Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Short Interest Up 9.3% in November

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 6,550,000 shares, an increase of 9.3% from the October 31st total of 5,990,000 shares. Based on an average trading volume of 1,600,000 shares, the short-interest ratio is currently 4.1 days.

Institutional Trading of Acadia Healthcare

A number of hedge funds have recently made changes to their positions in ACHC. Harbor Capital Advisors Inc. bought a new position in Acadia Healthcare in the second quarter worth about $800,000. TCW Group Inc. grew its holdings in Acadia Healthcare by 63.8% in the 2nd quarter. TCW Group Inc. now owns 62,888 shares of the company’s stock worth $4,247,000 after buying an additional 24,487 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Acadia Healthcare by 435.6% during the second quarter. SG Americas Securities LLC now owns 18,227 shares of the company’s stock valued at $1,231,000 after purchasing an additional 14,824 shares during the period. Principal Financial Group Inc. lifted its holdings in Acadia Healthcare by 19.4% in the second quarter. Principal Financial Group Inc. now owns 643,521 shares of the company’s stock worth $43,463,000 after purchasing an additional 104,359 shares during the period. Finally, LMR Partners LLP bought a new position in Acadia Healthcare in the 3rd quarter valued at about $1,616,000.

Acadia Healthcare Price Performance

NASDAQ:ACHC traded up $0.33 during trading hours on Wednesday, reaching $42.58. 282,220 shares of the company traded hands, compared to its average volume of 1,024,728. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 1.07. Acadia Healthcare has a 1-year low of $36.50 and a 1-year high of $87.77. The firm’s 50-day moving average is $49.09 and its 200-day moving average is $63.14. The stock has a market cap of $3.96 billion, a P/E ratio of 13.85, a P/E/G ratio of 1.88 and a beta of 1.30.

Acadia Healthcare (NASDAQ:ACHC) last issued its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.01. Acadia Healthcare had a return on equity of 11.12% and a net margin of 8.99%. The business had revenue of $815.60 million for the quarter, compared to analyst estimates of $819.42 million. During the same period last year, the company posted $0.91 EPS. The business’s quarterly revenue was up 8.7% on a year-over-year basis. Equities research analysts expect that Acadia Healthcare will post 3.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ACHC shares. Royal Bank of Canada reduced their price target on shares of Acadia Healthcare from $94.00 to $64.00 and set an “outperform” rating for the company in a report on Monday, November 18th. StockNews.com lowered Acadia Healthcare from a “hold” rating to a “sell” rating in a report on Friday, November 22nd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $90.00 price target on shares of Acadia Healthcare in a report on Tuesday, October 1st. KeyCorp started coverage on Acadia Healthcare in a research note on Friday, October 11th. They set a “sector weight” rating for the company. Finally, Barclays reduced their target price on shares of Acadia Healthcare from $76.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $79.67.

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.