Goldman Sachs Group Inc. Buys Shares of 25,381 AAC Holdings, Inc. (AAC)
Goldman Sachs Group Inc. bought a new position in AAC Holdings, Inc. (NYSE:AAC) during the first quarter, according to its most recent 13F filing with the SEC. The firm bought 25,381 shares of the company’s stock, valued at approximately $216,000. Goldman Sachs Group Inc. owned approximately 0.11% of AAC Holdings as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in AAC. Citadel Advisors LLC bought a new position in AAC Holdings during the first quarter worth $145,000. Marshall Wace North America L.P. bought a new position in AAC Holdings during the first quarter worth $156,000. MARSHALL WACE ASIA Ltd bought a new position in AAC Holdings during the first quarter worth $156,000. Stephens Investment Management Group LLC increased its position in AAC Holdings by 7.7% in the first quarter. Stephens Investment Management Group LLC now owns 1,145,317 shares of the company’s stock worth $9,770,000 after buying an additional 81,492 shares in the last quarter. Finally, Royce & Associates LP bought a new position in AAC Holdings during the first quarter worth $1,616,000. Hedge funds and other institutional investors own 64.31% of the company’s stock.
AAC Holdings, Inc. (NYSE:AAC) traded down 2.19% during trading on Tuesday, reaching $8.94. 14,934 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $7.54 and its 200-day moving average price is $7.56. AAC Holdings, Inc. has a 52 week low of $5.99 and a 52 week high of $20.33. The stock’s market capitalization is $215.10 million.
AAC Holdings (NYSE:AAC) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.12. The company had revenue of $78.04 million during the quarter, compared to analysts’ expectations of $73.40 million. AAC Holdings had a negative net margin of 1.55% and a positive return on equity of 10.70%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the business earned $0.18 EPS. On average, equities analysts expect that AAC Holdings, Inc. will post $0.54 EPS for the current year.
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A number of research firms have weighed in on AAC. 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 began coverage on shares of AAC Holdings in a research note on Wednesday, August 9th. They set an “overweight” rating and a $11.00 price target on the stock. Finally, Mizuho cut their price target on shares of AAC Holdings from $9.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 30th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $8.50.
About AAC Holdings
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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