Spark Investment Management LLC acquired a new stake in AAC Holdings Inc (NYSE:AAC) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 31,923 shares of the company’s stock, valued at approximately $287,000. Spark Investment Management LLC owned about 0.13% of AAC at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. bought a new position in shares of AAC during the fourth quarter valued at about $114,000. California State Teachers Retirement System increased its stake in shares of AAC by 1.5% in the second 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 in the last quarter. Alliancebernstein L.P. increased its stake in shares of AAC by 3.8% in the second quarter. Alliancebernstein L.P. now owns 20,600 shares of the company’s stock worth $143,000 after purchasing an additional 760 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of AAC in the third quarter worth about $190,000. Finally, Nationwide Fund Advisors increased its stake in shares of AAC by 116.4% in the second quarter. Nationwide Fund Advisors now owns 34,414 shares of the company’s stock worth $238,000 after purchasing an additional 18,511 shares in the last quarter. Institutional investors own 64.27% of the company’s stock.
Shares of AAC Holdings Inc (NYSE AAC) traded up $0.10 during trading hours on Wednesday, hitting $12.04. 192,238 shares of the stock traded hands, compared to its average volume of 174,089. The company has a market cap of $293.22, a PE ratio of -13.57 and a beta of 1.62. AAC Holdings Inc has a 52-week low of $5.99 and a 52-week high of $13.06. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.62.
AAC (NYSE:AAC) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.06. AAC had a negative net margin of 6.48% and a positive return on equity of 9.25%. The business had revenue of $86.10 million during the quarter, compared to analyst estimates of $72.82 million. During the same period last year, the firm posted $0.15 EPS. The company’s revenue was up 19.0% on a year-over-year basis. equities analysts forecast that AAC Holdings Inc will post 0.76 earnings per share for the current year.
In other AAC news, Director Michael J. Blackburn sold 15,000 shares of AAC stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $12.00, for a total value of $180,000.00. Following the transaction, the director now owns 26,254 shares in the company, valued at $315,048. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David C. Kloeppel sold 10,000 shares of AAC stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $9.50, for a total value of $95,000.00. Following the completion of the transaction, the director now owns 202,580 shares in the company, valued at approximately $1,924,510. The disclosure for this sale can be found here. 33.99% of the stock is owned by company insiders.
AAC has been the subject of several recent analyst reports. Zacks Investment Research cut shares of AAC from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Cantor Fitzgerald restated a “buy” rating and issued a $14.00 price objective on shares of AAC in a report on Thursday, November 16th. TheStreet lowered shares of AAC from a “c-” rating to a “d+” rating in a report on Thursday, February 22nd. Finally, ValuEngine raised shares of AAC from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. AAC has a consensus rating of “Buy” and a consensus target price of $11.33.
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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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