AAC Holdings Inc (AAC) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.20 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.17. The company posted revenue of $65.30 million in the period, 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 closed down -0.86 points or -4.22% at $19.53 with 1,12,262 shares getting traded on Wednesday. Post opening the session at $20.42, the shares hit an intraday low of $19.44 and an intraday high of $20.4799 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on May 2, 2016, Michael T. Cartwright (Chairman and CEO) sold 500 shares at $21.00 per share price. According to the SEC, on Aug 7, 2015, Andrew W. Mcwilliams (Chief Accounting Officer) purchased 340 shares at $23.00 per share price. On Aug 4, 2015, Darrell S. Freeman (director) purchased 15,000 shares at $21.55 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.