Brokers Issue Forecasts for AAC Holdings Inc.’s Q3 2016 Earnings (AAC)

AAC Holdings Inc. (NYSE:AAC) – Stock analysts at Avondale Partners issued their Q3 2016 earnings per share (EPS) estimates for AAC Holdings in a research note issued on Monday. Avondale Partners analyst P. Torch expects that the brokerage will earn $0.23 per share for the quarter.

A number of other research analysts have also recently issued reports on AAC. Zacks Investment Research cut shares of AAC Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 11th. Mizuho reaffirmed a “buy” rating and issued a $24.00 price target on shares of AAC Holdings in a report on Thursday, June 16th. Citigroup Inc. raised shares of AAC Holdings from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $27.00 to $29.00 in a report on Monday, August 15th. They noted that the move was a valuation call. Finally, Raymond James Financial Inc. raised shares of AAC Holdings from an “outperform” rating to a “strong-buy” rating and set a $29.00 price target for the company in a report on Monday, August 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. AAC Holdings currently has an average rating of “Buy” and a consensus target price of $27.50.

Shares of AAC Holdings (NYSE:AAC) opened at 17.25 on Wednesday. AAC Holdings has a 52 week low of $14.36 and a 52 week high of $28.72. The stock has a market cap of $408.84 million, a PE ratio of 94.78 and a beta of 2.70. The firm has a 50-day moving average of $18.00 and a 200 day moving average of $19.84.

AAC Holdings (NYSE:AAC) last released its earnings results on Thursday, August 4th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by $0.05. AAC Holdings had a net margin of 1.73% and a return on equity of 12.40%. The firm had revenue of $71.50 million for the quarter, compared to analysts’ expectations of $67.42 million. During the same quarter last year, the firm posted $0.26 EPS. The firm’s quarterly revenue was up 32.9% compared to the same quarter last year.

In related news, Chairman Michael T. Cartwright sold 24,576 shares of the firm’s stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $23.26, for a total transaction of $571,637.76. Following the sale, the chairman now owns 3,080,490 shares in the company, valued at $71,652,197.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Michael T. Cartwright sold 24,624 shares of the firm’s stock in a transaction on Tuesday, July 19th. The shares were sold at an average price of $23.06, for a total transaction of $567,829.44. Following the sale, the chief executive officer now owns 3,109,911 shares in the company, valued at approximately $71,714,547.66. The disclosure for this sale can be found here. 37.30% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Lombardia Capital Partners LLC purchased a new stake in AAC Holdings during the second quarter valued at approximately $612,000. M&T Bank Corp purchased a new stake in AAC Holdings during the second quarter valued at approximately $333,000. Emerald Acquisition Ltd. purchased a new stake in AAC Holdings during the second quarter valued at approximately $2,842,000. Mondrian Investment Partners LTD raised its stake in AAC Holdings by 16.1% in the second quarter. Mondrian Investment Partners LTD now owns 104,407 shares of the company’s stock valued at $2,383,000 after buying an additional 14,453 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in AAC Holdings by 22.5% in the second quarter. California State Teachers Retirement System now owns 20,791 shares of the company’s stock valued at $474,000 after buying an additional 3,819 shares in the last quarter. Institutional investors own 51.39% of the company’s stock.

AAC Holdings Company Profile

AAC Holdings, Inc is a provider of inpatient substance abuse treatment services for individuals with drug and alcohol addiction. The Company operates through substance abuse/behavioral healthcare treatment services segment. The Company operates approximately nine residential substance abuse treatment facilities located throughout the United States, focused on delivering clinical care and treatment solutions across approximately 900 beds, which includes approximately 480 licensed detoxification beds.

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