AAC Holdings, Inc. (NYSE:AAC) was upgraded by research analysts at Raymond James Financial, Inc. from a “mkt perform” rating to an “outperform” rating in a research report issued on Friday, Marketbeat reports.

A number of other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of AAC Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $14.00 price objective (up from $11.00) on shares of AAC Holdings in a research report on Wednesday, September 13th. Finally, UBS AG raised shares of AAC Holdings from a “market perform” rating to an “outperform” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. AAC Holdings presently has a consensus rating of “Hold” and an average price target of $10.00.

AAC Holdings (NYSE:AAC) traded up $2.53 during mid-day trading on Friday, reaching $10.08. 369,013 shares of the company’s stock were exchanged, compared to its average volume of 147,886. The stock has a market capitalization of $241.09 million, a P/E ratio of 15.41 and a beta of 1.87.

AAC Holdings (NYSE:AAC) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.07. AAC Holdings had a negative net margin of 0.42% and a positive return on equity of 9.66%. The firm had revenue of $80.42 million during the quarter, compared to analysts’ expectations of $74.49 million. During the same period in the previous year, the business posted $0.19 earnings per share. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. research analysts forecast that AAC Holdings will post 0.56 EPS for the current year.

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Several institutional investors have recently made changes to their positions in the company. San Francisco Sentry Investment Group CA bought a new stake in shares of AAC Holdings in the second quarter valued at about $31,241,000. Mondrian Investment Partners LTD boosted its position in shares of AAC Holdings by 21.3% in the second quarter. Mondrian Investment Partners LTD now owns 482,965 shares of the company’s stock valued at $3,347,000 after acquiring an additional 84,905 shares during the period. State Street Corp boosted its position in shares of AAC Holdings by 7.4% in the second quarter. State Street Corp now owns 164,658 shares of the company’s stock valued at $1,139,000 after acquiring an additional 11,338 shares during the period. Northern Trust Corp boosted its position in shares of AAC Holdings by 4.6% in the second quarter. Northern Trust Corp now owns 128,741 shares of the company’s stock valued at $893,000 after acquiring an additional 5,709 shares during the period. Finally, Woodmont Investment Counsel LLC boosted its position in shares of AAC Holdings by 10.0% in the second quarter. Woodmont Investment Counsel LLC now owns 45,226 shares of the company’s stock valued at $313,000 after acquiring an additional 4,130 shares during the period. 63.96% of the stock is owned by institutional investors.

AAC Holdings 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.

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