Northern Trust Corp trimmed its holdings in AAC Holdings Inc (NYSE:AAC) by 15.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 142,783 shares of the company’s stock after selling 25,564 shares during the quarter. Northern Trust Corp owned 0.60% of AAC worth $1,639,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of AAC. Raymond James Financial Services Advisors Inc. acquired a new stake in AAC in the 4th quarter valued at about $114,000. Deutsche Bank AG lifted its holdings in AAC by 154.1% in the 4th quarter. Deutsche Bank AG now owns 27,049 shares of the company’s stock valued at $243,000 after acquiring an additional 16,404 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in AAC in the 1st quarter valued at about $247,000. Monarch Partners Asset Management LLC acquired a new stake in AAC in the 1st quarter valued at about $250,000. Finally, Wells Fargo & Company MN lifted its holdings in AAC by 214.6% in the 4th quarter. Wells Fargo & Company MN now owns 34,979 shares of the company’s stock valued at $314,000 after acquiring an additional 23,862 shares during the last quarter. 62.17% of the stock is owned by institutional investors.

AAC stock opened at $9.55 on Friday. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 2.28. AAC Holdings Inc has a one year low of $5.99 and a one year high of $13.06. The stock has a market cap of $234.92 million, a price-to-earnings ratio of 15.66 and a beta of 1.34.

AAC (NYSE:AAC) last posted its quarterly earnings data on Wednesday, May 2nd. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. AAC had a negative net margin of 6.25% and a positive return on equity of 9.76%. The company had revenue of $78.50 million during the quarter, compared to analyst estimates of $75.92 million. During the same period in the prior year, the firm earned $0.12 earnings per share. The business’s quarterly revenue was up 7.5% on a year-over-year basis. sell-side analysts predict that AAC Holdings Inc will post 0.79 EPS for the current year.

In other AAC news, Chairman Michael T. Cartwright sold 100,000 shares of the company’s stock in a transaction dated Thursday, May 24th. The shares were sold at an average price of $11.78, for a total transaction of $1,178,000.00. Following the completion of the sale, the chairman now directly owns 2,719,099 shares of the company’s stock, valued at $32,030,986.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael T. Cartwright sold 61,000 shares of the company’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $11.95, for a total transaction of $728,950.00. Following the sale, the chief executive officer now directly owns 2,719,099 shares of the company’s stock, valued at $32,493,233.05. The disclosure for this sale can be found here. 37.30% of the stock is currently owned by corporate insiders.

A number of brokerages have weighed in on AAC. Zacks Investment Research downgraded shares of AAC from a “buy” rating to a “hold” rating in a report on Tuesday, July 3rd. Cantor Fitzgerald reissued a “buy” rating and issued a $14.00 price target on shares of AAC in a report on Wednesday, May 2nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $14.00.

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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Institutional Ownership by Quarter for AAC (NYSE:AAC)

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