10 Worst Performing Mid Cap Stocks to Buy According to Analysts

6. Acadia Healthcare Company Inc. (NASDAQ:ACHC)

6-Month Performance as of February 26: -45.95%

Upside Potential as of February 26: 53.48%

Number of Hedge Fund Holders: 46

Acadia Healthcare Company Inc. (NASDAQ:ACHC) provides behavioral healthcare services and offers a range of treatment options across the US and Puerto Rico. From inpatient psychiatric facilities and specialty centers to outpatient services, it addresses the diverse mental health and recovery needs of communities.

In Q3 2024, the company generated a total of $816 million in revenue, which was an 8.7% increase year-over-year. This came from increased patient days (4.7%) and higher revenue per patient day (3.6%). It aims to add 1,200 beds in the full year 2024, with 700 coming online in Q4 alone, through new facilities and joint ventures. The US has a severe shortage of psychiatric beds, so the company is investing billions to add over 2,000 beds in the next two years, expecting this to boost volume growth starting in 2025.

Despite recent media scrutiny leading to a temporary volume dip in October, the company is confident in its long-term growth. Acadia Healthcare Company Inc. (NASDAQ:ACHC) is focused on quality and compliance. It has invested $100 million in technology, which includes wearable patient monitoring and electronic medical records. It has also strengthened its quality and compliance teams and implemented dashboards and monthly reviews. This focus has resulted in positive patient feedback, with 81% reporting feeling hopeful after treatment.