Millennium Management LLC Sells 231,836 Shares of Acadia Healthcare Company, Inc. $ACHC

Key Points

• Millennium Management LLC reduced its stake in Acadia Healthcare Company by 23.0%, selling 231,836 shares and now holding a position worth approximately $23.59 million.
• Several institutional investors increased their holdings in Acadia Healthcare during the first quarter, with Caitong International raising its position by 11,218.2% to own 1,245 shares valued at $38,000.
• Wall Street analysts have lowered their price targets for Acadia Healthcare, with Mizuho setting a new target of $22.00 and UBS adjusting theirs to $31.00, while the stock maintains an average rating of "Moderate Buy" based on analyst consensus.

Millennium Management LLC lowered its position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC - Free Report) by 23.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 777,934 shares of the company's stock after selling 231,836 shares during the period. Millennium Management LLC owned 0.84% of Acadia Healthcare worth $23,587,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. raised its position in shares of Acadia Healthcare by 149.5% in the 1st quarter. UMB Bank n.a. now owns 1,260 shares of the company's stock worth $38,000 after acquiring an additional 755 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Acadia Healthcare by 11,218.2% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,245 shares of the company's stock worth $38,000 after acquiring an additional 1,234 shares in the last quarter. State of Wyoming bought a new position in shares of Acadia Healthcare in the 4th quarter worth approximately $56,000. Covestor Ltd raised its position in shares of Acadia Healthcare by 56.0% in the 1st quarter. Covestor Ltd now owns 2,262 shares of the company's stock worth $69,000 after acquiring an additional 812 shares in the last quarter. Finally, Twin Tree Management LP raised its position in shares of Acadia Healthcare by 185.8% in the 1st quarter. Twin Tree Management LP now owns 5,691 shares of the company's stock worth $173,000 after acquiring an additional 3,700 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ACHC. Bank of America downgraded Acadia Healthcare from a "buy" rating to a "neutral" rating and cut their price target for the stock from $27.00 to $25.00 in a research note on Wednesday, September 10th. Stephens upgraded Acadia Healthcare to a "hold" rating in a research note on Monday, June 2nd. Raymond James Financial restated an "outperform" rating and issued a $26.00 price target (down previously from $40.00) on shares of Acadia Healthcare in a research note on Thursday, August 14th. Guggenheim cut their price target on Acadia Healthcare from $36.00 to $29.00 and set a "buy" rating on the stock in a research note on Thursday, August 7th. Finally, Barclays cut their price target on Acadia Healthcare from $28.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 7th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.00.

Acadia Healthcare Stock Up 0.7%

ACHC traded up $0.15 during trading on Thursday, hitting $22.07. 2,257,779 shares of the company's stock traded hands, compared to its average volume of 2,359,894. The company's 50 day simple moving average is $21.90 and its two-hundred day simple moving average is $23.92. 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 12-month low of $17.13 and a 12-month high of $78.35. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 4.31 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 EPS for the quarter, beating the consensus estimate of $0.71 by $0.12. Acadia Healthcare had a return on equity of 8.34% and a net margin of 4.31%.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 business posted $0.91 EPS. The company'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. Analysts predict 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.