AAC Holdings Inc (AAC) Stake Raised by Monarch Partners Asset Management LLC

Monarch Partners Asset Management LLC boosted its holdings in shares of AAC Holdings Inc (NYSE:AAC) by 12.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,420 shares of the company’s stock after buying an additional 8,920 shares during the period. Monarch Partners Asset Management LLC owned approximately 0.32% of AAC worth $598,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of AAC. BlackRock Inc. raised its position in AAC by 2.2% during the first quarter. BlackRock Inc. now owns 679,756 shares of the company’s stock valued at $7,803,000 after buying an additional 14,868 shares during the period. JPMorgan Chase & Co. raised its position in AAC by 189.9% during the first quarter. JPMorgan Chase & Co. now owns 61,616 shares of the company’s stock valued at $707,000 after buying an additional 40,360 shares during the period. Dimensional Fund Advisors LP raised its position in AAC by 59.5% during the first quarter. Dimensional Fund Advisors LP now owns 51,884 shares of the company’s stock valued at $596,000 after buying an additional 19,359 shares during the period. The Manufacturers Life Insurance Company raised its position in AAC by 234.9% during the first quarter. The Manufacturers Life Insurance Company now owns 10,724 shares of the company’s stock valued at $123,000 after buying an additional 7,522 shares during the period. Finally, Millennium Management LLC raised its position in AAC by 43.1% during the first quarter. Millennium Management LLC now owns 399,477 shares of the company’s stock valued at $4,586,000 after buying an additional 120,373 shares during the period. 61.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE AAC opened at $2.96 on Wednesday. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 2.34. AAC Holdings Inc has a one year low of $2.80 and a one year high of $12.96. The stock has a market capitalization of $141.43 million, a price-to-earnings ratio of 4.93 and a beta of 1.60.

AAC (NYSE:AAC) last issued its earnings results on Tuesday, November 6th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.32). AAC had a negative net margin of 6.41% and a positive return on equity of 7.32%. The firm had revenue of $77.47 million during the quarter, compared to analysts’ expectations of $84.21 million. During the same quarter last year, the firm earned $0.12 EPS. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. On average, equities research analysts anticipate that AAC Holdings Inc will post 0.72 EPS for the current fiscal year.

AAC has been the topic of a number of recent research reports. Zacks Investment Research downgraded AAC from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. ValuEngine downgraded AAC from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 30th. Raymond James lowered their target price on AAC from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 16th. Finally, Cantor Fitzgerald downgraded AAC from an “overweight” rating to a “neutral” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $11.25.

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About AAC

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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Institutional Ownership by Quarter for AAC (NYSE:AAC)

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