AAC (NYSE:AAC) Cut to Hold at ValuEngine
AAC has been the topic of a number of other reports. Raymond James downgraded shares of AAC from an outperform rating to a market perform rating in a report on Tuesday. Zacks Investment Research raised shares of AAC from a strong sell rating to a hold rating in a report on Tuesday, June 18th.
Shares of NYSE:AAC traded down $0.02 during midday trading on Friday, reaching $0.60. The company had a trading volume of 385,000 shares, compared to its average volume of 133,374. The company’s 50 day moving average price is $0.97 and its 200 day moving average price is $1.65. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 3.37. The stock has a market cap of $16.95 million, a P/E ratio of -0.57 and a beta of 2.43. AAC has a 52-week low of $0.50 and a 52-week high of $10.27.
A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of AAC by 0.9% in the fourth quarter. BlackRock Inc. now owns 801,766 shares of the company’s stock worth $1,123,000 after purchasing an additional 7,340 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of AAC by 47.0% in the fourth quarter. Bank of New York Mellon Corp now owns 175,579 shares of the company’s stock worth $246,000 after purchasing an additional 56,108 shares during the last quarter. Geode Capital Management LLC increased its position in shares of AAC by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 110,394 shares of the company’s stock worth $154,000 after purchasing an additional 4,864 shares during the last quarter. Two Sigma Investments LP bought a new position in shares of AAC in the fourth quarter worth approximately $49,000. Finally, Bank of America Corp DE increased its position in shares of AAC by 1.3% in the fourth quarter. Bank of America Corp DE now owns 338,166 shares of the company’s stock worth $473,000 after purchasing an additional 4,345 shares during the last quarter. Institutional investors and hedge funds own 40.64% 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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