Shares of AAC Holdings Inc (NYSE:AAC) have been given a consensus rating of “Buy” by the six brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $14.00.

A number of brokerages have recently weighed in on AAC. Cantor Fitzgerald reissued a “buy” rating and set a $14.00 price objective on shares of AAC in a research note on Wednesday, May 2nd. Zacks Investment Research cut shares of AAC from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd.

In other news, Chairman Michael T. Cartwright sold 100,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chairman now directly owns 2,719,099 shares of the company’s stock, valued at approximately $32,030,986.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael T. Cartwright sold 61,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 22nd. The stock was sold at an average price of $11.95, for a total transaction of $728,950.00. Following the transaction, 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. Company insiders own 37.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in AAC by 2.2% during the first quarter. BlackRock Inc. now owns 679,756 shares of the company’s stock worth $7,803,000 after acquiring an additional 14,868 shares during the last quarter. Mondrian Investment Partners LTD boosted its position in AAC by 18.1% during the second quarter. Mondrian Investment Partners LTD now owns 431,137 shares of the company’s stock worth $4,040,000 after acquiring an additional 65,942 shares during the last quarter. Millennium Management LLC boosted its position in AAC by 43.1% during the first quarter. Millennium Management LLC now owns 399,477 shares of the company’s stock worth $4,586,000 after acquiring an additional 120,373 shares during the last quarter. Blair William & Co. IL boosted its position in AAC by 16.6% during the first quarter. Blair William & Co. IL now owns 247,634 shares of the company’s stock worth $2,843,000 after acquiring an additional 35,190 shares during the last quarter. Finally, Spark Investment Management LLC boosted its position in AAC by 131.2% during the first quarter. Spark Investment Management LLC now owns 73,800 shares of the company’s stock worth $847,000 after acquiring an additional 41,877 shares during the last quarter. Hedge funds and other institutional investors own 62.17% of the company’s stock.

Shares of AAC traded down $0.01, reaching $10.29, during mid-day trading on Monday, according to Marketbeat Ratings. 116,674 shares of the company’s stock were exchanged, compared to its average volume of 151,297. The company has a debt-to-equity ratio of 2.28, a current ratio of 2.57 and a quick ratio of 2.57. AAC has a 52-week low of $5.99 and a 52-week high of $13.06. The stock has a market cap of $245.99 million, a price-to-earnings ratio of 17.15 and a beta of 1.34.

AAC (NYSE:AAC) last issued its quarterly earnings data on Wednesday, May 2nd. The company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $78.50 million during the quarter, compared to analysts’ expectations of $75.92 million. During the same period last year, the company posted $0.12 EPS. The company’s revenue was up 7.5% on a year-over-year basis. equities analysts expect that AAC will post 0.79 earnings per share for the current fiscal year.

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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