BlackRock Inc. Has $147,000 Holdings in AAC Holdings Inc (NYSE:AAC)

BlackRock Inc. decreased its position in AAC Holdings Inc (NYSE:AAC) by 77.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 172,058 shares of the company’s stock after selling 602,521 shares during the period. BlackRock Inc. owned approximately 0.68% of AAC worth $147,000 at the end of the most recent quarter.

Separately, Mondrian Investment Partners LTD lifted its position in AAC by 77.8% in the 2nd quarter. Mondrian Investment Partners LTD now owns 1,122,132 shares of the company’s stock valued at $965,000 after acquiring an additional 490,906 shares in the last quarter. Hedge funds and other institutional investors own 32.40% of the company’s stock.

AAC opened at $0.48 on Friday. The firm’s fifty day simple moving average is $0.54 and its 200 day simple moving average is $0.90. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 79.71. AAC Holdings Inc has a 12 month low of $0.32 and a 12 month high of $6.90. The stock has a market capitalization of $12.11 million, a P/E ratio of -0.45 and a beta of 2.55.

AAC (NYSE:AAC) last issued its quarterly earnings results on Friday, August 30th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.40). AAC had a negative return on equity of 117.29% and a negative net margin of 34.21%. The business had revenue of $62.72 million for the quarter, compared to the consensus estimate of $71.40 million. On average, equities research analysts predict that AAC Holdings Inc will post -1.76 EPS for the current fiscal year.

Several equities research analysts recently commented on the stock. ValuEngine raised shares of AAC from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Raymond James cut shares of AAC from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 13th. Finally, Zacks Investment Research cut shares of AAC from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th.

About AAC

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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Institutional Ownership by Quarter for AAC (NYSE:AAC)

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