Fisher Asset Management LLC Cuts Holdings in Acadia Healthcare Company Inc (ACHC)

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Fisher Asset Management LLC cut its holdings in shares of Acadia Healthcare Company Inc (NASDAQ:ACHC) by 9.1% during the third quarter, HoldingsChannel.com reports. The firm owned 165,738 shares of the company’s stock after selling 16,669 shares during the quarter. Fisher Asset Management LLC’s holdings in Acadia Healthcare were worth $5,834,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Capital Fund Management S.A. acquired a new position in Acadia Healthcare during the 2nd quarter valued at about $3,351,000. Envestnet Asset Management Inc. lifted its position in Acadia Healthcare by 6.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 78,446 shares of the company’s stock valued at $3,209,000 after purchasing an additional 4,535 shares during the period. Public Employees Retirement System of Ohio lifted its position in Acadia Healthcare by 18.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 36,925 shares of the company’s stock valued at $1,511,000 after purchasing an additional 5,762 shares during the period. Glenmede Trust Co. NA lifted its position in Acadia Healthcare by 4.1% during the 2nd quarter. Glenmede Trust Co. NA now owns 1,028,476 shares of the company’s stock valued at $42,075,000 after purchasing an additional 40,147 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Acadia Healthcare by 27.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,153,977 shares of the company’s stock valued at $210,849,000 after purchasing an additional 1,122,452 shares during the period.

Shares of ACHC stock opened at $41.19 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $3.49 billion, a PE ratio of 16.85, a P/E/G ratio of 1.46 and a beta of 0.63. Acadia Healthcare Company Inc has a one year low of $26.92 and a one year high of $45.02.

ACHC has been the subject of a number of recent analyst reports. ValuEngine raised Acadia Healthcare from a “sell” rating to a “hold” rating in a research note on Friday, October 26th. Mizuho set a $37.00 price target on Acadia Healthcare and gave the company a “hold” rating in a research note on Thursday, October 18th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $39.00 price target on shares of Acadia Healthcare in a research note on Thursday, October 18th. Craig Hallum cut Acadia Healthcare from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. They noted that the move was a valuation call. Finally, BidaskClub raised Acadia Healthcare from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Acadia Healthcare has a consensus rating of “Hold” and a consensus target price of $43.11.

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.

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

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