Institutional Investor Acquires Stake In Acadia Healthcare, Reinforcing Its Potential For Future Growth
Boulder Hill Capital Management LP, a prominent institutional investor, recently acquired a new position in Acadia Healthcare Company, Inc.
This information was obtained from the company’s most recent Form 13F filing with the Securities & Exchange Commission. The investor acquired 5,800 shares of Acadia Healthcare’s stock during the first quarter, which were valued at approximately $419,000.
Acadia Healthcare (NASDAQ:ACHC) made its most recent quarterly earnings announcement on Thursday, July 27th. The company reported earnings per share of $0.92 for the quarter, surpassing the consensus estimate of $0.83 by $0.09. Moreover, Acadia Healthcare achieved a return on equity of 10.27% and maintained a net margin of 9.74%. Additionally, the company generated revenue of $731.34 million during this period, exceeding analyst expectations set at $707.06 million.
Acadia Healthcare Company, Inc is primarily engaged in providing behavioral healthcare services in the United States and Puerto Rico. The company offers its patients a wide range of behavioral healthcare services across various settings such as inpatient psychiatric facilities, specialty treatment facilities, residential treatment centers, eating disorder facilities, and outpatient clinics.
This recent acquisition by Boulder Hill Capital Management LP indicates growing interest among institutional investors in Acadia Healthcare Company. As a result of their confidence in the company’s performance and potential for growth in the future, Boulder Hill Capital Management LP decided to strengthen its position by acquiring these additional shares.
Looking ahead to the current fiscal year, equities analysts project that Acadia Healthcare Company will achieve an EPS (Earnings Per Share) of around 3.37 EPS based on their estimates.
As one of the leading providers of behavioral healthcare services in the United States and Puerto Rico, Acadia Healthcare is well-positioned to capitalize on increasing demand for mental health support services both within hospitals and outpatient clinics.
The acquisition made by Boulder Hill Capital Management LP further solidifies Acadia Healthcare’s standing in the market and reaffirms its potential for future growth. With its extensive network of facilities and strong financial performance, the company is expected to continue providing essential behavioral healthcare services to patients across various settings.
Source: BestStocks
