AAC Holdings Inc (NYSE:AAC) hit a new 52-week low on Wednesday . The company traded as low as $7.02 and last traded at $7.06, with a volume of 7601 shares changing hands. The stock had previously closed at $7.25.

A number of equities research analysts have weighed in on AAC shares. ValuEngine downgraded AAC from a “sell” rating to a “strong sell” rating in a report on Thursday, August 30th. Zacks Investment Research downgraded AAC from a “buy” rating to a “hold” rating in a report on Tuesday, July 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. AAC presently has an average rating of “Hold” and an average target price of $14.00.

The company has a debt-to-equity ratio of 2.34, a current ratio of 2.59 and a quick ratio of 2.59. The firm has a market cap of $166.03 million, a price-to-earnings ratio of 15.34 and a beta of 1.28.

AAC (NYSE:AAC) last released its quarterly earnings data on Wednesday, August 1st. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.09). AAC had a negative net margin of 6.41% and a positive return on equity of 7.32%. The firm had revenue of $86.76 million for the quarter, compared to analyst estimates of $82.81 million. During the same period last year, the business earned $0.26 EPS. The company’s revenue was up 11.2% compared to the same quarter last year. equities research analysts anticipate that AAC Holdings Inc will post 0.75 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its holdings in shares of AAC by 234.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 10,724 shares of the company’s stock valued at $123,000 after acquiring an additional 7,522 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in shares of AAC during the 1st quarter valued at $247,000. Hancock Holding Co. acquired a new stake in shares of AAC during the 1st quarter valued at $311,000. Dimensional Fund Advisors LP boosted its holdings in shares of AAC by 59.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 51,884 shares of the company’s stock valued at $596,000 after acquiring an additional 19,359 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of AAC by 128.1% during the 2nd quarter. Acadian Asset Management LLC now owns 64,270 shares of the company’s stock valued at $602,000 after acquiring an additional 36,090 shares in the last quarter. 62.21% of the stock is currently owned by institutional investors.

About AAC (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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