New York City-based Engine Capital Management initiated a stake in Acadia Healthcare during the third quarter, acquiring nearly 2.6 million shares worth $64 million.
The change represents 7.6% of reportable U.S. equity assets under management.
Acadia Healthcare is now the fund’s fourth-largest holding out of 27 reported positions.
These 10 stocks could mint the next wave of millionaires ›
On November 14, New York City-based Engine Capital Management disclosed a new position in Acadia Healthcare (NASDAQ:ACHC), acquiring 2.6 million shares valued at $64 million.
According to a Securities and Exchange Commission (SEC) filing dated November 14, Engine Capital Management initiated a new position in Acadia Healthcare, acquiring nearly 2.6 million shares. The stake was valued at $64 million at the end of the third quarter. This transaction brought the fund’s total reported U.S. equity positions to 27.
Engine Capital’s new position in ACHC represents 7.6% of its reportable assets under management as of September 30.
Top holdings after the filing:
NYSE: AVTR: $246.1 million (29.2% of AUM)
NYSE: NATL: $94.7 million (11.2% of AUM)
NASDAQ: LNW: $80.9 million (9.6% of AUM)
NASDAQ: ACHC: $64.0 million (7.6% of AUM)
NASDAQ: OFIX: $62.3 million (7.4% of AUM)
As of Friday, shares of Acadia Healthcare were priced at $15.47, down 63% over the past year and far underperforming the S&P 500, which is up 13% in the same period.
Metric
Value
Revenue (TTM)
$3.3 billion
Net income (TTM)
$107.4 million
Market capitalization
$1.4 billion
Price (as of market close Friday)
$15.47
Acadia Healthcare operates hundreds of behavioral healthcare facilities across the United States and Puerto Rico.
The company focuses on inpatient psychiatric hospitals, specialty treatment facilities, residential treatment centers, and outpatient clinics.
It serves a diverse patient base seeking mental health and addiction treatment services.
Acadia Healthcare is a leading provider of behavioral healthcare services,…
..
