AAC Holdings, Inc. (AAC) Cut to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of AAC Holdings, Inc. (NYSE:AAC) from a hold rating to a sell rating in a research note issued to investors 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 restated a buy rating and set a $14.00 target price on shares of AAC Holdings in a research note on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. AAC Holdings currently has an average rating of Hold and an average price target of $10.00.

AAC Holdings (NYSE:AAC) opened at 7.72 on Monday. The company’s 50-day moving average is $9.88 and its 200 day moving average is $7.94. The stock’s market cap is $185.74 million. AAC Holdings has a 52 week low of $5.99 and a 52 week high of $19.98.

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

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AAC. Nationwide Fund Advisors raised its stake in AAC Holdings by 168.0% during the 1st quarter. Nationwide Fund Advisors now owns 15,903 shares of the company’s stock worth $136,000 after acquiring an additional 9,968 shares during the period. California State Teachers Retirement System grew its holdings in AAC Holdings by 1.5% during the 2nd quarter. California State Teachers Retirement System now owns 20,291 shares of the company’s stock valued at $141,000 after buying an additional 300 shares in the last quarter. Alliancebernstein L.P. grew its holdings in AAC Holdings by 3.8% during the 2nd quarter. Alliancebernstein L.P. now owns 20,600 shares of the company’s stock valued at $143,000 after buying an additional 760 shares in the last quarter. Citadel Advisors LLC purchased a new stake in AAC Holdings during the 1st quarter valued at approximately $145,000. Finally, Rhumbline Advisers grew its holdings in AAC Holdings by 38.5% during the 2nd quarter. Rhumbline Advisers now owns 21,719 shares of the company’s stock valued at $151,000 after buying an additional 6,040 shares in the last quarter. Institutional investors own 64.03% of the company’s stock.

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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