Acadia Healthcare (NASDAQ:ACHC) Trading Up 7.4% – Here’s Why

Acadia Healthcare Company, Inc. (NASDAQ:ACHC)’s stock price shot up 7.4% during mid-day trading on Wednesday . The company traded as high as $32.87 and last traded at $32.0820. Approximately 194,755 shares were traded during trading, a decline of 94% from the average daily volume of 3,182,073 shares. The stock had previously closed at $29.87.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. UBS Group increased their price objective on shares of Acadia Healthcare from $31.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Barclays increased their target price on Acadia Healthcare from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. TD Cowen raised their target price on Acadia Healthcare from $30.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Acadia Healthcare in a research note on Wednesday, July 29th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Acadia Healthcare in a research report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $29.85.

Acadia Healthcare Stock Up 6.4%

The firm has a market cap of $2.96 billion, a PE ratio of -2.55, a price-to-earnings-growth ratio of 9.25 and a beta of 0.64. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.20. The business has a 50-day moving average price of $30.14 and a two-hundred day moving average price of $25.81.

Acadia Healthcare (NASDAQ:ACHC) last released its earnings results on Tuesday, July 28th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.35 by $0.03. Acadia Healthcare had a positive return on equity of 6.19% and a negative net margin of 33.44%.The firm had revenue of $865.84 million during the quarter, compared to analysts’ expectations of $844.19 million. During the same period in the previous year, the firm posted $0.83 EPS. Acadia Healthcare’s revenue for the quarter was down .4% on a year-over-year basis. Acadia Healthcare has set its FY 2026 guidance at 1.450-1.600 EPS. On average, equities research analysts expect that Acadia Healthcare Company, Inc. will post 1.55 EPS for the current year.

Institutional Trading of Acadia Healthcare

A number of large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in Acadia Healthcare by 54.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,404 shares of the company’s stock valued at $32,000 after acquiring an additional 497 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Acadia Healthcare by 208.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,233 shares of the company’s stock valued at $32,000 after purchasing an additional 1,510 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of Acadia Healthcare in the 2nd quarter valued at $45,000. Global Retirement Partners LLC acquired a new position in shares of Acadia Healthcare during the second quarter worth $68,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in Acadia Healthcare by 4,264.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 5,325 shares of the company’s stock valued at $76,000 after buying an additional 5,203 shares in the last quarter.

About Acadia Healthcare

Acadia Healthcare Company, Inc (NASDAQ: ACHC) is a publicly traded provider of behavioral healthcare services headquartered in Franklin, Tennessee. Founded in 2005, the company has grown through organic expansion and strategic acquisitions to establish itself as a leading specialist in mental health and addiction treatment across the United States.

Acadia operates a diversified network of inpatient psychiatric hospitals, residential treatment centers, outpatient clinics and intensive outpatient programs.