Woodmont Investment Counsel LLC continued to hold its position in AAC Holdings, Inc. (NYSE:AAC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,096 shares of the company’s stock at the end of the first quarter. Woodmont Investment Counsel LLC’s holdings in AAC Holdings were worth $298,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cortina Asset Management LLC boosted its stake in shares of AAC Holdings by 28.8% in the first quarter. Cortina Asset Management LLC now owns 1,197,769 shares of the company’s stock valued at $10,217,000 after buying an additional 267,860 shares in the last quarter. Royce & Associates LP purchased a new stake in shares of AAC Holdings during the first quarter valued at $1,616,000. DF Dent & Co. Inc. boosted its stake in shares of AAC Holdings by 8.1% in the third quarter. DF Dent & Co. Inc. now owns 1,144,082 shares of the company’s stock valued at $19,896,000 after buying an additional 85,384 shares in the last quarter. Stephens Investment Management Group LLC boosted its stake in shares of AAC Holdings by 7.7% in the first quarter. Stephens Investment Management Group LLC now owns 1,145,317 shares of the company’s stock worth $9,770,000 after buying an additional 81,492 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of AAC Holdings during the fourth quarter worth approximately $216,000. 48.03% of the stock is owned by institutional investors and hedge funds.
AAC Holdings, Inc. (NYSE AAC) traded down 0.77% during midday trading on Tuesday, reaching $6.47. The company had a trading volume of 11,847 shares. The stock’s 50 day moving average is $6.81 and its 200 day moving average is $7.71. AAC Holdings, Inc. has a 12-month low of $5.99 and a 12-month high of $24.38. The firm’s market capitalization is $155.74 million.
AAC Holdings (NYSE:AAC) last released its quarterly earnings results on Thursday, May 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.07. The firm had revenue of $73.04 million for the quarter, compared to the consensus estimate of $71.06 million. AAC Holdings had a positive return on equity of 9.40% and a negative net margin of 0.62%. Equities research analysts expect that AAC Holdings, Inc. will post $0.52 earnings per share for the current year.
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A number of analysts have recently commented on the company. Mizuho lowered their price target on AAC Holdings from $9.00 to $6.00 and set a “neutral” rating for the company in a research note on Tuesday, May 30th. Zacks Investment Research raised AAC Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd.
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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