1,514,881 Shares in Acadia Healthcare Company, Inc. (ACHC) Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC acquired a new stake in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,514,881 shares of the company’s stock, valued at approximately $74,805,000. Janus Henderson Group PLC owned approximately 1.72% of Acadia Healthcare as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in Acadia Healthcare by 65.6% during the second quarter. BlackRock Inc. now owns 8,523,077 shares of the company’s stock worth $420,871,000 after buying an additional 3,377,291 shares in the last quarter. Vanguard Group Inc. grew its holdings in Acadia Healthcare by 8.9% during the second quarter. Vanguard Group Inc. now owns 6,254,532 shares of the company’s stock worth $308,849,000 after buying an additional 511,299 shares in the last quarter. Aristotle Capital Management LLC bought a new stake in Acadia Healthcare during the first quarter worth $140,071,000. FMR LLC grew its holdings in Acadia Healthcare by 26.4% during the second quarter. FMR LLC now owns 2,775,451 shares of the company’s stock worth $137,052,000 after buying an additional 580,449 shares in the last quarter. Finally, Frontier Capital Management Co. LLC grew its holdings in Acadia Healthcare by 11.5% during the second quarter. Frontier Capital Management Co. LLC now owns 2,328,063 shares of the company’s stock worth $114,960,000 after buying an additional 240,975 shares in the last quarter.

Shares of Acadia Healthcare Company, Inc. (ACHC) opened at 43.455 on Thursday. The company’s 50 day moving average price is $46.33 and its 200-day moving average price is $46.36. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 477.527 and a beta of 1.07. Acadia Healthcare Company, Inc. has a 1-year low of $32.54 and a 1-year high of $54.34.

Acadia Healthcare (NASDAQ:ACHC) last released its earnings results on Thursday, July 27th. The company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The company had revenue of $715.90 million for the quarter, compared to the consensus estimate of $717.38 million. Acadia Healthcare had a return on equity of 8.69% and a net margin of 0.30%. Acadia Healthcare’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 earnings per share. On average, equities analysts forecast that Acadia Healthcare Company, Inc. will post $2.45 earnings per share for the current year.

ACHC has been the topic of several research analyst reports. Zacks Investment Research cut Acadia Healthcare from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Craig Hallum reissued a “buy” rating and issued a $65.00 price objective (up previously from $52.00) on shares of Acadia Healthcare in a research report on Monday, July 31st. UBS AG reissued a “positive” rating and issued a $60.00 price objective (up previously from $54.00) on shares of Acadia Healthcare in a research report on Monday, July 31st. BidaskClub cut Acadia Healthcare from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Finally, Deutsche Bank AG boosted their price objective on Acadia Healthcare from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $56.90.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Markets Daily and is owned by of Markets Daily. If you are viewing this report on another domain, it was copied illegally and republished in violation of US & international trademark and copyright laws. The legal version of this report can be accessed at https://www.themarketsdaily.com/2017/10/12/1514881-shares-in-acadia-healthcare-company-inc-achc-acquired-by-janus-henderson-group-plc.html.

In other news, CEO Joey A. Jacobs sold 500,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $50.69, for a total value of $25,345,000.00. Following the transaction, the chief executive officer now directly owns 201,496 shares in the company, valued at $10,213,832.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott Schwieger sold 2,891 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $52.85, for a total value of $152,789.35. Following the completion of the transaction, the insider now owns 8,841 shares in the company, valued at $467,246.85. The disclosure for this sale can be found here. Insiders have sold 3,085,693 shares of company stock worth $157,729,099 over the last quarter. 11.10% of the stock is owned by company insiders.

About Acadia Healthcare

Acadia Healthcare Company, Inc is a provider of behavioral healthcare services, with operations in the United States and the United Kingdom. The Company focuses on acquiring and developing behavioral healthcare facilities. The Company operates through two segments: U.S. Facilities and U.K. Facilities.

Want to see what other hedge funds are holding ACHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acadia Healthcare Company, Inc. (NASDAQ:ACHC).

Institutional Ownership by Quarter for Acadia Healthcare (NASDAQ:ACHC)

Receive News & Ratings for Acadia Healthcare Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acadia Healthcare Company Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply