DF Dent & Co. Inc. Acquires 90 Shares of AAC Holdings, Inc. (AAC)

DF Dent & Co. Inc. lifted its holdings in shares of AAC Holdings, Inc. (NYSE:AAC) by 0.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,050,597 shares of the company’s stock after buying an additional 90 shares during the period. DF Dent & Co. Inc. owned approximately 4.37% of AAC Holdings worth $7,281,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AAC. Nationwide Fund Advisors boosted its stake in shares of AAC Holdings by 168.0% during 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 period. Royce & Associates LP acquired a new stake in AAC Holdings in the first quarter valued at about $1,616,000. MARSHALL WACE ASIA Ltd acquired a new stake in AAC Holdings in the first quarter valued at about $156,000. Marshall Wace North America L.P. acquired a new stake in AAC Holdings in the first quarter valued at about $156,000. Finally, Citadel Advisors LLC acquired a new stake in AAC Holdings in the first quarter valued at about $145,000. Institutional investors and hedge funds own 64.03% of the company’s stock.

Shares of AAC Holdings, Inc. (NYSE:AAC) traded down 0.12% during midday trading on Tuesday, reaching $8.36. 65,129 shares of the company were exchanged. The stock’s market capitalization is $201.14 million. The company’s 50-day moving average price is $9.97 and its 200 day moving average price is $7.94. AAC Holdings, Inc. has a 52-week low of $5.99 and a 52-week high of $19.98.

AAC Holdings (NYSE:AAC) last posted its earnings results on Wednesday, August 2nd. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.14 by $0.12. AAC Holdings had a negative net margin of 1.55% and a positive return on equity of 10.70%. The firm had revenue of $78.04 million during the quarter, compared to analysts’ expectations of $73.40 million. During the same quarter in the prior year, the firm earned $0.18 EPS. AAC Holdings’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts predict that AAC Holdings, Inc. will post $0.51 earnings per share for the current year.

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A number of equities research analysts recently commented on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $14.00 price objective (up previously from $11.00) on shares of AAC Holdings in a research report on Wednesday, September 13th. Zacks Investment Research downgraded shares of AAC Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. 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 currently has a consensus rating of “Hold” and an average price target of $10.00.

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.

Institutional Ownership by Quarter for AAC Holdings (NYSE:AAC)

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