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. “
Several other research firms also recently weighed in on AAC. Mizuho reiterated a buy rating and set a $26.00 target price (up from $24.00) on shares of AAC Holdings in a research report on Monday, July 18th. Citigroup Inc. upgraded AAC Holdings from an outperform rating to a strong-buy rating and increased their target price for the stock from $27.00 to $29.00 in a research report on Monday, August 15th. They noted that the move was a valuation call. Finally, Raymond James Financial Inc. upgraded AAC Holdings from an outperform rating to a strong-buy rating and set a $29.00 target price on the stock in a research report on Monday, August 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $27.50.
AAC Holdings (NYSE:AAC) opened at 17.37 on Wednesday. AAC Holdings has a 52 week low of $14.36 and a 52 week high of $28.72. The stock has a 50 day moving average price of $18.09 and a 200 day moving average price of $19.89. The stock has a market cap of $411.69 million, a PE ratio of 95.44 and a beta of 2.71.
AAC Holdings (NYSE:AAC) last released its earnings results on Thursday, August 4th. The company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.05. AAC Holdings had a return on equity of 12.40% and a net margin of 1.73%. The business had revenue of $71.50 million for the quarter, compared to analysts’ expectations of $67.42 million. During the same quarter last year, the company posted $0.26 earnings per share. The business’s quarterly revenue was up 32.9% compared to the same quarter last year. On average, equities analysts predict that AAC Holdings will post $0.86 earnings per share for the current year.
In related news, Director Darrell S. Freeman bought 2,500 shares of the stock in a transaction dated Friday, August 12th. The stock was acquired at an average price of $17.45 per share, for a total transaction of $43,625.00. Following the completion of the purchase, the director now owns 113,660 shares in the company, valued at $1,983,367. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Jerrod N. Menz sold 8,125 shares of the stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $23.01, for a total value of $186,956.25. Following the completion of the sale, the insider now owns 2,486,367 shares of the company’s stock, valued at approximately $57,211,304.67. The disclosure for this sale can be found here. 37.30% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of AAC. BlackRock Advisors LLC raised its stake in AAC Holdings by 14.7% in the second quarter. BlackRock Advisors LLC now owns 4,500 shares of the company’s stock worth $103,000 after buying an additional 577 shares during the period. American International Group Inc. raised its stake in AAC Holdings by 10.6% in the second quarter. American International Group Inc. now owns 5,708 shares of the company’s stock worth $130,000 after buying an additional 546 shares during the period. Nationwide Fund Advisors raised its stake in AAC Holdings by 15.2% in the second quarter. Nationwide Fund Advisors now owns 5,935 shares of the company’s stock worth $135,000 after buying an additional 784 shares during the period. Metropolitan Life Insurance Co. NY bought a new stake in AAC Holdings during the first quarter worth about $138,000. Finally, Rhumbline Advisers bought a new stake in AAC Holdings during the second quarter worth about $210,000. Institutional investors and hedge funds own 51.39% of the company’s stock.
AAC Holdings Company Profile
AAC Holdings, Inc is a provider of inpatient substance abuse treatment services for individuals with drug and alcohol addiction. The Company operates through substance abuse/behavioral healthcare treatment services segment. The Company operates approximately nine residential substance abuse treatment facilities located throughout the United States, focused on delivering clinical care and treatment solutions across approximately 900 beds, which includes approximately 480 licensed detoxification beds.
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