Acadia Healthcare Company Inc (NASDAQ:ACHC) Sees Large Decline in Short Interest

Acadia Healthcare Company Inc (NASDAQ:ACHC) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 13,283,100 shares, a decline of 5.0% from the May 15th total of 13,983,100 shares. Approximately 15.4% of the shares of the company are short sold. Based on an average daily trading volume, of 820,200 shares, the days-to-cover ratio is currently 16.2 days.

Several equities research analysts have recently weighed in on ACHC shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $45.00 target price on shares of SAP in a report on Wednesday, May 1st. ValuEngine lowered shares of Viewray from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. BidaskClub lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 16th. Mizuho set a $30.00 price objective on shares of Acadia Healthcare and gave the stock a “hold” rating in a report on Friday, May 31st. Finally, TheStreet lowered shares of Timkensteel from a “c-” rating to a “d+” rating in a report on Monday, June 17th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. Acadia Healthcare has an average rating of “Hold” and an average price target of $36.80.

Acadia Healthcare stock traded down $0.24 during trading hours on Friday, reaching $31.68. 456,985 shares of the company’s stock traded hands, compared to its average volume of 542,982. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.07 and a quick ratio of 1.07. Acadia Healthcare has a fifty-two week low of $24.27 and a fifty-two week high of $45.35. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 1.70 and a beta of 0.67. The business’s 50 day moving average price is $33.77.

Acadia Healthcare (NASDAQ:ACHC) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The business had revenue of $760.60 million for the quarter, compared to the consensus estimate of $762.02 million. Acadia Healthcare had a negative net margin of 6.50% and a positive return on equity of 7.33%. Acadia Healthcare’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the company posted $0.52 EPS. On average, analysts forecast that Acadia Healthcare will post 2.19 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Private Capital Group LLC grew its stake in shares of Acadia Healthcare by 67.3% during the 1st quarter. Private Capital Group LLC now owns 865 shares of the company’s stock worth $25,000 after acquiring an additional 348 shares in the last quarter. Advisor Group Inc. grew its stake in shares of Acadia Healthcare by 23.9% in the fourth quarter. Advisor Group Inc. now owns 3,039 shares of the company’s stock valued at $78,000 after buying an additional 587 shares in the last quarter. Twin Tree Management LP grew its stake in shares of Acadia Healthcare by 3,472.3% in the first quarter. Twin Tree Management LP now owns 2,965 shares of the company’s stock valued at $87,000 after buying an additional 2,882 shares in the last quarter. Quantamental Technologies LLC bought a new position in shares of Acadia Healthcare in the first quarter valued at $94,000. Finally, Ffcm LLC grew its stake in shares of Acadia Healthcare by 183.6% in the fourth quarter. Ffcm LLC now owns 4,697 shares of the company’s stock valued at $121,000 after buying an additional 3,041 shares in the last quarter.

Acadia Healthcare Company 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 in the United States, the United Kingdom, and Puerto Rico.

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