Palisade Capital Management LP Acquires 12,807 Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Palisade Capital Management LP lifted its position in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC - Free Report) by 2.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 613,332 shares of the company's stock after buying an additional 12,807 shares during the quarter. Palisade Capital Management LP owned approximately 0.67% of Acadia Healthcare worth $18,596,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Envestnet Portfolio Solutions Inc. bought a new position in shares of Acadia Healthcare in the first quarter worth about $222,000. Sterling Capital Management LLC lifted its holdings in Acadia Healthcare by 59.1% in the 4th quarter. Sterling Capital Management LLC now owns 5,456 shares of the company's stock worth $216,000 after purchasing an additional 2,026 shares in the last quarter. US Bancorp DE boosted its stake in Acadia Healthcare by 18.5% in the 4th quarter. US Bancorp DE now owns 15,196 shares of the company's stock worth $603,000 after purchasing an additional 2,374 shares during the period. Raymond James Financial Inc. purchased a new stake in Acadia Healthcare during the 4th quarter valued at approximately $5,134,000. Finally, Russell Investments Group Ltd. raised its position in shares of Acadia Healthcare by 21.4% during the fourth quarter. Russell Investments Group Ltd. now owns 18,421 shares of the company's stock valued at $730,000 after buying an additional 3,248 shares during the last quarter.

Wall Street Analyst Weigh In

ACHC has been the subject of several research analyst reports. KeyCorp cut their target price on shares of Acadia Healthcare from $65.00 to $55.00 and set an "overweight" rating for the company in a research note on Wednesday, May 14th. Stephens upgraded Acadia Healthcare to a "hold" rating in a research report on Monday, June 2nd. Wall Street Zen upgraded Acadia Healthcare from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Barclays cut their price target on Acadia Healthcare from $35.00 to $28.00 and set an "equal weight" rating for the company in a report on Wednesday, May 14th. Finally, Mizuho decreased their price objective on Acadia Healthcare from $37.00 to $32.00 and set a "neutral" rating on the stock in a report on Wednesday, May 14th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $47.94.

Acadia Healthcare Trading Up 3.1%

NASDAQ:ACHC traded up $0.71 during midday trading on Friday, hitting $23.90. 1,483,833 shares of the company traded hands, compared to its average volume of 1,839,510. The firm has a market capitalization of $2.20 billion, a P/E ratio of 11.77, a P/E/G ratio of 4.41 and a beta of 0.93. The firm's fifty day moving average is $22.98 and its 200-day moving average is $31.33. Acadia Healthcare Company, Inc. has a 12-month low of $20.36 and a 12-month high of $82.41. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.72.

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

Acadia Healthcare 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.