one8zero8 LLC Sells 28,915 Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Key Points

• one8zero8 LLC significantly reduced its holdings in Acadia Healthcare by 65.8% in the first quarter, selling 28,915 shares and retaining 15,025 shares worth approximately $456,000.
• Acadia Healthcare reported an EPS of $0.40 for the last quarter, exceeding expectations of $0.35, with revenues reaching $770.51 million.
• Wall Street analysts have mixed sentiments on Acadia Healthcare, with one downgrade to "sell" and varying target price adjustments; the consensus rating remains a "Hold" with a target price of $47.94.

one8zero8 LLC lessened its stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC - Free Report) by 65.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,025 shares of the company's stock after selling 28,915 shares during the quarter. one8zero8 LLC's holdings in Acadia Healthcare were worth $456,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ACHC. Corient Private Wealth LLC increased its holdings in shares of Acadia Healthcare by 19.8% during the 4th quarter. Corient Private Wealth LLC now owns 11,426 shares of the company's stock valued at $453,000 after acquiring an additional 1,892 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Acadia Healthcare in the fourth quarter valued at approximately $248,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Acadia Healthcare in the fourth quarter worth $718,000. LPL Financial LLC boosted its holdings in shares of Acadia Healthcare by 5.4% during the 4th quarter. LPL Financial LLC now owns 55,830 shares of the company's stock worth $2,275,000 after buying an additional 2,869 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in Acadia Healthcare in the 4th quarter valued at $436,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ACHC shares. KeyCorp decreased their price target on shares of Acadia Healthcare from $65.00 to $55.00 and set an "overweight" rating for the company in a report on Wednesday, May 14th. Stephens raised Acadia Healthcare to a "hold" rating in a report on Monday, June 2nd. Guggenheim assumed coverage on Acadia Healthcare in a report on Wednesday, April 9th. They set a "buy" rating and a $36.00 price target for the company. Barclays lowered their price objective on shares of Acadia Healthcare from $35.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 14th. Finally, Wall Street Zen downgraded shares of Acadia Healthcare from a "hold" rating to a "sell" rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $47.94.

Acadia Healthcare Stock Performance

ACHC traded up $0.20 during trading on Wednesday, reaching $22.46. 506,927 shares of the company's stock were exchanged, compared to its average volume of 2,135,219. Acadia Healthcare Company, Inc. has a fifty-two week low of $20.35 and a fifty-two week high of $82.40. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.72. The business has a 50 day moving average price of $22.57 and a 200 day moving average price of $29.06. The company has a market capitalization of $2.07 billion, a P/E ratio of 11.02, a PEG ratio of 4.32 and a beta of 0.93.

Acadia Healthcare (NASDAQ:ACHC - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.05. Acadia Healthcare had a net margin of 5.94% and a return on equity of 8.72%. The firm had revenue of $770.51 million for the quarter, compared to the consensus estimate of $769.90 million. During the same quarter in the previous year, the company earned $0.84 earnings per share. The business's revenue was up .3% compared to the same quarter last year. As a group, analysts predict 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.