Insider Buying: AAC Holdings Inc (NYSE:AAC) Director Acquires 51,003 Shares of Stock

AAC Holdings Inc (NYSE:AAC) Director Lucius E. Burch III bought 51,003 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was bought at an average price of $0.81 per share, for a total transaction of $41,312.43. Following the acquisition, the director now directly owns 1,270,482 shares of the company’s stock, valued at approximately $1,029,090.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

AAC stock traded down $0.07 on Friday, hitting $0.67. The company had a trading volume of 2,015 shares, compared to its average volume of 538,920. AAC Holdings Inc has a 12-month low of $0.71 and a 12-month high of $10.68. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 3.37. The stock has a market capitalization of $18.50 million, a P/E ratio of -0.69 and a beta of 2.57.

AAC (NYSE:AAC) last issued its earnings results on Thursday, May 9th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.66). AAC had a negative return on equity of 49.55% and a negative net margin of 26.42%. The company had revenue of $55.37 million during the quarter, compared to analysts’ expectations of $75.16 million. As a group, equities analysts predict that AAC Holdings Inc will post -0.59 earnings per share for the current year.

Several equities research analysts recently issued reports on AAC shares. ValuEngine cut shares of AAC from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Zacks Investment Research cut shares of AAC from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 13th. Finally, Raymond James dropped their target price on shares of AAC from $7.00 to $5.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th.

Several institutional investors have recently modified their holdings of AAC. Royce & Associates LP boosted its stake in shares of AAC by 57.5% during the 4th quarter. Royce & Associates LP now owns 1,542,166 shares of the company’s stock worth $2,159,000 after acquiring an additional 563,308 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of AAC by 146.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 119,471 shares of the company’s stock worth $912,000 after acquiring an additional 70,944 shares during the last quarter. Two Sigma Investments LP purchased a new position in shares of AAC during the 4th quarter worth $49,000. Vanguard Group Inc boosted its stake in shares of AAC by 4.2% during the 3rd quarter. Vanguard Group Inc now owns 634,991 shares of the company’s stock worth $4,845,000 after acquiring an additional 25,737 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of AAC by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 634,991 shares of the company’s stock worth $4,845,000 after acquiring an additional 25,737 shares during the last quarter. Institutional investors and hedge funds own 46.36% of the company’s stock.

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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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