AAC (NYSE:AAC) was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating in a note issued to investors on Tuesday, The Fly reports.
A number of other equities research analysts have also recently issued reports on AAC. Zacks Investment Research raised shares of AAC from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 18th. ValuEngine raised shares of AAC from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.
Shares of AAC stock opened at $0.82 on Tuesday. 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 50-day moving average price of $0.98. The company has a market cap of $22.27 million, a PE ratio of -0.77 and a beta of 2.43. AAC has a 52-week low of $0.62 and a 52-week high of $10.48.
A number of institutional investors have recently added to or reduced their stakes in AAC. BlackRock Inc. increased its stake in AAC by 0.9% in the fourth quarter. BlackRock Inc. now owns 801,766 shares of the company’s stock valued at $1,123,000 after purchasing an additional 7,340 shares in the last quarter. Bank of New York Mellon Corp increased its stake in AAC by 47.0% in the fourth quarter. Bank of New York Mellon Corp now owns 175,579 shares of the company’s stock valued at $246,000 after purchasing an additional 56,108 shares in the last quarter. Geode Capital Management LLC increased its stake in AAC by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 110,394 shares of the company’s stock valued at $154,000 after purchasing an additional 4,864 shares in the last quarter. Two Sigma Investments LP bought a new stake in AAC in the fourth quarter valued at $49,000. Finally, Bank of America Corp DE increased its stake in AAC by 1.3% in the fourth quarter. Bank of America Corp DE now owns 338,166 shares of the company’s stock valued at $473,000 after purchasing an additional 4,345 shares in the last quarter. 40.64% of the stock is currently owned by hedge funds and other institutional investors.
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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