Live Stock Coverage: After Today’s Significant Increase, Is AAC Holdings Inc’s Near-Term Analysis Positive?

Live Stock Coverage: After Today's Significant Increase, Is AAC Holdings Inc's Near Term Analysis Positive?

The stock of AAC Holdings Inc (NYSE:AAC) is a huge mover today! About 218,948 shares traded hands. AAC Holdings Inc (NYSE:AAC) has declined 53.90% since April 14, 2016 and is downtrending. It has underperformed by 58.59% the S&P500.
The move comes after 5 months positive chart setup for the $227.22M company. It was reported on Nov, 16 by Barchart.com. We have $27.58 PT which if reached, will make NYSE:AAC worth $418.08 million more.

AAC Holdings Inc (NYSE:AAC) Ratings Coverage

Out of 3 analysts covering AAC Holdings Inc (NYSE:AAC), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. AAC Holdings Inc has been the topic of 10 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Mkt Perform” rating by Raymond James given on Thursday, November 3. The stock of AAC Holdings Inc (NYSE:AAC) earned “Buy” rating by William Blair on Monday, September 21. The stock of AAC Holdings Inc (NYSE:AAC) earned “Buy” rating by Mizuho on Wednesday, May 25. The firm has “Neutral” rating by Mizuho given on Thursday, November 3. The rating was maintained by William Blair with “Outperform” on Friday, August 21. The firm has “Buy” rating by Mizuho given on Monday, July 18. Mizuho initiated the shares of AAC in a report on Monday, August 3 with “Neutral” rating. Mizuho upgraded AAC Holdings Inc (NYSE:AAC) rating on Wednesday, November 16. Mizuho has “Neutral” rating and $9 price target. The stock of AAC Holdings Inc (NYSE:AAC) earned “Underperform” rating by Mizuho on Wednesday, November 9. The firm earned “Strong Buy” rating on Monday, August 15 by Raymond James.

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 Q2 2016. Its up 0.20, from 1.84 in 2016Q1. The ratio increased, 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.
Skylands Capital Ltd Limited Liability Company last reported 71,900 shares in the company. Rhumbline Advisers last reported 9,224 shares in the company. Amer Intll Gp Incorporated holds 5,708 shares or 0% of its portfolio. Allianz Asset Mngmt Ag accumulated 259,562 shares or 0% of the stock. Blackrock Group reported 2,291 shares or 0% of all its holdings. Millrace Asset Group Inc has 30,200 shares for 1.12% of their US portfolio. Cubist Systematic Strategies Llc holds 0% or 95 shares in its portfolio. Bnp Paribas Arbitrage reported 384 shares or 0% of all its holdings. Pnc Financial Gru last reported 0% of its portfolio in the stock. M&T National Bank & Trust Corp owns 14,580 shares or 0% of their US portfolio. Ruggie Capital Grp Inc holds 0.02% or 818 shares in its portfolio. Alliancebernstein Limited Partnership accumulated 19,840 shares or 0% of the stock. Nationwide Fund Advsr has invested 0% of its portfolio in AAC Holdings Inc (NYSE:AAC). State Of Tennessee Treasury Department holds 0.01% of its portfolio in AAC Holdings Inc (NYSE:AAC) for 80,000 shares. Blackrock Institutional Na has invested 0% of its portfolio in AAC Holdings Inc (NYSE:AAC).

Another recent and important AAC Holdings Inc (NYSE:AAC) news was published by Prnewswire.com which published an article titled: “AAC Holdings, Inc. Reports Third Quarter 2016 Results” on November 03, 2016.

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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