Media coverage about AAC (NYSE:AAC) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AAC earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 47.6309615496684 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern’s analysis:
- Zacks Investment Research Upgrades AAC (AAC) to “Buy” (americanbankingnews.com)
- $79.52 Million in Sales Expected for AAC Holdings Inc (AAC) This Quarter (americanbankingnews.com)
- Insider Selling: AAC Holdings Inc (AAC) Director Sells 15,000 Shares of Stock (americanbankingnews.com)
- William Blair Research Analysts Reduce Earnings Estimates for AAC Holdings Inc (AAC) (americanbankingnews.com)
- AAC Holdings Inc (AAC) Expected to Post Earnings of $0.11 Per Share (americanbankingnews.com)
AAC has been the subject of a number of recent research reports. Zacks Investment Research upgraded AAC from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Tuesday. Cantor Fitzgerald restated a “buy” rating and issued a $14.00 target price on shares of AAC in a research note on Thursday, November 16th. ValuEngine upgraded AAC from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. Finally, TheStreet lowered AAC from a “c-” rating to a “d+” rating in a research note on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $11.33.
AAC (NYSE:AAC) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.06. AAC had a positive return on equity of 9.25% and a negative net margin of 6.48%. The firm had revenue of $86.10 million during the quarter, compared to analyst estimates of $72.82 million. During the same period in the prior year, the company posted $0.15 earnings per share. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. equities analysts anticipate that AAC will post 0.76 EPS for the current fiscal year.
In other AAC news, Director David C. Kloeppel sold 10,000 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $9.50, for a total transaction of $95,000.00. Following the completion of the transaction, the director now directly owns 202,580 shares in the company, valued at $1,924,510. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Larry Cash acquired 5,000 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were bought at an average price of $9.92 per share, with a total value of $49,600.00. Following the completion of the purchase, the director now directly owns 30,000 shares of the company’s stock, valued at $297,600. The disclosure for this purchase can be found here. Corporate insiders own 33.99% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “AAC (AAC) Getting Somewhat Favorable News Coverage, Study Shows” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/3262137/aac-aac-getting-somewhat-favorable-news-coverage-study-shows.html.
AAC Company Profile
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.
Receive News & Ratings for AAC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAC and related companies with MarketBeat.com's FREE daily email newsletter.