Citigroup Inc. Buys 2,330,898 Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Key Points

• Citigroup Inc. significantly increased its stake in Acadia Healthcare by 5,144.2%, acquiring 2,330,898 shares, bringing its total ownership to approximately 2.58% valued at $72 million.
• Acadia Healthcare's stock recently traded at $19.24, with a 52-week range from a low of $17.13 to a high of $82.40, and a market capitalization of $1.78 billion.
• Analysts have mixed views on Acadia Healthcare, with several lowering their price targets, but consensus remains a "Moderate Buy" rating with a target of $44.75.

Citigroup Inc. raised its stake in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC - Free Report) by 5,144.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,376,209 shares of the company's stock after acquiring an additional 2,330,898 shares during the quarter. Citigroup Inc. owned approximately 2.58% of Acadia Healthcare worth $72,047,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ACHC. Treasurer of the State of North Carolina raised its stake in shares of Acadia Healthcare by 0.6% in 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 buying an additional 250 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in shares of Acadia Healthcare by 4.9% in the 4th quarter. Coldstream Capital Management Inc. now owns 6,470 shares of the company's stock worth $257,000 after purchasing an additional 303 shares during the last quarter. Covestor Ltd grew its stake in shares of Acadia Healthcare by 27.2% in the 4th quarter. Covestor Ltd now owns 1,450 shares of the company's stock worth $58,000 after purchasing an additional 310 shares during the last quarter. PNC Financial Services Group Inc. grew its stake 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 worth $202,000 after purchasing an additional 622 shares during the last quarter. Finally, LPL Financial LLC grew its stake in shares of Acadia Healthcare by 1.2% in the 1st quarter. LPL Financial LLC now owns 56,527 shares of the company's stock worth $1,651,000 after purchasing an additional 697 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ACHC shares. UBS Group lowered their price objective on shares of Acadia Healthcare from $45.00 to $31.00 and set a "buy" rating on the stock in a research note on Thursday, August 7th. Barclays dropped their target price 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. Stephens raised shares of Acadia Healthcare to a "hold" rating in a research report on Monday, June 2nd. Wall Street Zen raised shares of Acadia Healthcare from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Finally, KeyCorp dropped their target price 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. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $40.77.

Acadia Healthcare Stock Down 1.2%

NASDAQ ACHC traded down $0.25 during trading on Thursday, reaching $20.53. The company's stock had a trading volume of 1,579,716 shares, compared to its average volume of 2,201,698. 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 stock has a market capitalization of $1.90 billion, a PE ratio of 13.57, a PEG ratio of 3.96 and a beta of 0.88. The business has a 50-day moving average price of $22.05 and a 200-day moving average price of $27.38. Acadia Healthcare Company, Inc. has a 1-year low of $17.13 and a 1-year high of $82.40.

Acadia Healthcare (NASDAQ:ACHC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $839.59 million. During the same period in the previous year, the company earned $0.91 earnings per share. Acadia Healthcare's revenue for the quarter was up 9.2% on a year-over-year basis. On average, research analysts forecast that Acadia Healthcare Company, Inc. will post 3.38 earnings per share for the current fiscal year.

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.