San Francisco Sentry Investment Group CA decreased its stake in AAC Holdings Inc (NYSE:AAC) by 6.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,367,921 shares of the company’s stock after selling 236,000 shares during the period. AAC makes up 13.1% of San Francisco Sentry Investment Group CA’s investment portfolio, making the stock its largest holding. San Francisco Sentry Investment Group CA owned 13.69% of AAC worth $31,557,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in shares of AAC by 234.9% in the first quarter. The Manufacturers Life Insurance Company now owns 10,724 shares of the company’s stock valued at $123,000 after purchasing an additional 7,522 shares during the period. Engineers Gate Manager LP acquired a new stake in shares of AAC in the first quarter valued at about $247,000. Monarch Partners Asset Management LLC acquired a new stake in shares of AAC in the first quarter valued at about $250,000. Deutsche Bank AG lifted its stake in shares of AAC by 154.1% in the fourth quarter. Deutsche Bank AG now owns 27,049 shares of the company’s stock valued at $243,000 after purchasing an additional 16,404 shares during the period. Finally, Hancock Holding Co. acquired a new stake in shares of AAC in the first quarter valued at about $311,000. Hedge funds and other institutional investors own 62.57% of the company’s stock.
Shares of AAC opened at $9.11 on Friday, according to MarketBeat. The company has a quick ratio of 2.57, a current ratio of 2.59 and a debt-to-equity ratio of 2.34. The stock has a market cap of $227.76 million, a price-to-earnings ratio of 21.05 and a beta of 1.39. AAC Holdings Inc has a 12-month low of $7.41 and a 12-month high of $13.06.
AAC (NYSE:AAC) last announced its earnings results on Wednesday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). The business had revenue of $86.76 million for the quarter, compared to analyst estimates of $82.81 million. AAC had a positive return on equity of 7.32% and a negative net margin of 6.41%. The business’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 EPS. research analysts anticipate that AAC Holdings Inc will post 0.75 earnings per share for the current year.
AAC has been the subject of several recent analyst reports. Cantor Fitzgerald reiterated a “buy” rating and issued a $14.00 price objective on shares of AAC in a research note on Wednesday, May 2nd. Zacks Investment Research cut shares of AAC from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Finally, ValuEngine cut shares of AAC from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $14.00.
In other AAC news, CEO Michael T. Cartwright sold 61,000 shares of AAC stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $11.95, for a total transaction of $728,950.00. Following the completion of the transaction, the chief executive officer now owns 2,719,099 shares in the company, valued at $32,493,233.05. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Michael T. Cartwright sold 100,000 shares of AAC stock in a transaction dated Thursday, May 24th. The stock was sold at an average price of $11.78, for a total transaction of $1,178,000.00. Following the transaction, the chairman now owns 2,719,099 shares of the company’s stock, valued at approximately $32,030,986.22. The disclosure for this sale can be found here. Insiders own 37.30% of the company’s stock.
AAC Company Profile
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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