AAC (NYSE:AAC) Shares Up 8.3%
AAC Holdings Inc (NYSE:AAC) shot up 8.3% on Monday . The company traded as high as $0.67 and last traded at $0.65, 286,086 shares traded hands during trading. A decline of 9% from the average session volume of 315,731 shares. The stock had previously closed at $0.60.
A number of brokerages recently weighed in on AAC. ValuEngine cut AAC from a “buy” rating to a “hold” rating in a report on Friday. Raymond James cut AAC from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 13th. Finally, Zacks Investment Research raised AAC from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 18th.
The firm has a 50-day moving average of $0.96 and a 200-day moving average of $1.63. The company has a debt-to-equity ratio of 3.37, a quick ratio of 0.17 and a current ratio of 0.17. The firm has a market capitalization of $15.66 million, a P/E ratio of -0.61 and a beta of 2.43.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE grew its position in AAC by 1.3% during the 4th quarter. Bank of America Corp DE now owns 338,166 shares of the company’s stock worth $473,000 after acquiring an additional 4,345 shares during the last quarter. Geode Capital Management LLC grew its position in AAC by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 110,394 shares of the company’s stock worth $154,000 after acquiring an additional 4,864 shares during the last quarter. BlackRock Inc. grew its position in AAC by 0.9% during the 4th quarter. BlackRock Inc. now owns 801,766 shares of the company’s stock worth $1,123,000 after acquiring an additional 7,340 shares during the last quarter. Bank of New York Mellon Corp grew its position in AAC by 47.0% during the 4th quarter. Bank of New York Mellon Corp now owns 175,579 shares of the company’s stock worth $246,000 after acquiring an additional 56,108 shares during the last quarter. Finally, Paloma Partners Management Co bought a new position in AAC during the 2nd quarter worth approximately $51,000. Institutional investors and hedge funds own 39.20% of the company’s stock.
AAC Company Profile (NYSE: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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