Magnetar Financial LLC Has $36.83 Million Stock Position in Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Magnetar Financial LLC increased its stake in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 385.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 928,772 shares of the company’s stock after buying an additional 737,427 shares during the period. Magnetar Financial LLC’s holdings in Acadia Healthcare were worth $36,826,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp lifted its position in Acadia Healthcare by 3.5% during the 3rd quarter. State Street Corp now owns 2,819,911 shares of the company’s stock worth $178,811,000 after buying an additional 95,613 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Acadia Healthcare by 17.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,126,607 shares of the company’s stock valued at $198,258,000 after purchasing an additional 454,044 shares during the period. SG Americas Securities LLC lifted its position in Acadia Healthcare by 713.3% during the 4th quarter. SG Americas Securities LLC now owns 110,866 shares of the company’s stock valued at $4,396,000 after purchasing an additional 97,235 shares during the period. Beach Point Capital Management LP acquired a new position in Acadia Healthcare during the 4th quarter valued at about $14,097,000. Finally, Geode Capital Management LLC lifted its position in Acadia Healthcare by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,613,198 shares of the company’s stock valued at $102,320,000 after purchasing an additional 14,197 shares during the period.

Acadia Healthcare Stock Performance

Shares of NASDAQ:ACHC opened at $29.26 on Thursday. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 1.46 and a beta of 1.38. The firm’s 50 day simple moving average is $39.20 and its 200 day simple moving average is $47.45. 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 Company, Inc. has a fifty-two week low of $27.61 and a fifty-two week high of $82.41.

Analyst Upgrades and Downgrades

ACHC has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Acadia Healthcare from a “hold” rating to a “buy” rating and upped their target price for the company from $45.00 to $75.00 in a research report on Thursday, December 12th. Bank of America cut their target price on shares of Acadia Healthcare from $50.00 to $44.50 and set a “buy” rating on the stock in a research report on Friday, February 28th. StockNews.com downgraded shares of Acadia Healthcare from a “hold” rating to a “sell” rating in a research report on Monday, January 6th. Royal Bank of Canada cut their target price on shares of Acadia Healthcare from $64.00 to $43.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $52.00 price target on shares of Acadia Healthcare in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Acadia Healthcare currently has an average rating of “Hold” and a consensus price target of $56.31.

Acadia Healthcare 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.