AAC Holdings Inc (AAC) Given Consensus Recommendation of “Hold” by Analysts
AAC Holdings Inc (NYSE:AAC) has received an average rating of “Hold” from the six research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $14.00.
Several research analysts have recently weighed in on the company. Zacks Investment Research cut AAC from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. ValuEngine cut AAC from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 30th.
Shares of AAC stock traded up $0.02 during mid-day trading on Friday, hitting $6.92. The company’s stock had a trading volume of 168,469 shares, compared to its average volume of 168,581. AAC has a 52-week low of $6.72 and a 52-week high of $12.96. 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 stock has a market capitalization of $187.67 million, a P/E ratio of 11.53 and a beta of 1.30.
Institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its position in AAC by 234.9% during the first 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 during the last quarter. Hancock Holding Co. purchased a new stake in AAC during the first quarter valued at $311,000. Dimensional Fund Advisors LP increased its position in AAC by 59.5% during the first 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 during the last quarter. JPMorgan Chase & Co. increased its position in AAC by 189.9% during the first quarter. JPMorgan Chase & Co. now owns 61,616 shares of the company’s stock valued at $707,000 after acquiring an additional 40,360 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in AAC by 128.1% during the second 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 during the last quarter. Institutional investors own 62.21% 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.
See Also: Trading Strategy Methods and Types
Receive News & Ratings for AAC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAC and related companies with MarketBeat.com's FREE daily email newsletter.