AAC Holdings Inc (AAC) Receives $19.00 Average Price Target from Analysts
AAC Holdings Inc (NYSE:AAC) has been given an average recommendation of “Hold” by the five ratings firms that are currently covering the firm. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $19.00.
Separately, Zacks Investment Research upgraded shares of AAC Holdings from a “sell” rating to a “hold” rating in a report on Friday, April 14th.
Shares of AAC Holdings (NYSE:AAC) traded down 2.25% during midday trading on Friday, hitting $7.39. 85,861 shares of the company’s stock traded hands. The company has a 50 day moving average price of $8.37 and a 200 day moving average price of $9.66. AAC Holdings has a 1-year low of $6.01 and a 1-year high of $24.38. The firm’s market capitalization is $175.07 million.
AAC Holdings (NYSE:AAC) last released its quarterly earnings results on Monday, February 27th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.01. AAC Holdings had a positive return on equity of 11.33% and a negative net margin of 0.23%. The firm had revenue of $72.40 million for the quarter, compared to the consensus estimate of $70.54 million. During the same quarter in the previous year, the business posted $0.17 EPS. The firm’s revenue for the quarter was up 24.2% compared to the same quarter last year. Equities analysts anticipate that AAC Holdings will post $0.53 earnings per share for the current year.
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Hedge funds have recently added to or reduced their stakes in the stock. DF Dent & Co. Inc. increased its stake in shares of AAC Holdings by 8.1% in the third quarter. DF Dent & Co. Inc. now owns 1,144,082 shares of the company’s stock valued at $19,896,000 after buying an additional 85,384 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in shares of AAC Holdings by 16.7% in the third quarter. Stephens Investment Management Group LLC now owns 989,640 shares of the company’s stock valued at $17,210,000 after buying an additional 141,655 shares in the last quarter. Altrinsic Global Advisors LLC increased its stake in shares of AAC Holdings by 5.9% in the third quarter. Altrinsic Global Advisors LLC now owns 534,370 shares of the company’s stock valued at $9,293,000 after buying an additional 30,000 shares in the last quarter. State Street Corp increased its stake in shares of AAC Holdings by 16.5% in the fourth quarter. State Street Corp now owns 146,377 shares of the company’s stock valued at $1,060,000 after buying an additional 20,779 shares in the last quarter. Finally, Mondrian Investment Partners LTD increased its stake in shares of AAC Holdings by 30.3% in the third quarter. Mondrian Investment Partners LTD now owns 136,036 shares of the company’s stock valued at $2,366,000 after buying an additional 31,629 shares in the last quarter. Institutional investors own 44.14% of the company’s stock.
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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