Raymond James downgraded shares of AAC (NYSE:AAC) from an outperform rating to a market perform rating in a research report report published on Tuesday morning, BenzingaRatingsTable reports.
Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of AAC from a strong sell rating to a hold rating in a report on Tuesday, June 18th. ValuEngine upgraded shares of AAC from a hold rating to a buy rating in a report on Thursday, August 1st.
Shares of AAC stock opened at $0.60 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. AAC has a 52-week low of $0.50 and a 52-week high of $10.27. The company’s 50 day moving average price is $0.97 and its 200-day moving average price is $1.65.
A number of institutional investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new position in shares of AAC in the second quarter worth approximately $55,000. Paloma Partners Management Co bought a new position in shares of AAC in the second quarter worth approximately $51,000. Vanguard Group Inc. grew its holdings in shares of AAC by 422.5% in the second quarter. Vanguard Group Inc. now owns 1,346,705 shares of the company’s stock worth $1,158,000 after purchasing an additional 1,088,971 shares during the last quarter. Mondrian Investment Partners LTD boosted its holdings in AAC by 77.8% in the second quarter. Mondrian Investment Partners LTD now owns 1,122,132 shares of the company’s stock valued at $965,000 after acquiring an additional 490,906 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in AAC by 280.7% in the second quarter. GSA Capital Partners LLP now owns 373,458 shares of the company’s stock valued at $321,000 after acquiring an additional 275,358 shares in the last quarter. 40.64% of the stock is owned by institutional investors and hedge funds.
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.
Recommended Story: How do candlesticks reflect price movement?
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.