AAC Holdings, Inc. (NYSE:AAC) Upgraded by UBS AG to Outperform

AAC Holdings, Inc. (NYSE:AAC) was upgraded by equities research analysts at UBS AG from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday, November 3rd, The Fly reports.

AAC has been the topic of a number of other reports. Zacks Investment Research upgraded AAC Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Cantor Fitzgerald restated a “buy” rating and set a $14.00 price objective on shares of AAC Holdings in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $10.00.

AAC Holdings (NYSE AAC) traded down $0.06 during trading on Friday, hitting $9.04. The company’s stock had a trading volume of 150,371 shares, compared to its average volume of 131,504. The company has a market cap of $213.35, a PE ratio of 13.68 and a beta of 1.87. AAC Holdings has a 52-week low of $5.99 and a 52-week high of $13.06. The company has a debt-to-equity ratio of 1.42, a current ratio of 3.28 and a quick ratio of 3.28.

AAC Holdings (NYSE:AAC) last issued its earnings results on Wednesday, November 1st. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07. AAC Holdings had a positive return on equity of 1.81% and a negative net margin of 0.45%. The company had revenue of $80.42 million for the quarter, compared to analysts’ expectations of $74.49 million. During the same period last year, the business earned $0.19 EPS. AAC Holdings’s quarterly revenue was up 14.0% compared to the same quarter last year. sell-side analysts expect that AAC Holdings will post 0.54 earnings per share for the current fiscal year.

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In other news, Chairman Michael T. Cartwright sold 250,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $9.63, for a total transaction of $2,407,500.00. Following the completion of the sale, the chairman now directly owns 2,880,490 shares of the company’s stock, valued at approximately $27,739,118.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director W Larry Cash acquired 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was purchased at an average cost of $9.93 per share, with a total value of $119,160.00. Following the acquisition, the director now owns 15,000 shares in the company, valued at approximately $148,950. The disclosure for this purchase can be found here. 33.99% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP purchased a new stake in AAC Holdings in the 3rd quarter worth about $190,000. Sterling Capital Management LLC increased its holdings in AAC Holdings by 15.8% in the 3rd quarter. Sterling Capital Management LLC now owns 120,869 shares of the company’s stock worth $1,200,000 after acquiring an additional 16,484 shares during the last quarter. Woodmont Investment Counsel LLC boosted its stake in AAC Holdings by 17.5% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 53,144 shares of the company’s stock worth $528,000 after purchasing an additional 7,918 shares during the period. Schwab Charles Investment Management Inc. bought a new position in AAC Holdings in the 3rd quarter worth about $456,000. Finally, EAM Investors LLC bought a new position in AAC Holdings in the 3rd quarter worth about $1,977,000. 45.84% of the stock is owned by institutional investors.

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.

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