AAC Holdings Inc (NYSE:AAC) insider Stephen Ebbett purchased 55,549 shares of the stock in a transaction dated Tuesday, June 11th. The stock was purchased at an average price of $0.80 per share, for a total transaction of $44,439.20. Following the completion of the acquisition, the insider now directly owns 65,549 shares in the company, valued at approximately $52,439.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
NYSE AAC traded down $0.03 on Tuesday, hitting $0.79. The company had a trading volume of 446,769 shares, compared to its average volume of 291,385. The firm has a market cap of $23.27 million, a PE ratio of -0.75 and a beta of 2.58. 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 Holdings Inc has a 12-month low of $0.78 and a 12-month high of $10.68.
AAC (NYSE:AAC) last announced its earnings results on Thursday, May 9th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.66). The business had revenue of $55.37 million for the quarter, compared to analyst estimates of $75.16 million. AAC had a negative return on equity of 39.45% and a negative net margin of 26.42%. On average, equities analysts predict that AAC Holdings Inc will post -0.59 EPS for the current fiscal year.
A number of research firms have recently weighed in on AAC. ValuEngine upgraded shares of AAC from a “sell” rating to a “hold” rating in a report on Saturday, June 1st. Zacks Investment Research upgraded shares of AAC from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 20th. Finally, Raymond James lowered their target price on shares of AAC from $7.00 to $5.00 and set an “outperform” rating for the company in a research note on Thursday, April 18th.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Royce & Associates LP increased its stake in shares of AAC by 20.8% during the first quarter. Royce & Associates LP now owns 1,862,185 shares of the company’s stock worth $3,426,000 after buying an additional 320,019 shares during the period. BlackRock Inc. increased its stake in AAC by 0.9% in the fourth quarter. BlackRock Inc. now owns 801,766 shares of the company’s stock valued at $1,123,000 after purchasing an additional 7,340 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of AAC by 4.2% in the third quarter. Vanguard Group Inc now owns 634,991 shares of the company’s stock valued at $4,845,000 after acquiring an additional 25,737 shares during the period. Vanguard Group Inc. boosted its holdings in shares of AAC by 4.2% in the third quarter. Vanguard Group Inc. now owns 634,991 shares of the company’s stock valued at $4,845,000 after acquiring an additional 25,737 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of AAC by 1.3% in the fourth quarter. Bank of America Corp DE now owns 338,166 shares of the company’s stock valued at $473,000 after acquiring an additional 4,345 shares during the period. 46.36% of the stock is currently owned by institutional investors.
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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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