Shares of AAC Holdings, Inc. (NYSE:AAC) have been given an average recommendation of “Buy” by the seven ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $11.33.
A number of equities research analysts have commented on AAC shares. Cantor Fitzgerald reissued a “buy” rating and set a $14.00 price objective on shares of AAC in a report on Wednesday, May 2nd. Zacks Investment Research raised shares of AAC from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Tuesday, March 13th. ValuEngine raised shares of AAC from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Finally, TheStreet lowered shares of AAC from a “c-” rating to a “d+” rating in a report on Thursday, February 22nd.
Shares of AAC opened at $11.99 on Wednesday, Marketbeat.com reports. The stock has a market cap of $273.63 million, a P/E ratio of 19.98 and a beta of 1.36. 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 has a 12-month low of $11.74 and a 12-month high of $12.30.
AAC (NYSE:AAC) last issued its quarterly earnings data on Wednesday, May 2nd. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. AAC had a negative net margin of 6.25% and a positive return on equity of 9.62%. The firm had revenue of $78.50 million for the quarter, compared to analyst estimates of $75.92 million. During the same quarter in the prior year, the firm earned $0.12 EPS. The company’s revenue was up 7.5% on a year-over-year basis. equities research analysts forecast that AAC will post 0.79 EPS for the current fiscal year.
In related news, Director W Larry Cash acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, March 6th. The shares were purchased at an average price of $9.92 per share, with a total value of $49,600.00. Following the acquisition, the director now directly owns 30,000 shares in the company, valued at $297,600. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael J. Blackburn sold 15,000 shares of the stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $12.00, for a total transaction of $180,000.00. Following the sale, the director now directly owns 26,254 shares in the company, valued at approximately $315,048. The disclosure for this sale can be found here. In the last three months, insiders have sold 125,000 shares of company stock worth $1,480,700. Insiders own 37.30% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of AAC. San Francisco Sentry Investment Group CA bought a new position in shares of AAC in the 4th quarter valued at about $34,235,000. Millennium Management LLC boosted its stake in shares of AAC by 541.1% in the 4th quarter. Millennium Management LLC now owns 279,104 shares of the company’s stock valued at $2,512,000 after purchasing an additional 235,568 shares during the last quarter. Employees Retirement System of Texas bought a new position in shares of AAC in the 4th quarter valued at about $1,170,000. Mondrian Investment Partners LTD boosted its stake in shares of AAC by 16.5% in the 4th quarter. Mondrian Investment Partners LTD now owns 438,655 shares of the company’s stock valued at $3,948,000 after purchasing an additional 62,026 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. bought a new position in shares of AAC in the 3rd quarter valued at about $456,000. 64.41% of the stock is currently owned by institutional investors.
AAC Holdings, Inc provides inpatient and outpatient substance use treatment services for individuals with drug addiction, alcohol addiction, and co-occurring mental/behavioral health issues in the United States. Its therapy services include motivational interviewing, cognitive behavioral therapy, rational emotive behavior therapy, dialectical behavioral therapy, solution-focused therapy, eye movement desensitization and reprocessing, and systematic family intervention.
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