AAC Holdings, Inc. (AAC) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research lowered shares of AAC Holdings, Inc. (NYSE:AAC) from a hold rating to a sell rating in a report released on Monday morning.

According to Zacks, “AAC Holdings, Inc. is a provider of inpatient substance abuse treatment services for individuals with drug and alcohol addiction. It provides detoxification, residential treatment, partial hospitalization, and intensive outpatient care services. AAC Holdings, Inc. is headquartered in Brentwood, Tennessee. “

Separately, Cantor Fitzgerald reissued a buy rating and set a $14.00 target price on shares of AAC Holdings in a research note on Wednesday, September 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $10.00.

AAC Holdings (NYSE AAC) opened at 8.37 on Monday. The stock has a 50 day moving average of $9.97 and a 200 day moving average of $7.94. The stock’s market cap is $201.38 million. AAC Holdings has a 1-year low of $5.99 and a 1-year high of $19.98.

AAC Holdings (NYSE:AAC) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.12. The business had revenue of $78.04 million during the quarter, compared to analysts’ expectations of $73.40 million. AAC Holdings had a positive return on equity of 10.70% and a negative net margin of 1.55%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.18 EPS. Equities analysts anticipate that AAC Holdings will post $0.51 EPS for the current fiscal year.

WARNING: “AAC Holdings, Inc. (AAC) Downgraded by Zacks Investment Research to “Sell”” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another website, it was stolen and republished in violation of US & international copyright & trademark laws. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/10/aac-holdings-inc-aac-downgraded-by-zacks-investment-research-to-sell.html.

Hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System increased its holdings in shares of AAC Holdings by 1.5% in the 2nd quarter. California State Teachers Retirement System now owns 20,291 shares of the company’s stock valued at $141,000 after acquiring an additional 300 shares during the last quarter. State Street Corp increased its holdings in shares of AAC Holdings by 7.4% in the 2nd quarter. State Street Corp now owns 164,658 shares of the company’s stock valued at $1,139,000 after acquiring an additional 11,338 shares during the last quarter. San Francisco Sentry Investment Group CA purchased a new position in shares of AAC Holdings in the 2nd quarter valued at about $31,241,000. Woodmont Investment Counsel LLC increased its holdings in shares of AAC Holdings by 10.0% in the 2nd quarter. Woodmont Investment Counsel LLC now owns 45,226 shares of the company’s stock valued at $313,000 after acquiring an additional 4,130 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of AAC Holdings by 4.6% in the 2nd quarter. Northern Trust Corp now owns 128,741 shares of the company’s stock valued at $893,000 after acquiring an additional 5,709 shares during the last quarter. 64.03% of the stock is currently owned by institutional investors.

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

According to Zacks, “AAC Holdings, Inc. is a provider of inpatient substance abuse treatment services for individuals with drug and alcohol addiction. It provides detoxification, residential treatment, partial hospitalization, and intensive outpatient care services. AAC Holdings, Inc. is headquartered in Brentwood, Tennessee. “

Separately, Cantor Fitzgerald reissued a buy rating and set a $14.00 target price on shares of AAC Holdings in a research note on Wednesday, September 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $10.00.

AAC Holdings (NYSE AAC) opened at 8.37 on Monday. The stock has a 50 day moving average of $9.97 and a 200 day moving average of $7.94. The stock’s market cap is $201.38 million. AAC Holdings has a 1-year low of $5.99 and a 1-year high of $19.98.

AAC Holdings (NYSE:AAC) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.12. The business had revenue of $78.04 million during the quarter, compared to analysts’ expectations of $73.40 million. AAC Holdings had a positive return on equity of 10.70% and a negative net margin of 1.55%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.18 EPS. Equities analysts anticipate that AAC Holdings will post $0.51 EPS for the current fiscal year.

WARNING: “AAC Holdings, Inc. (AAC) Downgraded by Zacks Investment Research to “Sell”” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another website, it was stolen and republished in violation of US & international copyright & trademark laws. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/10/aac-holdings-inc-aac-downgraded-by-zacks-investment-research-to-sell.html.

Hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System increased its holdings in shares of AAC Holdings by 1.5% in the 2nd quarter. California State Teachers Retirement System now owns 20,291 shares of the company’s stock valued at $141,000 after acquiring an additional 300 shares during the last quarter. State Street Corp increased its holdings in shares of AAC Holdings by 7.4% in the 2nd quarter. State Street Corp now owns 164,658 shares of the company’s stock valued at $1,139,000 after acquiring an additional 11,338 shares during the last quarter. San Francisco Sentry Investment Group CA purchased a new position in shares of AAC Holdings in the 2nd quarter valued at about $31,241,000. Woodmont Investment Counsel LLC increased its holdings in shares of AAC Holdings by 10.0% in the 2nd quarter. Woodmont Investment Counsel LLC now owns 45,226 shares of the company’s stock valued at $313,000 after acquiring an additional 4,130 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of AAC Holdings by 4.6% in the 2nd quarter. Northern Trust Corp now owns 128,741 shares of the company’s stock valued at $893,000 after acquiring an additional 5,709 shares during the last quarter. 64.03% of the stock is currently owned by institutional investors.

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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