AAC Holdings Inc (AAC) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its stake in shares of AAC Holdings Inc (NYSE:AAC) by 40.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,653 shares of the company’s stock after selling 21,231 shares during the quarter. Dimensional Fund Advisors LP’s holdings in AAC were worth $287,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in AAC. The Manufacturers Life Insurance Company grew its holdings in AAC by 234.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 10,724 shares of the company’s stock worth $123,000 after acquiring an additional 7,522 shares during the last quarter. Spark Investment Management LLC grew its holdings in AAC by 11.9% during the 2nd quarter. Spark Investment Management LLC now owns 82,600 shares of the company’s stock worth $773,000 after acquiring an additional 8,800 shares during the last quarter. BlackRock Inc. grew its holdings in AAC by 2.2% during the 1st quarter. BlackRock Inc. now owns 679,756 shares of the company’s stock worth $7,803,000 after acquiring an additional 14,868 shares during the last quarter. Acadian Asset Management LLC grew its holdings in AAC by 128.1% during the 2nd quarter. Acadian Asset Management LLC now owns 64,270 shares of the company’s stock worth $602,000 after acquiring an additional 36,090 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in AAC by 189.9% during the 1st quarter. JPMorgan Chase & Co. now owns 61,616 shares of the company’s stock worth $707,000 after acquiring an additional 40,360 shares during the last quarter. Institutional investors and hedge funds own 61.88% of the company’s stock.

NYSE:AAC opened at $5.51 on Thursday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 2.59 and a current ratio of 2.59. AAC Holdings Inc has a 52 week low of $4.91 and a 52 week high of $12.96. The firm has a market capitalization of $163.81 million, a PE ratio of 9.18 and a beta of 1.30.

AAC (NYSE:AAC) last posted its quarterly earnings data on Wednesday, August 1st. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.09). AAC had a negative net margin of 6.41% and a positive return on equity of 7.32%. The firm had revenue of $86.76 million during the quarter, compared to the consensus estimate of $82.81 million. During the same period in the prior year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. Equities research analysts forecast that AAC Holdings Inc will post 0.72 earnings per share for the current year.

A number of equities research analysts have weighed in on AAC shares. Zacks Investment Research lowered shares of AAC from a “buy” rating to a “hold” rating in a report on Friday, October 5th. ValuEngine lowered shares of AAC from a “sell” rating to a “strong sell” rating in a report on Thursday, August 30th. Finally, Raymond James reduced their target price on shares of AAC from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Tuesday, October 16th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $11.25.

AAC Profile

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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