Stock Mover of the Day: Could AAC Holdings Inc Go Up After Achieving 52 Week Low?

Stock Mover of the Day: Could AAC Holdings Inc Go Up After Achieving 52 Week Low?

The stock of AAC Holdings Inc (NYSE:AAC) hit a new 52-week low and has $7.68 target or 13.00% below today’s $8.83 share price. The 5 months bearish chart indicates high risk for the $209.28 million company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $7.68 price target is reached, the company will be worth $27.21M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 1.92M shares traded hands or 1028.13% 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. The company was upgraded on Monday, August 15 by Raymond James. On Monday, September 21 the stock rating was maintained by William Blair with “Buy”. The stock of AAC Holdings Inc (NYSE:AAC) has “Outperform” rating given on Friday, August 21 by William Blair. As per Monday, July 18, the company rating was maintained by Mizuho. Mizuho initiated it with “Neutral” rating and $40 target price in Monday, August 3 report. The stock of AAC Holdings Inc (NYSE:AAC) has “Buy” rating given on Wednesday, May 25 by Mizuho.

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.
Us Savings Bank De last reported 1,698 shares in the company. Blackrock Institutional Na holds 0% of its portfolio in AAC Holdings Inc (NYSE:AAC) for 198,747 shares. The Maryland-based Df Dent And Inc has invested 0.68% in AAC Holdings Inc (NYSE:AAC). Natl Bank Of Montreal Can holds 0% of its portfolio in AAC Holdings Inc (NYSE:AAC) for 4,400 shares. American Grp has invested 0% of its portfolio in AAC Holdings Inc (NYSE:AAC). Point72 Asset Management L P accumulated 0.01% or 67,000 shares. Blackrock Invest Mngmt Limited Liability Co has invested 0% of its portfolio in AAC Holdings Inc (NYSE:AAC). Blackrock Advsr Ltd Llc, a Delaware-based fund reported 4,500 shares. Cortina Asset Management Limited holds 1.06% of its portfolio in AAC Holdings Inc (NYSE:AAC) for 1.02 million shares. Schwab Charles Invest Mngmt Inc last reported 22,314 shares in the company. Manufacturers Life Com The holds 0% of its portfolio in AAC Holdings Inc (NYSE:AAC) for 7,510 shares. Geode Mgmt, a Massachusetts-based fund reported 56,517 shares. Ruggie Grp holds 818 shares or 0.02% of its portfolio. Altrinsic Global Advsr Limited Liability Corporation has 0.33% invested in the company for 504,370 shares. Skylands Capital Ltd Liability Com has invested 0.27% of its portfolio in AAC Holdings Inc (NYSE:AAC).

More notable recent AAC Holdings Inc (NYSE:AAC) news were published by: Prnewswire.com which released: “AAC Holdings, Inc. Reports Third Quarter 2016 Results” on November 03, 2016, also Marketwatch.com with their article: “AAC Holdings upgraded to strong buy from outperform at Raymond James” published on April 15, 2011, 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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