Noteworthy Price Action: What’s Propelling Acadia Healthcare Company Inc to Decline So Much?

Noteworthy Price Action: What's Propelling Acadia Healthcare Company Inc to Decline So Much?

The stock of Acadia Healthcare Company Inc (NASDAQ:ACHC) is a huge mover today! About 834,912 shares traded hands. Acadia Healthcare Company Inc (NASDAQ:ACHC) has declined 15.82% since March 9, 2016 and is downtrending. It has underperformed by 23.23% the S&P500.
The move comes after 5 months negative chart setup for the $3.83 billion company. It was reported on Oct, 12 by Barchart.com. We have $40.80 PT which if reached, will make NASDAQ:ACHC worth $344.70M less.

Analysts await Acadia Healthcare Company Inc (NASDAQ:ACHC) to report earnings on November, 1. They expect $0.67 earnings per share, up 8.06% or $0.05 from last year’s $0.62 per share. ACHC’s profit will be $57.24M for 16.73 P/E if the $0.67 EPS becomes a reality. After $0.73 actual earnings per share reported by Acadia Healthcare Company Inc for the previous quarter, Wall Street now forecasts -8.22% negative EPS growth.

Acadia Healthcare Company Inc (NASDAQ:ACHC) Ratings Coverage

Out of 9 analysts covering Acadia Healthcare (NASDAQ:ACHC), 8 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 89% are positive. Acadia Healthcare has been the topic of 14 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Leerink Swann initiated the shares of ACHC in a report on Tuesday, September 1 with “Outperform” rating. The firm has “Outperform” rating given on Thursday, September 15 by Robert W. Baird. The company was initiated on Monday, February 1 by KeyBanc Capital Markets. The firm earned “Outperform” rating on Monday, August 1 by RBC Capital Markets. The firm has “Buy” rating given on Thursday, August 6 by Mizuho. Zacks upgraded it to “Hold” rating and $95 target price in Thursday, August 6 report. The stock of Acadia Healthcare Company Inc (NASDAQ:ACHC) earned “Buy” rating by Cantor Fitzgerald on Thursday, August 6. Mizuho maintained it with “Buy” rating and $71 target price in Friday, April 29 report. JP Morgan initiated Acadia Healthcare Company Inc (NASDAQ:ACHC) on Wednesday, September 16 with “Neutral” rating.

According to Zacks Investment Research, “Acadia Healthcare Company, Inc. provides inpatient behavioral health care services. It provides psychiatric and chemical dependency services, including inpatient psychiatric hospitals, residential treatment centers, outpatient clinics and therapeutic school-based programs. Acadia Healthcare Company, Inc. is headquartered in Franklin, Tennessee.”

Insitutional Activity: The institutional sentiment decreased to 1.25 in Q2 2016. Its down 0.09, from 1.34 in 2016Q1. The ratio worsened, as 32 funds sold all Acadia Healthcare Company Inc shares owned while 70 reduced positions. 34 funds bought stakes while 94 increased positions. They now own 85.76 million shares or 4.92% more from 81.74 million shares in 2016Q1.
Cubist Systematic Strategies Limited, a Connecticut-based fund reported 17,982 shares. Boston Private Wealth Ltd Liability, a Massachusetts-based fund reported 54,804 shares. Huntington Comml Bank has 59 shares for 0% of their US portfolio. Suntrust Banks accumulated 0% or 4,827 shares. Da Davidson & has invested 0% of its portfolio in Acadia Healthcare Company Inc (NASDAQ:ACHC). Johnson Fincl Grp Inc last reported 372 shares in the company. King Luther Capital Mngmt Corp owns 180,467 shares or 0.1% of their US portfolio. Blackrock Advisors last reported 0% of its portfolio in the stock. Moreover, Teachers Retirement System Of The State Of Kentucky has 0.01% invested in Acadia Healthcare Company Inc (NASDAQ:ACHC) for 12,463 shares. State Street Corporation accumulated 0.01% or 975,338 shares. Amer Intl Grp Inc holds 2,218 shares or 0% of its portfolio. Northpointe Capital Lc has invested 0% of its portfolio in Acadia Healthcare Company Inc (NASDAQ:ACHC). Navellier Associate Inc, a Nevada-based fund reported 8,208 shares. Ibm Retirement Fund last reported 0.01% of its portfolio in the stock. Geode Cap Mgmt Ltd Company last reported 505,386 shares in the company.

Insider Transactions: Since August 5, 2016, the stock had 0 insider buys, and 10 insider sales for $139.31 million net activity. WAUD REEVE B sold 84,208 shares worth $4.35 million. Another trade for 29,954 shares valued at $1.55 million was sold by WAUD CAPITAL PARTNERS III – L.L.C.. On Monday, August 8 Fincher Ronald Morgan sold $462,536 worth of the stock or 8,800 shares. Another trade for 54,254 shares valued at $2.81M was sold by WAUD CAPITAL PARTNERS II – L.L.C.. Duckworth David M. sold 16,670 shares worth $905,681. GOLDBERG RANDALL P also sold $190,044 worth of Acadia Healthcare Company Inc (NASDAQ:ACHC) shares.

ACHC Company Profile

Acadia Healthcare Company, Inc., incorporated on October 24, 2005, is a well-known provider of behavioral healthcare services. The Firm operates in two divisions: U.S. Facilities and U.K. Facilities. The Firm develops and operates inpatient psychiatric facilities, residential treatment centers, group homes, substance abuse facilities and facilities providing outpatient behavioral healthcare services to serve the behavioral health and recovery needs of communities throughout the United States, the United Kingdom and Puerto Rico. The Firm operates approximately 260 behavioral healthcare facilities with over 9,900 beds in over 40 states, the United Kingdom and Puerto Rico.

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