AAC Holdings, Inc. (AAC) Earns “Buy” Rating from Cantor Fitzgerald
Cantor Fitzgerald reaffirmed their buy rating on shares of AAC Holdings, Inc. (NYSE:AAC) in a research note released on Wednesday. Cantor Fitzgerald currently has a $14.00 price objective on the stock.
“AAC’s 3Q17 results were significantly better than expected, although the Bloomberg consensus includes only three estimates and the full year outlook is unchanged.”,” the firm’s analyst wrote.
Separately, Zacks Investment Research cut shares of AAC Holdings from a hold rating to a sell rating in a report on Monday, July 10th. One 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’s stock. The company has an average rating of Hold and a consensus target price of $10.00.
Shares of AAC Holdings (AAC) opened at $10.08 on Wednesday. The stock has a market capitalization of $241.09 million, a PE ratio of 15.41 and a beta of 1.87. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.81 and a current ratio of 2.81.
AAC Holdings (NYSE:AAC) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. The firm had revenue of $80.42 million during the quarter, compared to analysts’ expectations of $74.49 million. AAC Holdings had a negative net margin of 0.42% and a positive return on equity of 9.66%. The business’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the company earned $0.19 earnings per share. equities research analysts expect that AAC Holdings will post 0.56 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AAC. Nationwide Fund Advisors lifted its position in shares of AAC Holdings by 168.0% during the first quarter. Nationwide Fund Advisors now owns 15,903 shares of the company’s stock valued at $136,000 after purchasing an additional 9,968 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of AAC Holdings by 1.5% during the second 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 in the last quarter. Alliancebernstein L.P. lifted its position in shares of AAC Holdings by 3.8% during the second quarter. Alliancebernstein L.P. now owns 20,600 shares of the company’s stock valued at $143,000 after purchasing an additional 760 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of AAC Holdings during the first quarter valued at about $145,000. Finally, Rhumbline Advisers lifted its position in shares of AAC Holdings by 38.5% during the second quarter. Rhumbline Advisers now owns 21,719 shares of the company’s stock valued at $151,000 after purchasing an additional 6,040 shares in the last quarter. 63.96% of the stock is currently owned by institutional investors.
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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