Today it was reported that a Director at Acadia Healthcare (ACHC), William Grieco, exercised options to buy 5,000 ACHC shares at $6.00 a share, for a total transaction value of $30K. The options were close to expired and William Grieco retained stocks.
Following this transaction William Grieco’s holding in the company was increased by 9.73% to a total of $1.76 million. This is Grieco’s first Buy trade following 4 Sell transactions.
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Based on Acadia Healthcare’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $761 million and quarterly net profit of $46.23 million. In comparison, last year the company earned revenue of $717 million and had a net profit of $45.62 million. ACHC’s market cap is $2.73B and the company has a P/E ratio of 12.10. Currently, Acadia Healthcare has an average volume of 2.41M.
Based on 12 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $40.58, reflecting a 30.1% upside. Six different firms, including Citigroup and Jefferies, currently also have a Buy rating on the stock.
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Acadia Healthcare Co., Inc. engages in the provision of behavioral healthcare services. It operates through the following segments: United States (U.S.) Facilities and the United Kingdom (U.K.) Facilities, and Corporate and Other.
