Hsbc Holdings PLC Purchases 19,799 Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Hsbc Holdings PLC grew its position in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC - Free Report) by 519.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 23,611 shares of the company's stock after acquiring an additional 19,799 shares during the quarter. Hsbc Holdings PLC's holdings in Acadia Healthcare were worth $919,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ACHC. Lindbrook Capital LLC grew its stake in shares of Acadia Healthcare by 1,342.0% in the 4th quarter. Lindbrook Capital LLC now owns 721 shares of the company's stock worth $29,000 after buying an additional 671 shares in the last quarter. Blue Trust Inc. grew its position in Acadia Healthcare by 69.4% in the fourth quarter. Blue Trust Inc. now owns 842 shares of the company's stock worth $33,000 after acquiring an additional 345 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Acadia Healthcare by 40.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,040 shares of the company's stock worth $41,000 after acquiring an additional 301 shares during the last quarter. Signaturefd LLC raised its position in Acadia Healthcare by 460.6% during the fourth quarter. Signaturefd LLC now owns 1,222 shares of the company's stock valued at $48,000 after purchasing an additional 1,004 shares during the period. Finally, Quadrant Capital Group LLC lifted its stake in shares of Acadia Healthcare by 287.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,258 shares of the company's stock valued at $50,000 after purchasing an additional 933 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages recently issued reports on ACHC. KeyCorp lowered their price target on Acadia Healthcare from $70.00 to $65.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Barclays downgraded shares of Acadia Healthcare from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $43.00 to $35.00 in a report on Friday, February 28th. Guggenheim started coverage on Acadia Healthcare in a research report on Wednesday, April 9th. They set a "buy" rating and a $36.00 target price for the company. TD Cowen reduced their price target on Acadia Healthcare from $70.00 to $66.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Finally, Bank of America cut their price objective on Acadia Healthcare from $50.00 to $44.50 and set a "buy" rating on the stock in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.39.

Acadia Healthcare Stock Performance

Shares of Acadia Healthcare stock opened at $23.31 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.60. The stock's fifty day moving average price is $27.61 and its 200-day moving average price is $37.30. The firm has a market cap of $2.15 billion, a P/E ratio of 7.64, a P/E/G ratio of 1.46 and a beta of 1.01. Acadia Healthcare Company, Inc. has a 12 month low of $20.36 and a 12 month high of $82.41.

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.

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