GSA Capital Partners LLP Buys New Holdings in AAC Holdings Inc (AAC)

GSA Capital Partners LLP bought a new position in shares of AAC Holdings Inc (NYSE:AAC) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 19,100 shares of the company’s stock, valued at approximately $190,000. GSA Capital Partners LLP owned 0.08% of AAC as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. San Francisco Sentry Investment Group CA bought a new stake in shares of AAC during the 2nd quarter worth about $31,241,000. EAM Investors LLC bought a new stake in shares of AAC during the 3rd quarter worth about $1,977,000. State Street Corp boosted its holdings in shares of AAC by 7.4% during the 2nd quarter. State Street Corp now owns 164,658 shares of the company’s stock worth $1,139,000 after buying an additional 11,338 shares during the period. Northern Trust Corp boosted its holdings in shares of AAC by 4.6% during the 2nd quarter. Northern Trust Corp now owns 128,741 shares of the company’s stock worth $893,000 after buying an additional 5,709 shares during the period. Finally, Sterling Capital Management LLC boosted its holdings in shares of AAC by 15.8% during the 3rd quarter. Sterling Capital Management LLC now owns 120,869 shares of the company’s stock worth $1,200,000 after buying an additional 16,484 shares during the period. 42.57% of the stock is owned by institutional investors and hedge funds.

In other AAC news, Chairman Michael T. Cartwright sold 250,000 shares of AAC stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $9.63, for a total value of $2,407,500.00. Following the completion of the sale, the chairman now owns 2,880,490 shares in the company, valued at approximately $27,739,118.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Larry Cash acquired 10,000 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was acquired at an average price of $9.07 per share, with a total value of $90,700.00. Following the purchase, the director now directly owns 25,000 shares in the company, valued at $226,750. The disclosure for this purchase can be found here. 37.30% of the stock is owned by insiders.

Shares of AAC Holdings Inc (NYSE AAC) opened at $9.27 on Friday. AAC Holdings Inc has a 12 month low of $5.99 and a 12 month high of $13.06. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 1.42. The firm has a market cap of $222.46, a PE ratio of 14.26 and a beta of 1.95.

AAC (NYSE:AAC) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.07. AAC had a negative net margin of 0.42% and a positive return on equity of 9.64%. The business had revenue of $80.42 million during the quarter, compared to analysts’ expectations of $74.49 million. During the same quarter in the previous year, the company earned $0.19 EPS. The business’s revenue was up 14.0% on a year-over-year basis. equities analysts expect that AAC Holdings Inc will post 0.54 earnings per share for the current fiscal year.

AAC has been the subject of several research analyst reports. Cantor Fitzgerald reaffirmed a “buy” rating and set a $14.00 target price on shares of AAC in a report on Thursday, November 16th. Zacks Investment Research downgraded shares of AAC from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. UBS Group raised shares of AAC from a “market perform” rating to an “outperform” rating in a report on Friday, November 3rd. Finally, Raymond James Financial raised shares of AAC from a “mkt perform” rating to an “outperform” rating in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. AAC has a consensus rating of “Buy” and an average target price of $10.00.

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

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