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