Short Interest to Follow: How Analysts Feel About Aac Holdings Incorporated (NYSE:AAC) After Increase in Sellers?

November 23, 2016 - By kentuckypostne   ·   0 Comments

Short Interest to Follow: How Analysts Feel About Aac Holdings Incorporated (NYSE:AAC) After Increase in Sellers?

The stock of Aac Holdings Incorporated (NYSE:AAC) registered an increase of 3.23% in short interest. AAC’s total short interest was 5.08 million shares in November as published by FINRA. Its up 3.23% from 4.92M shares, reported previously. With 184,100 shares average volume, it will take short sellers 28 days to cover their AAC’s short positions. The short interest to Aac Holdings Incorporated’s float is 57.19%. The stock increased 1.95% or $0.18 during the last trading session, hitting $9.43. AAC Holdings Inc (NYSE:AAC) has declined 53.11% since April 21, 2016 and is downtrending. It has underperformed by 58.44% the S&P500.

AAC Holdings, Inc. is a provider of inpatient and outpatient substance abuse treatment services for individuals with drug and alcohol addiction. The company has a market cap of $204.34 million. The Firm performs drug testing and diagnostics laboratory services and provides physician services to its clients. It currently has negative earnings. 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.

Insitutional Activity: The institutional sentiment decreased to 1.79 in 2016 Q2. Its down 0.25, from 2.04 in 2016Q1. The ratio is negative, 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.
Blackrock last reported 604 shares in the company. Allianz Asset Management Ag last reported 0% of its portfolio in the stock. The Florida-based Raymond James Associate has invested 0% in AAC Holdings Inc (NYSE:AAC). Royal Bancorporation Of Canada, a Ontario – Canada-based fund reported 1,992 shares. Prudential Inc, a New Jersey-based fund reported 16,893 shares. Gilder Gagnon Howe Limited Liability reported 728,439 shares or 0.33% of all its holdings. Legal & General Grp Inc Pcl last reported 384 shares in the company. Df Dent Co Incorporated accumulated 1.06 million shares or 0.68% of the stock. Nationwide Fund Advsr has 5,935 shares for 0% of their US portfolio. Ameriprise Financial Incorporated has invested 0% of its portfolio in AAC Holdings Inc (NYSE:AAC). The Connecticut-based Everpoint Asset has invested 0.09% in AAC Holdings Inc (NYSE:AAC). Geode Capital Mgmt Limited Com accumulated 56,517 shares or 0% of the stock. Stephens Invest Mngmt Gru Limited Liability Co last reported 0.64% of its portfolio in the stock. Lombardia Limited Liability Company last reported 26,811 shares in the company. Swiss Bank & Trust has invested 0% of its portfolio in AAC Holdings Inc (NYSE:AAC).

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. $40 is the highest target while $6.0 is the lowest. The $9 average target is -4.56% below today’s ($9.43) stock price. AAC Holdings Inc has been the topic of 10 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Mizuho initiated AAC Holdings Inc (NYSE:AAC) on Monday, August 3 with “Neutral” rating. Mizuho maintained the shares of AAC in a report on Monday, July 18 with “Buy” rating. Raymond James upgraded AAC Holdings Inc (NYSE:AAC) on Monday, August 15 to “Strong Buy” rating. As per Friday, August 21, the company rating was maintained by William Blair. The stock of AAC Holdings Inc (NYSE:AAC) has “Mkt Perform” rating given on Thursday, November 3 by Raymond James. The rating was maintained by William Blair on Monday, September 21 with “Buy”. The firm has “Underperform” rating by Mizuho given on Wednesday, November 9. Mizuho downgraded the shares of AAC in a report on Thursday, November 3 to “Neutral” rating. The company was upgraded on Wednesday, May 25 by Mizuho. The company was upgraded on Wednesday, November 16 by Mizuho.

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.

Another recent and important AAC Holdings Inc (NYSE:AAC) news was published by Prnewswire.com which published an article titled: “AAC Holdings, Inc. Reports Third Quarter 2016 Results” on November 03, 2016.

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