AAC (AAC) Cut to “Strong Sell” at ValuEngine

AAC (NYSE:AAC) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Monday, November 19th.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of AAC from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a report on Wednesday, October 3rd. Cantor Fitzgerald cut shares of AAC from an “overweight” rating to a “neutral” rating and set a $4.00 price target on the stock. in a report on Wednesday, November 7th. Finally, Raymond James cut their price target 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 equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $7.92.

Shares of NYSE AAC traded down $0.21 during mid-day trading on Monday, hitting $2.11. The stock had a trading volume of 289,234 shares, compared to its average volume of 661,937. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 2.58. AAC has a 1 year low of $1.70 and a 1 year high of $12.96. The company has a market cap of $48.47 million, a price-to-earnings ratio of 3.52 and a beta of 1.42.



AAC (NYSE:AAC) last issued its earnings results on Tuesday, November 6th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.24 by ($0.32). AAC had a positive return on equity of 4.21% and a negative net margin of 10.20%. The firm had revenue of $77.47 million during the quarter, compared to analysts’ expectations of $84.21 million. During the same period in the previous year, the firm earned $0.12 earnings per share. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. Equities research analysts anticipate that AAC will post 0.2 earnings per share for the current year.

In related news, insider Michael Nanko purchased 21,000 shares of the business’s stock in a transaction that occurred on Friday, November 30th. The shares were acquired at an average price of $2.18 per share, for a total transaction of $45,780.00. Following the completion of the acquisition, the insider now directly owns 69,700 shares in the company, valued at approximately $151,946. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Darrell S. Freeman bought 25,000 shares of the company’s stock in a transaction dated Thursday, November 29th. The shares were acquired at an average price of $2.19 per share, for a total transaction of $54,750.00. The disclosure for this purchase can be found here. Insiders own 31.22% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of AAC by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 634,991 shares of the company’s stock valued at $4,845,000 after buying an additional 25,737 shares in the last quarter. Morgan Stanley boosted its holdings in shares of AAC by 5.7% during the 3rd quarter. Morgan Stanley now owns 1,495,158 shares of the company’s stock valued at $11,408,000 after buying an additional 80,865 shares in the last quarter. Woodmont Investment Counsel LLC bought a new stake in shares of AAC during the 3rd quarter valued at $353,000. Royce & Associates LP boosted its holdings in shares of AAC by 446.9% during the 3rd quarter. Royce & Associates LP now owns 978,858 shares of the company’s stock valued at $7,469,000 after buying an additional 799,865 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in shares of AAC by 89.0% during the 3rd quarter. GSA Capital Partners LLP now owns 151,000 shares of the company’s stock valued at $1,152,000 after buying an additional 71,100 shares in the last quarter. Hedge funds and other institutional investors own 66.22% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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