Gilder Gagnon Howe Co Lowers stake in AAC Holdings Inc (AAC)

AAC Holdings Inc (AAC) : Gilder Gagnon Howe Co reduced its stake in AAC Holdings Inc by 6.52% during the most recent quarter end. The investment management company now holds a total of 728,439 shares of AAC Holdings Inc which is valued at $14,539,642 after selling 50,842 shares in AAC Holdings Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.AAC Holdings Inc makes up approximately 0.27% of Gilder Gagnon Howe Co’s portfolio.

Other Hedge Funds, Including , Mondrian Investment Partners Ltd boosted its stake in AAC in the latest quarter, The investment management firm added 14,453 additional shares and now holds a total of 104,407 shares of AAC Holdings Inc which is valued at $2,083,964. AAC Holdings Inc makes up approx 0.05% of Mondrian Investment Partners Ltd’s portfolio.Skylands Capital boosted its stake in AAC in the latest quarter, The investment management firm added 15,750 additional shares and now holds a total of 71,900 shares of AAC Holdings Inc which is valued at $1,691,088. AAC Holdings Inc makes up approx 0.26% of Skylands Capital’s portfolio.Pembroke Management Ltd reduced its stake in AAC by selling 34,400 shares or 2.91% in the most recent quarter. The Hedge Fund company now holds 1,145,763 shares of AAC which is valued at $25,321,362. AAC Holdings Inc makes up approx 2.37% of Pembroke Management Ltd’s portfolio.Kelman-lazarov boosted its stake in AAC in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 753 shares of AAC Holdings Inc which is valued at $17,342. AAC Holdings Inc makes up approx 0.01% of Kelman-lazarov’s portfolio.Cutler Group Lp boosted its stake in AAC in the latest quarter, The investment management firm added 2,422 additional shares and now holds a total of 4,475 shares of AAC Holdings Inc which is valued at $100,419. AAC Holdings Inc makes up approx 0.01% of Cutler Group Lp’s portfolio.

AAC Holdings Inc opened for trading at $19.01 and hit $21.06 on the upside on Thursday, eventually ending the session at $20.02, with a gain of 0.30% or 0.06 points. The heightened volatility saw the trading volume jump to 3,04,968 shares. Company has a market cap of $475 M.

On the company’s financial health, AAC Holdings Inc reported $0.18 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.23. The company had revenue of $71.50 million for the quarter, compared to analysts expectations of $67.41 million. The company’s revenue was up 32.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Many Wall Street Analysts have commented on AAC Holdings Inc. Company shares were Reiterated by Mizuho on Jul 18, 2016 to “Buy”, Firm has raised the Price Target to $ 26 from a previous price target of $24 .Mizuho Upgraded AAC Holdings Inc on May 25, 2016 to ” Buy”, Price Target of the shares are set at $24.

AAC Holdings Inc. is a provider of inpatient substance abuse treatment services for individuals with drug and alcohol addiction. The Company operates approximately seven residential substance abuse treatment facilities and one outpatient substance abuse treatment facility. Its substance abuse treatment facilities are located throughout the United States focused on delivering clinical care and treatment solutions across its approximately 560 beds which includes approximately 378 licensed detoxification beds. It has made investments in its treatment facilities. The Company provides care to adults and adolescents struggling with alcohol and/or drug abuse and dependence as well as co-occurring mental health issues. The Company offers various treatment services which include detoxification residential treatment partial hospitalization and intensive outpatient services.

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