UBS AG Upgrades AAC Holdings, Inc. (NYSE:AAC) to “Outperform”

AAC Holdings, Inc. (NYSE:AAC) was upgraded by research analysts at UBS AG from a “market perform” rating to an “outperform” rating in a research report issued on Friday, November 3rd, The Fly reports.

AAC has been the topic of a number of other reports. Zacks Investment Research raised shares of AAC Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Cantor Fitzgerald reiterated a “buy” rating and set a $14.00 price target on shares of AAC Holdings in a research report on Wednesday, November 1st. One investment 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. AAC Holdings has a consensus rating of “Hold” and an average target price of $10.00.

AAC Holdings (NYSE AAC) opened at $11.28 on Friday. AAC Holdings has a 1-year low of $5.99 and a 1-year high of $13.06. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.81 and a current ratio of 3.28. The firm has a market cap of $270.70, a price-to-earnings ratio of 17.35 and a beta of 1.87.

AAC Holdings (NYSE:AAC) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.07. AAC Holdings had a negative net margin of 0.42% and a positive return on equity of 9.64%. The business had revenue of $80.42 million for the quarter, compared to the consensus estimate of $74.49 million. During the same period in the prior year, the firm earned $0.19 earnings per share. The company’s revenue was up 14.0% compared to the same quarter last year. equities analysts forecast that AAC Holdings will post 0.55 EPS for the current year.

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In other news, major shareholder Jerrod N. Menz sold 700,000 shares of AAC Holdings stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $10.22, for a total value of $7,154,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 37.30% of the company’s stock.

Large investors have recently modified their holdings of the business. California State Teachers Retirement System grew its stake in shares of AAC Holdings by 1.5% during the 2nd quarter. California State Teachers Retirement System now owns 20,291 shares of the company’s stock valued at $141,000 after purchasing an additional 300 shares during the period. Alliancebernstein L.P. grew its stake in shares of AAC Holdings by 3.8% during the 2nd quarter. Alliancebernstein L.P. now owns 20,600 shares of the company’s stock valued at $143,000 after acquiring an additional 760 shares during the period. Woodmont Investment Counsel LLC grew its stake in shares of AAC Holdings by 10.0% during the 2nd quarter. Woodmont Investment Counsel LLC now owns 45,226 shares of the company’s stock valued at $313,000 after acquiring an additional 4,130 shares during the period. Northern Trust Corp grew its stake in shares of AAC Holdings by 4.6% during the 2nd quarter. Northern Trust Corp now owns 128,741 shares of the company’s stock valued at $893,000 after acquiring an additional 5,709 shares during the period. Finally, Rhumbline Advisers lifted its holdings in AAC Holdings by 38.5% in the 2nd quarter. Rhumbline Advisers now owns 21,719 shares of the company’s stock worth $151,000 after purchasing an additional 6,040 shares in the last quarter. 63.92% of the stock is 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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