The Manufacturers Life Insurance Company Acquires 122,358 Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

The Manufacturers Life Insurance Company lifted its stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC - Free Report) by 33.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 487,596 shares of the company's stock after purchasing an additional 122,358 shares during the quarter. The Manufacturers Life Insurance Company owned 0.52% of Acadia Healthcare worth $19,333,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Lindbrook Capital LLC grew its holdings in shares of Acadia Healthcare by 1,342.0% during the fourth quarter. Lindbrook Capital LLC now owns 721 shares of the company's stock valued at $29,000 after buying an additional 671 shares in the last quarter. Blue Trust Inc. grew its stake in Acadia Healthcare by 69.4% during the 4th quarter. Blue Trust Inc. now owns 842 shares of the company's stock valued at $33,000 after acquiring an additional 345 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Acadia Healthcare by 40.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,040 shares of the company's stock valued at $41,000 after purchasing an additional 301 shares during the period. Signaturefd LLC lifted its position in shares of Acadia Healthcare by 460.6% in 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. Finally, Quadrant Capital Group LLC boosted its holdings in shares of 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 during the period.

Acadia Healthcare Stock Performance

Acadia Healthcare stock traded up $0.99 during mid-day trading on Tuesday, hitting $23.80. 2,500,098 shares of the company's stock traded hands, compared to its average volume of 1,627,899. Acadia Healthcare Company, Inc. has a fifty-two week low of $20.36 and a fifty-two week high of $82.41. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 7.80, a P/E/G ratio of 1.46 and a beta of 1.01. The firm has a 50 day simple moving average of $27.25 and a two-hundred day simple moving average of $37.09. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 1.07.

Analyst Upgrades and Downgrades

Several research firms recently commented on ACHC. Bank of America cut their target price on shares of Acadia Healthcare from $50.00 to $44.50 and set a "buy" rating for the company in a research note on Friday, February 28th. Mizuho cut their target price on Acadia Healthcare from $48.00 to $37.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. Guggenheim initiated coverage on Acadia Healthcare in a research note on Wednesday, April 9th. They set a "buy" rating and a $36.00 price objective for the company. Barclays lowered shares of Acadia Healthcare from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $43.00 to $35.00 in a report on Friday, February 28th. Finally, StockNews.com lowered shares of Acadia Healthcare from a "hold" rating to a "sell" rating in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $50.39.

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.