AAC (NYSE:AAC) Upgraded by ValuEngine to “Buy”

ValuEngine upgraded shares of AAC (NYSE:AAC) from a hold rating to a buy rating in a report released on Thursday, August 1st, ValuEngine reports.

Several other equities research analysts have also issued reports on AAC. Zacks Investment Research upgraded shares of AAC from a strong sell rating to a hold rating in a research report on Tuesday, June 18th. Raymond James dropped their target price on shares of AAC from $7.00 to $5.00 and set an outperform rating for the company in a research report on Thursday, April 18th.

NYSE:AAC traded down $0.04 during mid-day trading on Thursday, hitting $0.59. 181,547 shares of the stock traded hands, compared to its average volume of 224,926. AAC has a 12-month low of $0.50 and a 12-month high of $9.82. The company has a market cap of $15.94 million, a PE ratio of -0.56 and a beta of 2.43. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 3.37. The business’s 50-day moving average price is $0.93 and its 200 day moving average price is $1.59.

In other AAC news, Director Lucius E. Burch III acquired 51,003 shares of the stock in a transaction dated Monday, June 10th. The stock was purchased at an average cost of $0.81 per share, for a total transaction of $41,312.43. Following the acquisition, the director now owns 1,270,482 shares in the company, valued at approximately $1,029,090.42. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Stephen Ebbett acquired 55,549 shares of the stock in a transaction dated Tuesday, June 11th. The stock was acquired at an average price of $0.80 per share, with a total value of $44,439.20. Following the completion of the acquisition, the insider now owns 65,549 shares in the company, valued at approximately $52,439.20. The disclosure for this purchase can be found here. Insiders own 31.22% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royce & Associates LP lifted its holdings in shares of AAC by 20.8% in the 1st quarter. Royce & Associates LP now owns 1,862,185 shares of the company’s stock worth $3,426,000 after acquiring an additional 320,019 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of AAC by 422.5% in the 2nd quarter. Vanguard Group Inc. now owns 1,346,705 shares of the company’s stock worth $1,158,000 after acquiring an additional 1,088,971 shares during the last quarter. Mondrian Investment Partners LTD lifted its holdings in shares of AAC by 77.8% in the 2nd quarter. Mondrian Investment Partners LTD now owns 1,122,132 shares of the company’s stock worth $965,000 after acquiring an additional 490,906 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of AAC by 0.9% in 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. Finally, GSA Capital Partners LLP lifted its holdings in shares of AAC by 280.7% in the 2nd quarter. GSA Capital Partners LLP now owns 373,458 shares of the company’s stock worth $321,000 after acquiring an additional 275,358 shares during the last quarter. Hedge funds and other institutional investors own 39.20% of the company’s stock.

AAC Company Profile

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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