Zacks Investment Research cut shares of AAC Holdings, Inc. (NYSE:AAC) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

According to Zacks, “AAC Holdings, Inc. is a provider of inpatient substance abuse treatment services for individuals with drug and alcohol addiction. It provides detoxification, residential treatment, partial hospitalization, and intensive outpatient care services. AAC Holdings, Inc. is headquartered in Brentwood, Tennessee. “

Separately, Cantor Fitzgerald reaffirmed an overweight rating and set a $14.00 target price (up from $11.00) on shares of AAC Holdings in a research report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of $10.00.

Shares of AAC Holdings (NYSE:AAC) opened at 9.59 on Tuesday. AAC Holdings has a 52 week low of $5.99 and a 52 week high of $19.98. The company’s 50 day moving average price is $9.98 and its 200-day moving average price is $7.93. The firm’s market capitalization is $230.74 million.

AAC Holdings (NYSE:AAC) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.12. AAC Holdings had a positive return on equity of 10.70% and a negative net margin of 1.55%. The company had revenue of $78.04 million for the quarter, compared to the consensus estimate of $73.40 million. During the same quarter last year, the business posted $0.18 EPS. AAC Holdings’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities research analysts expect that AAC Holdings will post $0.51 EPS for the current fiscal year.

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A number of large investors have recently made changes to their positions in the stock. California State Teachers Retirement System raised its position in AAC Holdings by 1.5% during the 2nd quarter. California State Teachers Retirement System now owns 20,291 shares of the company’s stock worth $141,000 after purchasing an additional 300 shares during the last quarter. State Street Corp raised its position in AAC Holdings by 7.4% during the 2nd quarter. State Street Corp now owns 164,658 shares of the company’s stock worth $1,139,000 after purchasing an additional 11,338 shares during the last quarter. San Francisco Sentry Investment Group CA bought a new position in AAC Holdings during the 2nd quarter worth $31,241,000. Woodmont Investment Counsel LLC raised its position in AAC Holdings by 10.0% during the 2nd quarter. Woodmont Investment Counsel LLC now owns 45,226 shares of the company’s stock worth $313,000 after purchasing an additional 4,130 shares during the last quarter. Finally, Northern Trust Corp raised its position in AAC Holdings by 4.6% during the 2nd quarter. Northern Trust Corp now owns 128,741 shares of the company’s stock worth $893,000 after purchasing an additional 5,709 shares during the last quarter. 64.03% of the stock is owned by institutional investors and hedge funds.

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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