AAC Holdings Inc (AAC) Upgraded at Zacks Investment Research

AAC Holdings Inc (NYSE:AAC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday, April 14th.

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. “

Shares of AAC Holdings (NYSE:AAC) traded up 4.649% during trading on Friday, hitting $6.865. The stock had a trading volume of 81,053 shares. AAC Holdings has a one year low of $6.01 and a one year high of $24.38. The firm’s market cap is $165.25 million. The firm’s 50-day moving average is $7.62 and its 200-day moving average is $8.22.

AAC Holdings (NYSE:AAC) last posted its earnings results on Thursday, May 4th. The company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.07. The company had revenue of $73.04 million for the quarter, compared to analyst estimates of $71.06 million. AAC Holdings had a negative net margin of 0.23% and a positive return on equity of 11.33%. Equities research analysts forecast that AAC Holdings will post $0.53 EPS for the current year.

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A number of large investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in AAC Holdings by 3.2% in the first quarter. Geode Capital Management LLC now owns 69,346 shares of the company’s stock valued at $591,000 after buying an additional 2,130 shares during the period. Teachers Advisors LLC raised its stake in shares of AAC Holdings by 17.8% in the first quarter. Teachers Advisors LLC now owns 23,119 shares of the company’s stock worth $197,000 after buying an additional 3,498 shares during the last quarter. Marshall Wace LLP raised its stake in shares of AAC Holdings by 26.9% in the fourth quarter. Marshall Wace LLP now owns 35,133 shares of the company’s stock worth $254,000 after buying an additional 7,443 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of AAC Holdings by 168.0% in the first quarter. Nationwide Fund Advisors now owns 15,903 shares of the company’s stock worth $136,000 after buying an additional 9,968 shares during the last quarter. Finally, Lombardia Capital Partners LLC raised its stake in shares of AAC Holdings by 39.7% in the third quarter. Lombardia Capital Partners LLC now owns 37,450 shares of the company’s stock worth $651,000 after buying an additional 10,639 shares during the last quarter. Institutional investors own 44.14% of the company’s stock.

AAC Holdings Company Profile

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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