AAC (NYSE:AAC) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Thursday, August 30th.
Other equities analysts have also recently issued reports about the company. Cantor Fitzgerald reissued a “buy” rating and set a $14.00 target price on shares of AAC in a research note on Wednesday, May 2nd. Zacks Investment Research cut AAC from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $14.00.
NYSE:AAC traded down $0.17 during mid-day trading on Thursday, reaching $7.35. The stock had a trading volume of 162,967 shares, compared to its average volume of 218,300. The company has a debt-to-equity ratio of 2.34, a current ratio of 2.59 and a quick ratio of 2.59. The company has a market capitalization of $186.44 million, a price-to-earnings ratio of 12.25 and a beta of 1.28. AAC has a one year low of $7.07 and a one year high of $12.96.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Apollo Management Holdings L.P. boosted its holdings in AAC by 102.9% in the second quarter. Apollo Management Holdings L.P. now owns 466,685 shares of the company’s stock worth $4,373,000 after acquiring an additional 236,652 shares in the last quarter. Bank of America Corp DE boosted its holdings in AAC by 2.2% in the second quarter. Bank of America Corp DE now owns 332,301 shares of the company’s stock worth $3,113,000 after acquiring an additional 7,107 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in AAC by 42.3% in the second quarter. Renaissance Technologies LLC now owns 180,680 shares of the company’s stock worth $1,693,000 after acquiring an additional 53,680 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of AAC by 14.3% during the second quarter. BlackRock Inc. now owns 777,117 shares of the company’s stock valued at $7,282,000 after purchasing an additional 97,361 shares in the last quarter. Finally, Spark Investment Management LLC lifted its holdings in shares of AAC by 11.9% during the second quarter. Spark Investment Management LLC now owns 82,600 shares of the company’s stock valued at $773,000 after purchasing an additional 8,800 shares in the last quarter. Institutional investors own 62.21% of the company’s stock.
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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