AAC Holdings Inc (AAC) Director Sells $60,100.00 in Stock

AAC Holdings Inc (NYSE:AAC) Director David C. Kloeppel sold 5,000 shares of the stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $12.02, for a total value of $60,100.00. Following the transaction, the director now directly owns 161,080 shares in the company, valued at $1,936,181.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

AAC Holdings Inc (NYSE AAC) traded up $0.17 during midday trading on Friday, hitting $12.87. The stock had a trading volume of 179,672 shares, compared to its average volume of 271,620. The company has a market cap of $307.57, a PE ratio of 21.45 and a beta of 1.62. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.85 and a quick ratio of 1.85. AAC Holdings Inc has a 12-month low of $5.99 and a 12-month high of $13.06.

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AAC (NYSE:AAC) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.06. The firm had revenue of $86.10 million for the quarter, compared to analysts’ expectations of $72.82 million. AAC had a positive return on equity of 9.25% and a negative net margin of 6.48%. The company’s revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 EPS. analysts expect that AAC Holdings Inc will post 0.76 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in AAC. San Francisco Sentry Investment Group CA bought a new position in AAC in the 4th quarter worth $34,235,000. Millennium Management LLC raised its holdings in AAC by 541.1% in the 4th quarter. Millennium Management LLC now owns 279,104 shares of the company’s stock worth $2,512,000 after purchasing an additional 235,568 shares during the period. EAM Investors LLC bought a new position in AAC in the 3rd quarter worth $1,977,000. Employees Retirement System of Texas bought a new position in AAC in the 4th quarter worth $1,170,000. Finally, Mondrian Investment Partners LTD raised its holdings in AAC by 16.5% in the 4th quarter. Mondrian Investment Partners LTD now owns 438,655 shares of the company’s stock worth $3,948,000 after purchasing an additional 62,026 shares during the period. 64.27% of the stock is currently owned by institutional investors.

Several equities analysts have recently weighed in on AAC shares. Zacks Investment Research cut AAC from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Cantor Fitzgerald reissued a “buy” rating and set a $14.00 price target on shares of AAC in a report on Friday, January 5th. ValuEngine raised AAC from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Finally, TheStreet cut AAC from a “c-” rating to a “d+” rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $11.33.

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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.

Insider Buying and Selling by Quarter for AAC (NYSE:AAC)

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