Stock Buzzer: What’s in AAC Holdings Inc After Today’s Big Decline?

Stock Buzzer: What's in AAC Holdings Inc After Today's Big Decline?

The stock of AAC Holdings Inc (NYSE:AAC) is a huge mover today! The stock decreased 3.72% or $0.29 during the last trading session, hitting $7.51. About 1.25M shares traded hands or 335.72% up from the average. AAC Holdings Inc (NYSE:AAC) has declined 61.21% since April 4, 2016 and is downtrending. It has underperformed by 62.30% the S&P500.
The move comes after 9 months negative chart setup for the $178.00 million company. It was reported on Nov, 4 by Barchart.com. We have $6.53 PT which if reached, will make NYSE:AAC worth $23.14M less.

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 8 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Thursday, November 3 by Mizuho. Mizuho maintained AAC Holdings Inc (NYSE:AAC) on Monday, July 18 with “Buy” rating. The firm has “Neutral” rating given on Monday, August 3 by Mizuho. As per Thursday, November 3, the company rating was downgraded by Raymond James. The stock of AAC Holdings Inc (NYSE:AAC) earned “Buy” rating by Mizuho on Wednesday, May 25. William Blair maintained the stock with “Outperform” rating in Friday, August 21 report. Raymond James upgraded AAC Holdings Inc (NYSE:AAC) on Monday, August 15 to “Strong Buy” rating. The company was maintained on Monday, September 21 by William Blair.

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.
Metropolitan Life Insur Ny, a New York-based fund reported 8,298 shares. Woodmont Inv Counsel Limited Com holds 49,556 shares or 0.34% of its portfolio. Tiaa Cref Investment Mngmt Ltd Llc has 0% invested in the company for 30,561 shares. Bnp Paribas Arbitrage Sa holds 384 shares or 0% of its portfolio. Comml Bank Of America De holds 0% or 355,277 shares in its portfolio. Next Century Growth Investors Ltd Co holds 0.24% or 227,122 shares in its portfolio. Moreover, Manufacturers Life Insur The has 0% invested in AAC Holdings Inc (NYSE:AAC) for 7,510 shares. M&T National Bank last reported 0% of its portfolio in the stock. Swiss Commercial Bank holds 18,300 shares or 0% of its portfolio. Royal Fincl Bank Of Canada last reported 0% of its portfolio in the stock. State Street Corp holds 0% of its portfolio in AAC Holdings Inc (NYSE:AAC) for 123,568 shares. Teacher Retirement Sys Of Texas, a Texas-based fund reported 1,240 shares. Highland Cap Mgmt L P has 0.31% invested in the company for 327,258 shares. Nationwide Fund Advisors has 5,935 shares for 0% of their US portfolio. The Wisconsin-based Cortina Asset Mgmt has invested 1.06% 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 Prnewswire.com with their article: “Johnson & Weaver, LLP Initiates Investigations of TreeHouse Foods, Inc …” published on November 04, 2016, Benzinga.com published: “20 Biggest Mid-Day Losers For Thursday” on November 03, 2016. More interesting news about AAC Holdings Inc (NYSE:AAC) were released by: Businesswire.com and their article: “AAC Holdings to Expand to Louisiana with Acquisition of In-Network Outpatient …” published on December 11, 2015 as well as Bizjournals.com‘s news article titled: “As shares plunge, Brentwood health care CEO discourages overreaction to …” with publication date: 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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