Simplex Trading Lowers stake in Acadia Healthcare Company Inc (ACHC)

Acadia Healthcare Company Inc (ACHC) : Simplex Trading reduced its stake in Acadia Healthcare Company Inc by 48.72% during the most recent quarter end. The investment management company now holds a total of 7,691 shares of Acadia Healthcare Company Inc which is valued at $355,709 after selling 7,307 shares in Acadia Healthcare Company Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Acadia Healthcare Company Inc makes up approximately 0.05% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in ACHC in the latest quarter, The investment management firm added 2,106 additional shares and now holds a total of 2,144 shares of Acadia Healthcare Company Inc which is valued at $99,160. Acadia Healthcare Company Inc makes up approx 0.02% of Advisory Services Network’s portfolio. Bnp Paribas Arbitrage Sa added ACHC to its portfolio by purchasing 1,092 company shares during the most recent quarter which is valued at $53,126. Washington Trust Bank added ACHC to its portfolio by purchasing 42 company shares during the most recent quarter which is valued at $2,043.

Acadia Healthcare Company Inc closed down -1.51 points or -3.16% at $46.25 with 20,71,510 shares getting traded on Friday. Post opening the session at $48.01, the shares hit an intraday low of $45.85 and an intraday high of $48.04 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Acadia Healthcare Company Inc reported $0.73 EPS for the quarter, based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus estimate of $0.73. The company had revenue of $756.55 million for the quarter, compared to analysts expectations of $754.90 million. The company’s revenue was up 66.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.

Many Wall Street Analysts have commented on Acadia Healthcare Company Inc. Shares were Reiterated by RBC Capital Mkts on Aug 1, 2016 to “Outperform” and Lowered the Price Target to $ 78 from a previous price target of $86 .

Acadia Healthcare Company Inc. is a provider of behavioral healthcare services. The Company 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. It operates in two segments: U.S. Facilities and U.K. Facilities. Its U.S. Facilities and services are classified into categories which includes acute inpatient psychiatric facilities; specialty treatment facilities; residential treatment centers; and outpatient community-based services. In the United Kingdom it provides inpatient services through mental health hospitals and care homes. In addition to these services it also operates a U.K. division to provide EAP to organizations. The Company operated approximately 78 behavioral healthcare facilities with over 5800 beds in approximately 24 states the United Kingdom and Puerto Rico.

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