A number of other research analysts have also issued reports on the stock. Zacks Investment Research raised shares of AAC from a strong sell rating to a hold rating in a research note on Tuesday, June 18th. Raymond James lowered shares of AAC from an outperform rating to a market perform rating in a research note on Tuesday, August 13th.
AAC stock opened at $0.65 on Friday. 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 firm has a 50-day moving average price of $0.96 and a two-hundred day moving average price of $1.63. The firm has a market capitalization of $15.66 million, a price-to-earnings ratio of -0.61 and a beta of 2.43. AAC has a 52-week low of $0.50 and a 52-week high of $10.00.
Hedge funds have recently added to or reduced their stakes in the business. Two Sigma Investments LP bought a new stake in shares of AAC during the 4th quarter worth about $49,000. Paloma Partners Management Co bought a new stake in shares of AAC during the 2nd quarter worth about $51,000. Jane Street Group LLC bought a new stake in shares of AAC during the 2nd quarter worth about $55,000. Geode Capital Management LLC raised its position in shares of AAC by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 110,394 shares of the company’s stock worth $154,000 after buying an additional 4,864 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of AAC by 47.0% during the 4th quarter. Bank of New York Mellon Corp now owns 175,579 shares of the company’s stock worth $246,000 after buying an additional 56,108 shares in the last quarter. Institutional investors own 39.20% 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.
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