Principal Financial Group Inc. increased its holdings in Acadia Healthcare Company Inc (NASDAQ:ACHC) by 2.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 356,158 shares of the company’s stock after buying an additional 9,548 shares during the period. Principal Financial Group Inc. owned about 0.40% of Acadia Healthcare worth $13,954,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of ACHC. Schwab Charles Investment Management Inc. raised its stake in Acadia Healthcare by 11.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 423,132 shares of the company’s stock worth $13,807,000 after buying an additional 43,847 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Acadia Healthcare by 322.9% in the fourth quarter. Teacher Retirement System of Texas now owns 25,981 shares of the company’s stock worth $848,000 after buying an additional 19,838 shares in the last quarter. California Public Employees Retirement System raised its stake in Acadia Healthcare by 30.0% in the fourth quarter. California Public Employees Retirement System now owns 179,800 shares of the company’s stock worth $5,867,000 after buying an additional 41,500 shares in the last quarter. Swiss National Bank raised its stake in Acadia Healthcare by 2.5% in the fourth quarter. Swiss National Bank now owns 127,168 shares of the company’s stock worth $4,149,000 after buying an additional 3,100 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Acadia Healthcare by 13.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 135,927 shares of the company’s stock worth $4,435,000 after buying an additional 15,698 shares in the last quarter.
Shares of Acadia Healthcare opened at $41.51 on Thursday, Marketbeat Ratings reports. The firm has a market cap of $3.83 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 1.33 and a beta of 0.66. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.29 and a current ratio of 1.29. Acadia Healthcare Company Inc has a 12-month low of $26.92 and a 12-month high of $54.34.
Acadia Healthcare (NASDAQ:ACHC) last issued its quarterly earnings results on Tuesday, May 1st. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $742.20 million for the quarter, compared to the consensus estimate of $727.64 million. Acadia Healthcare had a return on equity of 7.99% and a net margin of 7.34%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.46 earnings per share. analysts predict that Acadia Healthcare Company Inc will post 2.59 earnings per share for the current year.
A number of brokerages recently commented on ACHC. ValuEngine downgraded shares of Acadia Healthcare from a “hold” rating to a “sell” rating in a research note on Saturday, April 7th. BidaskClub raised Acadia Healthcare from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. Acadia Healthcare currently has an average rating of “Buy” and a consensus target price of $44.50.
Acadia Healthcare Profile
Acadia Healthcare Company, Inc develops and operates inpatient psychiatric facilities, residential treatment centers, group homes, substance abuse facilities, and outpatient behavioral healthcare facilities to serve the behavioral health and recovery needs of communities. The company operates acute inpatient psychiatric facilities, which offer evaluation and crisis stabilization of patients with severe psychiatric diagnoses; specialty treatment facilities, including residential recovery facilities, eating disorder facilities, and comprehensive treatment centers that provide continuum care for adults with addictive disorders and co-occurring mental disorders; and residential treatment centers, which treat patients with behavioral disorders in a non-hospital setting, including outdoor programs.
Receive News & Ratings for Acadia Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acadia Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.