Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC - Free Report) by 65.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 213,583 shares of the company's stock after selling 411,358 shares during the quarter. Principal Financial Group Inc. owned approximately 0.23% of Acadia Healthcare worth $6,476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. FMR LLC boosted its stake in Acadia Healthcare by 257.9% during the fourth quarter. FMR LLC now owns 6,230,631 shares of the company's stock valued at $247,045,000 after buying an additional 4,489,681 shares during the period. Madison Avenue Partners LP purchased a new stake in Acadia Healthcare during the 4th quarter valued at about $76,339,000. Sachem Head Capital Management LP purchased a new stake in Acadia Healthcare during the 4th quarter valued at about $52,734,000. Khrom Capital Management LLC purchased a new stake in Acadia Healthcare during the 4th quarter valued at about $49,602,000. Finally, Balyasny Asset Management L.P. purchased a new stake in Acadia Healthcare in the 4th quarter worth approximately $43,092,000.

Acadia Healthcare Price Performance

NASDAQ ACHC traded down $0.85 during trading on Friday, hitting $21.92. 1,278,458 shares of the stock traded hands, compared to its average volume of 1,870,740. The company has a market capitalization of $2.02 billion, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 4.18 and a beta of 0.93. The firm has a 50-day simple moving average of $23.07 and a 200-day simple moving average of $30.14. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.72. Acadia Healthcare Company, Inc. has a 12-month low of $20.36 and a 12-month high of $82.41.

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wall Street Zen raised Acadia Healthcare from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. KeyCorp decreased their target price on Acadia Healthcare from $65.00 to $55.00 and set an "overweight" rating for the company in a research report on Wednesday, May 14th. Barclays decreased their target price on Acadia Healthcare from $35.00 to $28.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 14th. Stephens raised Acadia Healthcare to a "hold" rating in a research report on Monday, June 2nd. Finally, 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. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $47.94.

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.