AAC Holdings, Inc. (NYSE:AAC) – William Blair issued their Q1 2018 earnings per share estimates for shares of AAC Holdings in a research report issued to clients and investors on Wednesday. William Blair analyst R. Daniels forecasts that the company will post earnings of $0.10 per share for the quarter. William Blair also issued estimates for AAC Holdings’ Q2 2018 earnings at $0.14 EPS and Q3 2018 earnings at $0.16 EPS.

Several other research firms have also recently weighed in on AAC. Cantor Fitzgerald reissued an “overweight” rating and set a $14.00 price objective (up previously from $11.00) on shares of AAC Holdings in a research report on Wednesday. Mizuho cut their price objective on AAC Holdings from $9.00 to $6.00 and set a “neutral” rating for the company in a research report on Tuesday, May 30th. Finally, Zacks Investment Research cut AAC Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $10.00.

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AAC Holdings (AAC) traded up 0.44% during midday trading on Friday, reaching $11.45. The company’s stock had a trading volume of 66,370 shares. The firm’s market capitalization is $275.49 million. AAC Holdings has a 52 week low of $5.99 and a 52 week high of $19.98. The stock has a 50 day moving average of $8.91 and a 200 day moving average of $7.77.

AAC Holdings (NYSE:AAC) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.12. AAC Holdings had a positive return on equity of 10.70% and a negative net margin of 1.55%. The company had revenue of $78.04 million for the quarter, compared to the consensus estimate of $73.40 million. During the same period in the previous year, the business earned $0.18 EPS. AAC Holdings’s revenue for the quarter was up 9.1% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently bought and sold shares of AAC. Nationwide Fund Advisors lifted its position in shares of 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 purchasing an additional 9,968 shares during the last quarter. Cortina Asset Management LLC lifted its position in shares of AAC Holdings by 28.8% during the 1st quarter. Cortina Asset Management LLC now owns 1,197,769 shares of the company’s stock worth $10,217,000 after purchasing an additional 267,860 shares during the last quarter. Royce & Associates LP acquired a new position in shares of AAC Holdings during the 1st quarter worth about $1,616,000. Stephens Investment Management Group LLC lifted its position in shares of AAC Holdings by 7.7% during the 1st quarter. Stephens Investment Management Group LLC now owns 1,145,317 shares of the company’s stock worth $9,770,000 after purchasing an additional 81,492 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd acquired a new position in shares of AAC Holdings during the 1st quarter worth about $156,000. 64.31% of the stock is owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for AAC Holdings (NYSE:AAC)

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