Public Employees Retirement System of Ohio Makes New $1.29 Million Investment in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Public Employees Retirement System of Ohio acquired a new position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 32,606 shares of the company's stock, valued at approximately $1,293,000.

Other hedge funds also recently added to or reduced their stakes in the company. Lindbrook Capital LLC lifted its stake in Acadia Healthcare by 1,342.0% during the fourth quarter. Lindbrook Capital LLC now owns 721 shares of the company's stock worth $29,000 after purchasing an additional 671 shares in the last quarter. Blue Trust Inc. lifted its stake in Acadia Healthcare by 69.4% during the fourth quarter. Blue Trust Inc. now owns 842 shares of the company's stock worth $33,000 after purchasing an additional 345 shares in the last quarter. Signaturefd LLC lifted its stake in Acadia Healthcare by 460.6% during the fourth quarter. Signaturefd LLC now owns 1,222 shares of the company's stock worth $48,000 after purchasing an additional 1,004 shares in the last quarter. Fifth Third Bancorp lifted its stake in Acadia Healthcare by 56.0% during the fourth quarter. Fifth Third Bancorp now owns 1,264 shares of the company's stock worth $50,000 after purchasing an additional 454 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in Acadia Healthcare by 287.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,258 shares of the company's stock worth $50,000 after purchasing an additional 933 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have commented on the company. Mizuho decreased their price target on Acadia Healthcare from $37.00 to $32.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 14th. Barclays reduced their price objective on 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. KeyCorp reduced their price objective on Acadia Healthcare from $65.00 to $55.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 14th. Guggenheim initiated coverage on Acadia Healthcare in a research note on Wednesday, April 9th. They issued a "buy" rating and a $36.00 price objective on the stock. Finally, Wall Street Zen upgraded Acadia Healthcare from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Acadia Healthcare presently has an average rating of "Moderate Buy" and a consensus price target of $47.94.

Acadia Healthcare Stock Up 0.5%

NASDAQ:ACHC traded up $0.11 during trading hours on Friday, hitting $22.74. The company's stock had a trading volume of 882,740 shares, compared to its average volume of 1,722,881. The stock has a market capitalization of $2.09 billion, a P/E ratio of 7.46, a price-to-earnings-growth ratio of 1.46 and a beta of 0.94. The stock has a fifty day moving average of $24.33 and a 200-day moving average of $33.77. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.60. Acadia Healthcare Company, Inc. has a 52-week low of $20.36 and a 52-week high of $82.41.

Acadia Healthcare (NASDAQ:ACHC - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. The firm had revenue of $770.51 million for the quarter, compared to analyst estimates of $769.90 million. Acadia Healthcare had a return on equity of 11.12% and a net margin of 8.99%. Acadia Healthcare's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 earnings per share. On average, equities analysts forecast that Acadia Healthcare Company, Inc. will post 3.38 earnings per share for the current 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.