Royce & Associates LP increased its position in shares of AAC Holdings Inc (NYSE:AAC) by 446.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 978,858 shares of the company’s stock after acquiring an additional 799,865 shares during the period. Royce & Associates LP owned approximately 3.98% of AAC worth $7,469,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP lifted its holdings in shares of AAC by 89.0% during the 3rd quarter. GSA Capital Partners LLP now owns 151,000 shares of the company’s stock worth $1,152,000 after acquiring an additional 71,100 shares during the period. BlackRock Inc. grew its position in shares of AAC by 2.2% during the third quarter. BlackRock Inc. now owns 794,426 shares of the company’s stock worth $6,061,000 after buying an additional 17,309 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in AAC by 146.2% during the third quarter. Bank of New York Mellon Corp now owns 119,471 shares of the company’s stock worth $912,000 after purchasing an additional 70,944 shares during the last quarter. Monarch Partners Asset Management LLC lifted its stake in AAC by 12.8% during the third quarter. Monarch Partners Asset Management LLC now owns 78,420 shares of the company’s stock worth $598,000 after purchasing an additional 8,920 shares during the last quarter. Finally, Mondrian Investment Partners LTD lifted its stake in AAC by 22.0% in the third quarter. Mondrian Investment Partners LTD now owns 525,786 shares of the company’s stock valued at $4,012,000 after buying an additional 94,649 shares during the last quarter. 66.22% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on the company. Zacks Investment Research lowered AAC from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. ValuEngine upgraded AAC from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 13th. Raymond James reduced their target price on AAC from $14.00 to $12.00 and set an “outperform” rating for the company in a report on Tuesday, October 16th. Finally, Cantor Fitzgerald downgraded AAC from an “overweight” rating to a “neutral” rating and set a $4.00 price target on the stock. in a research report on Wednesday, November 7th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $7.92.
Shares of NYSE AAC opened at $2.15 on Friday. AAC Holdings Inc has a 52 week low of $1.70 and a 52 week high of $12.96. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 2.58. The company has a market cap of $49.94 million, a P/E ratio of 8.46 and a beta of 1.42.
AAC (NYSE:AAC) last announced its earnings results on Tuesday, November 6th. The company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.32). AAC had a positive return on equity of 4.21% and a negative net margin of 10.20%. The firm had revenue of $77.47 million for the quarter, compared to the consensus estimate of $84.21 million. During the same quarter last year, the business posted $0.12 EPS. AAC’s revenue for the quarter was down 3.7% on a year-over-year basis. As a group, equities research analysts anticipate that AAC Holdings Inc will post 0.2 EPS for the current year.
In other AAC news, Director Darrell S. Freeman bought 25,000 shares of the business’s stock in a transaction dated Thursday, November 29th. The shares were purchased at an average price of $2.19 per share, for a total transaction of $54,750.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Nanko acquired 21,000 shares of the company’s stock in a transaction that occurred on Friday, November 30th. The stock was purchased at an average price of $2.18 per share, for a total transaction of $45,780.00. Following the purchase, the insider now owns 69,700 shares of the company’s stock, valued at approximately $151,946. The disclosure for this purchase can be found here. 37.30% of the stock is currently owned by insiders.
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AAC Holdings, Inc provides inpatient and outpatient substance use treatment services for individuals with drug addiction, alcohol addiction, and co-occurring mental/behavioral health issues in the United States. Its therapy services include motivational interviewing, cognitive behavioral therapy, rational emotive behavior therapy, dialectical behavioral therapy, solution-focused therapy, eye movement desensitization and reprocessing, and systematic family intervention.
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