowered their price target on Acadia Healthcare from $37.00 to $32.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 14th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $47.94.

Acadia Healthcare Stock Performance

Shares of NASDAQ ACHC traded up $0.42 during trading hours on Friday, hitting $22.16. 800,157 shares of the company's stock were exchanged, compared to its average volume of 2,144,378. Acadia Healthcare Company, Inc. has a 1-year low of $20.35 and a 1-year high of $82.40. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 4.38 and a beta of 0.93. The company's 50-day moving average price is $22.75 and its 200-day moving average price is $29.64.

Acadia Healthcare (NASDAQ:ACHC - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. Acadia Healthcare had a return on equity of 8.72% and a net margin of 5.94%. The firm had revenue of $770.51 million for the quarter, compared to analyst estimates of $769.90 million. During the same period in the previous year, the company posted $0.84 earnings per share. The company's quarterly revenue was up .3% compared to the same quarter last year. On average, sell-side analysts expect that Acadia Healthcare Company, Inc. will post 3.38 earnings per share 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.