The stock of AAC Holdings Inc (NYSE:AAC) reached all time low today, Nov, 3 and still has $7.05 target or 12.00% below today’s $8.01 share price. This indicates more downside for the $189.85M company. This technical setup was reported by Barchart.com. If the $7.05 PT is reached, the company will be worth $22.78 million 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. About 2.90M shares traded hands or 1603.95% up from the average. AAC Holdings Inc (NYSE:AAC) has declined 21.99% since April 1, 2016 and is downtrending. It has underperformed by 23.21% the S&P500.
AAC Holdings Inc (NYSE:AAC) Ratings Coverage
Out of 3 analysts covering AAC Holdings Inc (NYSE:AAC), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. AAC Holdings Inc has been the topic of 6 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Mizuho upgraded AAC Holdings Inc (NYSE:AAC) on Wednesday, May 25 to “Buy” rating. As per Monday, August 3, the company rating was initiated by Mizuho. The rating was maintained by Mizuho with “Buy” on Monday, July 18. The firm has “Outperform” rating given on Friday, August 21 by William Blair. Raymond James upgraded the stock to “Strong Buy” rating in Monday, August 15 report. The rating was maintained by William Blair with “Buy” on Monday, September 21.
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 is positive, 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.
Moreover, Blackrock has 0% invested in AAC Holdings Inc (NYSE:AAC) for 2,291 shares. Kennedy Capital Management reported 71,819 shares or 0.03% of all its holdings. Wells Fargo & Communications Mn last reported 0% of its portfolio in the stock. Comml Bank Of America Corp De last reported 0% of its portfolio in the stock. Moreover, Everpoint Asset Limited Liability Company has 0.09% invested in AAC Holdings Inc (NYSE:AAC) for 200,000 shares. State Street accumulated 0% or 123,568 shares. Blackrock owns 604 shares or 0% of their US portfolio. Ruggie Capital Grp has 818 shares for 0.02% of their US portfolio. The New York-based Fincl Bank Of New York Mellon Corp has invested 0% in AAC Holdings Inc (NYSE:AAC). Cubist Systematic Strategies Ltd Liability holds 0% of its portfolio in AAC Holdings Inc (NYSE:AAC) for 95 shares. Moreover, Blackrock Investment Mngmt Limited Co has 0% invested in AAC Holdings Inc (NYSE:AAC) for 37,692 shares. Df Dent last reported 0.68% of its portfolio in the stock. Morgan Stanley accumulated 0% or 1,914 shares. Vanguard Gru last reported 356,003 shares in the company. The Tennessee-based State Of Tennessee Treasury Department has invested 0.01% in AAC Holdings Inc (NYSE:AAC).
More notable recent AAC Holdings Inc (NYSE:AAC) news were published by: Benzinga.com which released: “20 Biggest Mid-Day Losers For Thursday” on November 03, 2016, also Valuewalk.com with their article: “American Addiction Centers: Why It Pays To Do Your Due Diligence” published on November 03, 2016, Businesswire.com published: “AAC Holdings to Expand to Louisiana with Acquisition of In-Network Outpatient …” on December 11, 2015. More interesting news about AAC Holdings Inc (NYSE:AAC) were released by: Businesswire.com and their article: “AAC Holdings, Inc. Reports Third Quarter 2015 Results” published on October 27, 2015 as well as Businesswire.com‘s news article titled: “AAC Holdings, Inc. Issues Statement on California Department of Justice Actions” with publication date: July 29, 2015.
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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