Acadia Healthcare Rockets 12% as Activist Investor Drops the Gauntlet

Key Takeaways Activist play: Engine Capital urges board changes, leaner ops, and buybacks.Deep discount: ACHC trades at 8.87X forward P/E, far below peers.Risks remain: Regulatory probes and past missteps still weigh on the stock.Acadia Healthcare Company, Inc. (ACHC) shares surged 11.7% yesterday after activist investor Engine Capital revealed a 3% stake and laid out an aggressive playbook for change. From pushing for new board members and calling for asset sales to fund buybacks, to questioning the “growt ...