AAC Holdings Inc (NYSE:AAC) has received an average rating of “Hold” from the six research firms that are presently covering the company, Marketbeat reports. One equities research 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. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $14.00.

Several research analysts have recently weighed in on the company. Zacks Investment Research cut AAC from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. ValuEngine cut AAC from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 30th.

Shares of AAC stock traded up $0.02 during mid-day trading on Friday, hitting $6.92. The company’s stock had a trading volume of 168,469 shares, compared to its average volume of 168,581. AAC has a 52-week low of $6.72 and a 52-week high of $12.96. The company has a debt-to-equity ratio of 2.34, a current ratio of 2.59 and a quick ratio of 2.59. The stock has a market capitalization of $187.67 million, a P/E ratio of 11.53 and a beta of 1.30.

AAC (NYSE:AAC) last posted its quarterly earnings results on Wednesday, August 1st. The company reported $0.09 earnings per share 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 analysts’ expectations of $82.81 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, analysts anticipate that AAC will post 0.75 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its position in AAC by 234.9% during the first quarter. The Manufacturers Life Insurance Company now owns 10,724 shares of the company’s stock valued at $123,000 after acquiring an additional 7,522 shares during the last quarter. Hancock Holding Co. purchased a new stake in AAC during the first quarter valued at $311,000. Dimensional Fund Advisors LP increased its position in AAC by 59.5% during the first quarter. Dimensional Fund Advisors LP now owns 51,884 shares of the company’s stock valued at $596,000 after acquiring an additional 19,359 shares during the last quarter. JPMorgan Chase & Co. increased its position in AAC by 189.9% during the first quarter. JPMorgan Chase & Co. now owns 61,616 shares of the company’s stock valued at $707,000 after acquiring an additional 40,360 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in AAC by 128.1% during the second quarter. Acadian Asset Management LLC now owns 64,270 shares of the company’s stock valued at $602,000 after acquiring an additional 36,090 shares during the last quarter. Institutional investors own 62.21% of the company’s stock.

About AAC

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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