25,900 Shares in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 25,900 shares of the company's stock, valued at approximately $2,014,000.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Acadia Healthcare by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 8,831,131 shares of the company's stock valued at $620,917,000 after acquiring an additional 26,379 shares during the period. Wellington Management Group LLP grew its holdings in Acadia Healthcare by 2.1% during the 3rd quarter. Wellington Management Group LLP now owns 7,537,922 shares of the company's stock valued at $529,991,000 after buying an additional 152,783 shares in the last quarter. William Blair Investment Management LLC lifted its position in Acadia Healthcare by 0.3% during the third quarter. William Blair Investment Management LLC now owns 3,058,916 shares of the company's stock valued at $215,072,000 after purchasing an additional 10,062 shares during the last quarter. State Street Corp lifted its holdings in shares of Acadia Healthcare by 0.9% in the 2nd quarter. State Street Corp now owns 2,563,638 shares of the company's stock valued at $204,168,000 after acquiring an additional 22,019 shares during the last quarter. Finally, Durable Capital Partners LP raised its position in Acadia Healthcare by 30.8% during the fourth quarter. Durable Capital Partners LP now owns 1,941,595 shares of the company's stock valued at $159,832,000 after purchasing an additional 457,687 shares during the period.

Acadia Healthcare Price Performance

ACHC stock traded up $0.03 during trading on Thursday, hitting $70.28. The stock had a trading volume of 612,938 shares, compared to its average volume of 563,850. The company's 50-day moving average price is $79.42 and its two-hundred day moving average price is $77.55. Acadia Healthcare Company, Inc. has a twelve month low of $66.49 and a twelve month high of $87.77. The stock has a market capitalization of $6.50 billion, a P/E ratio of -281.11, a PEG ratio of 2.10 and a beta of 1.31. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.67 and a quick ratio of 0.67.

Acadia Healthcare (NASDAQ:ACHC - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.05. The business had revenue of $742.80 million during the quarter, compared to analysts' expectations of $727.60 million. Acadia Healthcare had a negative net margin of 0.74% and a positive return on equity of 11.21%. The company's quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 earnings per share. As a group, research analysts predict that Acadia Healthcare Company, Inc. will post 3.57 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on ACHC shares. Mizuho boosted their price objective on shares of Acadia Healthcare from $77.00 to $84.00 and gave the company a "neutral" rating in a research report on Wednesday, March 6th. TheStreet raised Acadia Healthcare from a "c" rating to a "b-" rating in a research note on Monday, March 4th. UBS Group lifted their price objective on shares of Acadia Healthcare from $88.00 to $102.00 and gave the company a "buy" rating in a report on Wednesday, February 28th. Stephens raised shares of Acadia Healthcare from an "equal weight" rating to an "overweight" rating and set a $92.00 target price on the stock in a research report on Friday, January 5th. Finally, TD Cowen lifted their price objective on Acadia Healthcare from $86.00 to $101.00 and gave the company an "outperform" rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $91.22.

Insiders Place Their Bets

In other Acadia Healthcare news, Director Wade D. Miquelon sold 2,203 shares of the business's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $85.39, for a total transaction of $188,114.17. Following the transaction, the director now owns 46,074 shares of the company's stock, valued at $3,934,258.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.80% of the company's stock.

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.