TimesSquare Capital Management LLC Has $59.30 Million Position in Acadia Healthcare Company Inc (ACHC)

TimesSquare Capital Management LLC boosted its position in Acadia Healthcare Company Inc (NASDAQ:ACHC) by 0.7% during the first quarter, Holdings Channel reports. The firm owned 1,359,990 shares of the company’s stock after buying an additional 9,700 shares during the period. TimesSquare Capital Management LLC’s holdings in Acadia Healthcare Company were worth $59,296,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Jupiter Asset Management Ltd. purchased a new stake in Acadia Healthcare Company during the fourth quarter worth $3,337,000. Dimensional Fund Advisors LP increased its stake in Acadia Healthcare Company by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 609,118 shares of the company’s stock worth $20,165,000 after buying an additional 8,635 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new stake in Acadia Healthcare Company during the fourth quarter worth $334,000. State Street Corp increased its stake in Acadia Healthcare Company by 2.6% in the fourth quarter. State Street Corp now owns 1,019,537 shares of the company’s stock worth $33,768,000 after buying an additional 26,282 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its stake in Acadia Healthcare Company by 20.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 65,536 shares of the company’s stock worth $2,169,000 after buying an additional 11,083 shares during the period.

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

Shares of Acadia Healthcare Company Inc (ACHC) traded up 0.99% on Thursday, hitting $44.00. The company had a trading volume of 647,610 shares. The firm has a 50 day moving average of $43.42 and a 200-day moving average of $40.61. Acadia Healthcare Company Inc has a 12-month low of $32.54 and a 12-month high of $63.67. The firm has a market capitalization of $3.86 billion, a P/E ratio of 255.81 and a beta of 0.91.

Acadia Healthcare Company (NASDAQ:ACHC) last released its earnings results on Tuesday, April 25th. The company reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. Acadia Healthcare Company had a return on equity of 8.91% and a net margin of 0.22%. The business had revenue of $679.20 million for the quarter, compared to analyst estimates of $691.74 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. Acadia Healthcare Company’s revenue was up 10.1% on a year-over-year basis. On average, equities analysts predict that Acadia Healthcare Company Inc will post $2.45 EPS for the current year.

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A number of equities research analysts have recently weighed in on the company. Jefferies Group LLC reaffirmed a “buy” rating on shares of Acadia Healthcare Company in a research note on Friday, May 5th. Citigroup Inc raised their price target on Acadia Healthcare Company from $43.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, March 6th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $45.00 price target on shares of Acadia Healthcare Company in a research note on Monday, February 27th. Mizuho reaffirmed a “buy” rating and set a $52.00 price target (up from $45.00) on shares of Acadia Healthcare Company in a research note on Monday, February 27th. Finally, Zacks Investment Research downgraded Acadia Healthcare Company from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 1st. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $57.82.

In other Acadia Healthcare Company news, COO Ronald Morgan Fincher sold 86,483 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $44.43, for a total value of $3,842,439.69. Following the sale, the chief operating officer now owns 137,204 shares in the company, valued at $6,095,973.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Randall P. Goldberg sold 4,925 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $45.18, for a total value of $222,511.50. Following the completion of the sale, the vice president now owns 10,607 shares in the company, valued at approximately $479,224.26. The disclosure for this sale can be found here. Corporate insiders own 17.20% of the company’s stock.

Acadia Healthcare Company Company Profile

Acadia Healthcare Company, Inc is a provider of behavioral healthcare services, with operations in the United States and the United Kingdom. The Company focuses on acquiring and developing behavioral healthcare facilities. The Company operates through two segments: U.S. Facilities and U.K. Facilities.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ACHC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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