Is Acadia Healthcare Company Inc (NASDAQ:ACHC) ready to raly soon? Hedge funds are getting more optimistic. The number of long hedge fund positions advanced by 10 recently.
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Keeping this in mind, it’s important to take a look at the latest action surrounding Acadia Healthcare Company Inc (NASDAQ:ACHC).
What have hedge funds been doing with Acadia Healthcare Company Inc (NASDAQ:ACHC)?
In preparation for this year, a total of 17 of the hedge funds we track were long in this stock, a change of 143% from the third quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a few key hedge fund managers who were upping their stakes meaningfully.
When looking at the hedgies we track, James Dondero’s Highland Capital Management had the biggest position in Acadia Healthcare Company Inc (NASDAQ:ACHC), worth close to $12 million, comprising 1.2% of its total 13F portfolio. Sitting at the No. 2 spot is Brian Taylor of Pine River Capital Management, with a $9 million position; the fund has 0.2% of its 13F portfolio invested in the stock. Other peers that are bullish include Brian Ashford-Russell and Tim Woolley’s Polar Capital, Phill Gross and Robert Atchinson’s Adage Capital Management and Richard Driehaus’s Driehaus Capital.
With a general bullishness amongst the heavyweights, key money managers were breaking ground themselves. Pine River Capital Management, managed by Brian Taylor, initiated the largest position in Acadia Healthcare Company Inc (NASDAQ:ACHC). Pine River Capital Management had 9 million invested in the company at the end of the quarter. SAC Subsidiary’s CR Intrinsic Investors also made a $5 million investment in the stock during the quarter. The other investors with new positions in the stock are Anand Parekh’s Alyeska Investment Group, Drew Cupps’s Cupps Capital Management, and Xerion.
How have insiders been trading Acadia Healthcare Company Inc (NASDAQ:ACHC)?
Bullish insider trading is most useful when the company we’re looking at has seen transactions within the past 180 days. Over the last six-month time period, Acadia Healthcare Company Inc (NASDAQ:ACHC) has seen 1 unique insiders purchasing, and 16 insider sales (see the details of insider trades here).
With the returns exhibited by the aforementioned time-tested strategies, retail investors should always watch hedge fund and insider trading activity, and Acadia Healthcare Company Inc (NASDAQ:ACHC) shareholders fit into this picture quite nicely.
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