Today, AAC Holdings Inc. (AAC) Receives Consensus Recommendation of “Hold” from Brokerages

Today, AAC Holdings Inc. (AAC) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of AAC Holdings Inc. (NYSE:AAC) have earned an average rating of “Hold” from the seven brokerages that are currently covering the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $19.00.

AAC has been the subject of several recent research reports. Mizuho downgraded AAC Holdings from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $26.00 to $14.00 in a research report on Thursday, November 3rd. Raymond James Financial Inc. upgraded AAC Holdings from an “outperform” rating to a “strong-buy” rating and set a $29.00 price objective for the company in a research report on Monday, August 15th. Zacks Investment Research downgraded AAC Holdings from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 5th. Finally, Citigroup Inc. upgraded AAC Holdings from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $27.00 to $29.00 in a research report on Monday, August 15th. They noted that the move was a valuation call.

Institutional investors have recently added to or reduced their stakes in the company. Stephens Investment Management Group LLC increased its position in AAC Holdings by 16.7% in the third quarter. Stephens Investment Management Group LLC now owns 989,640 shares of the company’s stock worth $17,210,000 after buying an additional 141,655 shares during the last quarter. Bank of New York Mellon Corp increased its position in AAC Holdings by 293.1% in the third quarter. Bank of New York Mellon Corp now owns 188,800 shares of the company’s stock worth $3,283,000 after buying an additional 140,769 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in AAC Holdings during the second quarter worth about $2,842,000. EverPoint Asset Management LLC increased its position in AAC Holdings by 122.2% in the second quarter. EverPoint Asset Management LLC now owns 200,000 shares of the company’s stock worth $4,564,000 after buying an additional 110,000 shares during the last quarter. Finally, DF Dent & Co. Inc. increased its position in AAC Holdings by 8.1% in the third quarter. DF Dent & Co. Inc. now owns 1,144,082 shares of the company’s stock worth $19,896,000 after buying an additional 85,384 shares during the last quarter. 52.25% of the stock is owned by institutional investors.

AAC Holdings (NYSE:AAC) traded up 3.24% during mid-day trading on Friday, reaching $9.57. 32,055 shares of the company traded hands. The stock’s market capitalization is $226.88 million. The company’s 50-day moving average is $13.53 and its 200-day moving average is $18.37. AAC Holdings has a 12-month low of $6.01 and a 12-month high of $25.00.

AAC Holdings (NYSE:AAC) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.04. AAC Holdings had a negative net margin of 0.23% and a positive return on equity of 11.33%. The company earned $70.50 million during the quarter, compared to the consensus estimate of $73.28 million. During the same quarter in the previous year, the firm posted $0.24 EPS. The business’s revenue for the quarter was up 22.8% compared to the same quarter last year. Equities analysts predict that AAC Holdings will post $0.72 earnings per share for the current fiscal year.

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