Comerica Bank Has $1.16 Million Stock Position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Comerica Bank decreased its stake in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 5.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,279 shares of the company’s stock after selling 1,674 shares during the quarter. Comerica Bank’s holdings in Acadia Healthcare were worth $1,161,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Treasurer of the State of North Carolina boosted its position in shares of Acadia Healthcare by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 40,005 shares of the company’s stock valued at $1,586,000 after purchasing an additional 250 shares during the period. Nisa Investment Advisors LLC boosted its position in Acadia Healthcare by 40.7% during the 4th 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 period. Coldstream Capital Management Inc. boosted its position in Acadia Healthcare by 4.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 6,470 shares of the company’s stock worth $257,000 after acquiring an additional 303 shares during the period. Covestor Ltd boosted its position in Acadia Healthcare by 27.2% during the 4th quarter. Covestor Ltd now owns 1,450 shares of the company’s stock worth $58,000 after acquiring an additional 310 shares during the period. Finally, Pacer Advisors Inc. boosted its position in Acadia Healthcare by 2.4% during the 4th quarter. Pacer Advisors Inc. now owns 13,847 shares of the company’s stock worth $549,000 after acquiring an additional 325 shares during the period.

Acadia Healthcare Stock Down 1.4%

ACHC opened at $23.87 on Monday. The business has a 50-day moving average of $26.57 and a 200-day moving average of $36.32. Acadia Healthcare Company, Inc. has a fifty-two week low of $20.36 and a fifty-two week high of $82.41. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $2.20 billion, a PE ratio of 7.83, a price-to-earnings-growth ratio of 1.46 and a beta of 1.01.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ACHC shares. Mizuho decreased their price objective 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 started coverage on Acadia Healthcare in a research report on Wednesday, April 9th. They set a “buy” rating and a $36.00 price objective for the company. Royal Bank of Canada decreased their price objective on Acadia Healthcare from $64.00 to $43.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Barclays lowered Acadia Healthcare from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $43.00 to $35.00 in a research report on Friday, February 28th. Finally, KeyCorp cut their price target on Acadia Healthcare from $70.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $50.39.

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.