AAC Holdings Inc (AAC) was Upgraded by Mizuho to ” Buy” and the brokerage firm has set the Price Target at $24. Earlier the firm had a rating of “Neutral ” on the company shares. Mizuho advised their investors in a research report released on May 25, 2016.
On the company’s financial health, AAC Holdings Inc reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.17. The company had revenue of $65.30 million for the quarter, compared to analysts expectations of $59.26 million. The company’s revenue was up 52.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.
AAC Holdings Inc opened for trading at $19.6 and hit $20.16 on the upside on Friday, eventually ending the session at $19.85, with a gain of 1.12% or 0.22 points. The heightened volatility saw the trading volume jump to 54,409 shares. Company has a market cap of $470,862 M.
In a different news, on May 9, 2016, Kirk R. Manz (Chief Financial Officer) sold 12,101 shares at $22.52 per share price. According to the SEC, on May 9, 2016, Michael T. Cartwright (Chairman and CEO) sold 20,602 shares at $21.86 per share price. On Aug 7, 2015, Andrew W. Mcwilliams (Chief Accounting Officer) purchased 340 shares at $23.00 per share price, according to the Form-4 filing with the securities and exchange commission.
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.