AAC Holdings Inc. (AAC) Receives Consensus Recommendation of “Hold” from Brokerages
AAC Holdings Inc. (NYSE:AAC) has been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $19.00.
A number of research analysts recently issued reports on AAC shares. Citigroup Inc. upgraded shares of AAC Holdings from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $27.00 to $29.00 in a report on Monday, August 15th. They noted that the move was a valuation call. Mizuho lowered shares of AAC Holdings from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $26.00 to $14.00 in a report on Thursday, November 3rd. Zacks Investment Research lowered shares of AAC Holdings from a “hold” rating to a “sell” rating in a report on Monday, November 7th. Finally, Raymond James Financial Inc. lowered shares of AAC Holdings from a “strong-buy” rating to a “market perform” rating in a report on Thursday, November 3rd.
Shares of AAC Holdings (NYSE:AAC) traded up 3.24% on Friday, reaching $9.57. 32,055 shares of the company’s stock were exchanged. The stock’s market cap is $226.88 million. AAC Holdings has a 52-week low of $6.01 and a 52-week high of $25.00. The company’s 50 day moving average price is $13.53 and its 200-day moving average price is $18.37.
AAC Holdings (NYSE:AAC) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by $0.04. The business earned $70.50 million during the quarter, compared to the consensus estimate of $73.28 million. AAC Holdings had a negative net margin of 0.23% and a positive return on equity of 11.33%. The firm’s quarterly revenue was up 22.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 EPS. Equities analysts forecast that AAC Holdings will post $0.72 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in AAC. DF Dent & Co. Inc. increased its stake in AAC Holdings by 8.1% in the third quarter. DF Dent & Co. Inc. now owns 1,144,082 shares of the company’s stock worth $19,896,000 after buying an additional 85,384 shares in the last quarter. Cortina Asset Management LLC increased its stake in AAC Holdings by 0.9% in the second quarter. Cortina Asset Management LLC now owns 1,022,539 shares of the company’s stock worth $23,334,000 after buying an additional 9,510 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in AAC Holdings by 16.7% in the third quarter. Stephens Investment Management Group LLC now owns 989,640 shares of the company’s stock worth $17,210,000 after buying an additional 141,655 shares in the last quarter. Altrinsic Global Advisors LLC increased its stake in AAC Holdings by 5.9% in the third quarter. Altrinsic Global Advisors LLC now owns 534,370 shares of the company’s stock worth $9,293,000 after buying an additional 30,000 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in AAC Holdings by 11.2% in the second quarter. Vanguard Group Inc. now owns 356,003 shares of the company’s stock worth $8,123,000 after buying an additional 35,794 shares in the last quarter. 52.25% of the stock is owned by institutional investors and hedge funds.
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About AAC Holdings
AAC Holdings, Inc is a provider of inpatient and outpatient substance abuse treatment services for individuals with drug and alcohol addiction. The Company performs drug testing and diagnostics laboratory services and provides physician services to its clients. As of June 30, 2016, the Company operated 12 residential substance abuse treatment facilities located throughout the United States, focused on delivering clinical care and treatment solutions across 1,139 beds, which includes 636 licensed detoxification beds, and 18 standalone outpatient centers.
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