AAC (AAC) Downgraded by Zacks Investment Research

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AAC (NYSE:AAC) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday.

According to Zacks, “AAC Holdings, Inc. is a provider of inpatient substance abuse treatment services for individuals with drug and alcohol addiction. It provides detoxification, residential treatment, partial hospitalization, and intensive outpatient care services. AAC Holdings, Inc. is headquartered in Brentwood, Tennessee. “

Separately, ValuEngine cut AAC from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 22nd.

NYSE AAC traded down $0.05 on Wednesday, hitting $2.75. 5,021 shares of the company were exchanged, compared to its average volume of 277,706. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 2.58. The company has a market cap of $57.32 million, a PE ratio of 4.58 and a beta of 2.44. AAC has a twelve month low of $1.33 and a twelve month high of $12.96.

Several hedge funds and other institutional investors have recently made changes to their positions in AAC. Royce & Associates LP boosted its position in AAC by 57.5% during the fourth quarter. Royce & Associates LP now owns 1,542,166 shares of the company’s stock worth $2,159,000 after purchasing an additional 563,308 shares during the period. Morgan Stanley boosted its position in AAC by 5.7% during the third quarter. Morgan Stanley now owns 1,495,158 shares of the company’s stock worth $11,408,000 after purchasing an additional 80,865 shares during the period. BlackRock Inc. boosted its position in AAC by 0.9% during the fourth quarter. BlackRock Inc. now owns 801,766 shares of the company’s stock worth $1,123,000 after purchasing an additional 7,340 shares during the period. Vanguard Group Inc. boosted its position in AAC by 4.2% during the third quarter. Vanguard Group Inc. now owns 634,991 shares of the company’s stock worth $4,845,000 after purchasing an additional 25,737 shares during the period. Finally, Vanguard Group Inc boosted its position in AAC by 4.2% during the third quarter. Vanguard Group Inc now owns 634,991 shares of the company’s stock worth $4,845,000 after purchasing an additional 25,737 shares during the period. 56.97% 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.

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