AAC Holdings, Inc. (NYSE:AAC) was upgraded by research analysts at Raymond James Financial, Inc. from a “mkt perform” rating to an “outperform” rating in a note issued to investors on Friday.
Several other analysts have also recently commented on AAC. Cantor Fitzgerald restated a “buy” rating and issued a $14.00 price target on shares of AAC Holdings in a report on Wednesday. Zacks Investment Research upgraded AAC Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, UBS AG upgraded AAC Holdings from a “market perform” rating to an “outperform” rating in a report on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $10.00.
AAC Holdings (AAC) traded up $0.06 on Friday, reaching $10.08. The company’s stock had a trading volume of 369,194 shares, compared to its average volume of 147,886. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.81 and a current ratio of 2.81. The company has a market cap of $242.53, a PE ratio of 15.51 and a beta of 1.87.
AAC Holdings (NYSE:AAC) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.05 by $0.07. The company had revenue of $80.42 million during the quarter, compared to analysts’ expectations of $74.49 million. AAC Holdings had a positive return on equity of 9.66% and a negative net margin of 0.42%. The firm’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 EPS. equities analysts predict that AAC Holdings will post 0.56 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA acquired a new position in shares of AAC Holdings in the 2nd quarter valued at about $31,241,000. Mondrian Investment Partners LTD lifted its stake in shares of AAC Holdings by 21.3% in the 2nd quarter. Mondrian Investment Partners LTD now owns 482,965 shares of the company’s stock valued at $3,347,000 after purchasing an additional 84,905 shares in the last quarter. State Street Corp lifted its stake in shares of AAC Holdings by 7.4% in the 2nd quarter. State Street Corp now owns 164,658 shares of the company’s stock valued at $1,139,000 after purchasing an additional 11,338 shares in the last quarter. Northern Trust Corp lifted its stake in shares of AAC Holdings by 4.6% in the 2nd quarter. Northern Trust Corp now owns 128,741 shares of the company’s stock valued at $893,000 after purchasing an additional 5,709 shares in the last quarter. Finally, Woodmont Investment Counsel LLC lifted 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 acquiring an additional 4,130 shares in the last quarter. 63.96% of the stock is currently owned by institutional investors and hedge funds.
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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