AAC Holdings, Inc. (NYSE:AAC) Shares Bought by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD increased its stake in shares of AAC Holdings, Inc. (NYSE:AAC) by 21.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 482,965 shares of the company’s stock after buying an additional 84,905 shares during the period. Mondrian Investment Partners LTD owned about 2.01% of AAC Holdings worth $3,347,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AAC. Highbridge Capital Management LLC bought a new stake in shares of AAC Holdings during the fourth quarter valued at about $180,000. Nationwide Fund Advisors raised its stake in shares of AAC Holdings by 168.0% in the first quarter. Nationwide Fund Advisors now owns 15,903 shares of the company’s stock valued at $136,000 after buying an additional 9,968 shares during the last quarter. Cortina Asset Management LLC raised 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 during the last quarter. Royce & Associates LP bought a new stake in shares of AAC Holdings during the first quarter valued at about $1,616,000. Finally, Stephens Investment Management Group LLC raised 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 valued at $9,770,000 after buying an additional 81,492 shares during the last quarter. Institutional investors and hedge funds own 48.02% of the company’s stock.

Shares of AAC Holdings, Inc. (NYSE:AAC) opened at 8.67 on Friday. AAC Holdings, Inc. has a 12 month low of $5.99 and a 12 month high of $21.45. The firm’s 50-day moving average is $6.98 and its 200 day moving average is $7.49. The company’s market capitalization is $208.60 million.

AAC Holdings (NYSE:AAC) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.12. AAC Holdings had a positive return on equity of 10.70% and a negative net margin of 1.55%. The business had revenue of $78.04 million during the quarter, compared to the consensus estimate of $73.40 million. During the same period in the prior year, the company posted $0.18 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts expect that AAC Holdings, Inc. will post $0.54 EPS for the current year.

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AAC has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of AAC Holdings from a “sell” rating to a “hold” rating in a research report on Friday, April 14th. Mizuho dropped their target price on shares of AAC Holdings from $9.00 to $6.00 and set a “neutral” rating for the company in a research report on Tuesday, May 30th. Finally, Cantor Fitzgerald initiated coverage on shares of AAC Holdings in a research report on Wednesday. They set an “overweight” rating and a $11.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. AAC Holdings presently has a consensus rating of “Buy” and an average target price of $18.75.

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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Institutional Ownership by Quarter for AAC Holdings (NYSE:AAC)

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