The stock of AAC Holdings Inc (NYSE:AAC) reached all time low today, Nov, 9 and still has $6.20 target or 12.00% below today’s $7.04 share price. This indicates more downside for the $153.68M company. This technical setup was reported by Barchart.com. If the $6.20 PT is reached, the company will be worth $18.44M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock increased 0.57% or $0.04 during the last trading session, hitting $7.04. About 842,296 shares traded hands or 138.46% up from the average. AAC Holdings Inc (NYSE:AAC) has declined 63.20% since April 7, 2016 and is downtrending. It has underperformed by 67.98% the S&P500.
AAC Holdings Inc (NYSE:AAC) Ratings Coverage
Out of 3 analysts covering AAC Holdings Inc (NYSE:AAC), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. AAC Holdings Inc has been the topic of 9 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of AAC Holdings Inc (NYSE:AAC) has “Strong Buy” rating given on Monday, August 15 by Raymond James. William Blair maintained the shares of AAC in a report on Monday, September 21 with “Buy” rating. Mizuho downgraded the shares of AAC in a report on Wednesday, November 9 to “Underperform” rating. The stock has “Outperform” rating given by William Blair on Friday, August 21. On Wednesday, May 25 the stock rating was upgraded by Mizuho to “Buy”. The company was downgraded on Thursday, November 3 by Mizuho. The company was downgraded on Thursday, November 3 by Raymond James. The firm has “Neutral” rating given on Monday, August 3 by Mizuho. The firm has “Buy” rating by Mizuho given on Monday, July 18.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 2.04 in 2016 Q2. Its up 0.20, from 1.84 in 2016Q1. The ratio improved, as 12 funds sold all AAC Holdings Inc shares owned while 11 reduced positions. 13 funds bought stakes while 34 increased positions. They now own 11.87 million shares or 2.63% more from 11.56 million shares in 2016Q1.
Blackrock Advsrs Lc holds 4,500 shares or 0% of its portfolio. Wells Fargo & Co Mn reported 341,997 shares or 0% of all its holdings. Blackrock Institutional Tru Na last reported 0% of its portfolio in the stock. Ruggie Capital Grp has invested 0.02% of its portfolio in AAC Holdings Inc (NYSE:AAC). Us Bank De holds 0% or 1,698 shares in its portfolio. Vanguard Gp has 0% invested in the company for 356,003 shares. Stephens Investment Management Group Llc holds 847,985 shares or 0.64% of its portfolio. The New York-based Morgan Stanley has invested 0% in AAC Holdings Inc (NYSE:AAC). The New York-based Bnp Paribas Arbitrage Sa has invested 0% in AAC Holdings Inc (NYSE:AAC). Lombardia Cap Prtnrs Ltd Company has 0.04% invested in the company for 26,811 shares. Blackrock Fund, a California-based fund reported 258,127 shares. Moreover, Tiaa Cref Investment Mngmt Ltd Llc has 0% invested in AAC Holdings Inc (NYSE:AAC) for 30,561 shares. Schwab Charles Invest Incorporated accumulated 0% or 22,314 shares. National Bank Of America De reported 355,277 shares or 0% of all its holdings. Legal & General Gru Plc accumulated 384 shares or 0% of the stock.
More news for AAC Holdings Inc (NYSE:AAC) were recently published by: Fool.com, which released: “Here’s Why AAC Holdings Lost Over Half Its Value Today” on November 03, 2016. Businesswire.com‘s article titled: “AAC Holdings to Expand to Louisiana with Acquisition of In-Network Outpatient …” and published on December 11, 2015 is yet another important article.
AAC Company Profile
AAC Holdings, Inc., incorporated on February 12, 2014, is a well-known provider of inpatient and outpatient substance abuse treatment services for individuals with drug and alcohol addiction. The Firm performs drug testing and diagnostics laboratory services and provides physician services to its clients. As of June 30, 2016, the Company operated 12 residential substance abuse treatment facilities located throughout the United States, focused on delivering clinical care and treatment solutions across 1,139 beds, which includes 636 licensed detoxification beds, and 18 standalone outpatient centers. In addition, the Company focuses on expanding The Oxford Centre facility to accommodate 44 additional residential beds and 48 sober living beds, converting a 100-room hotel in Arlington, Texas into sober living beds. As of June 30, 2016, the Company had begun the development of a 150-bed residential treatment center at the site of a former convent on 96 acres in Ringwood, New Jersey. As of June 30, 2016, the Company’s capacity at its Forterus treatment facility was 14 beds. The Firm is engaged in deploying research treatment programs with structured curricula for detoxification, residential treatment, partial hospitalization and intensive outpatient care.
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