Shares of AAC Holdings Inc (NYSE:AAC) have been assigned a consensus rating of “Hold” from the five research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $13.00.
Several analysts have recently weighed in on the company. Zacks Investment Research upgraded AAC from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a report on Wednesday, October 3rd. Raymond James cut their price objective on AAC from $14.00 to $12.00 and set an “outperform” rating for the company in a report on Tuesday, October 16th. Finally, ValuEngine lowered AAC from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th.
Institutional investors have recently made changes to their positions in the company. Mondrian Investment Partners LTD lifted its holdings in shares of AAC by 22.0% in the third quarter. Mondrian Investment Partners LTD now owns 525,786 shares of the company’s stock valued at $4,012,000 after buying an additional 94,649 shares during the period. Bank of America Corp DE lifted its holdings in shares of AAC by 2.2% during the second quarter. Bank of America Corp DE now owns 332,301 shares of the company’s stock valued at $3,113,000 after purchasing an additional 7,107 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of AAC by 42.3% during the second quarter. Renaissance Technologies LLC now owns 180,680 shares of the company’s stock valued at $1,693,000 after purchasing an additional 53,680 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of AAC by 124.8% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 80,775 shares of the company’s stock valued at $757,000 after purchasing an additional 44,850 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of AAC by 43.1% during the first quarter. Millennium Management LLC now owns 399,477 shares of the company’s stock valued at $4,586,000 after purchasing an additional 120,373 shares during the last quarter. Institutional investors and hedge funds own 61.96% of the company’s stock.
Shares of NYSE:AAC traded down $0.41 on Wednesday, hitting $5.34. The company’s stock had a trading volume of 5,494 shares, compared to its average volume of 229,428. AAC has a 12 month low of $4.91 and a 12 month high of $12.96. The stock has a market cap of $141.43 million, a price-to-earnings ratio of 9.03 and a beta of 1.60. The company has a debt-to-equity ratio of 2.34, a quick ratio of 2.59 and a current ratio of 2.59.
AAC (NYSE:AAC) last released its quarterly earnings results on Wednesday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.09). AAC had a positive return on equity of 7.32% and a negative net margin of 6.41%. The business had revenue of $86.76 million during the quarter, compared to the consensus estimate of $82.81 million. During the same period in the previous year, the company posted $0.26 EPS. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, equities research analysts predict that AAC will post 0.72 EPS for the current year.
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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