AAC Holdings Inc (NYSE:AAC) Director W Larry Cash Purchases 10,000 Shares

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AAC Holdings Inc (NYSE:AAC) Director W Larry Cash purchased 10,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was bought at an average cost of $1.35 per share, for a total transaction of $13,500.00. Following the acquisition, the director now directly owns 160,908 shares of the company’s stock, valued at approximately $217,225.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of AAC stock traded down $0.04 on Friday, hitting $0.70. 1,410,784 shares of the company traded hands, compared to its average volume of 532,443. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 3.37. AAC Holdings Inc has a 12-month low of $0.62 and a 12-month high of $10.68. The stock has a market cap of $18.80 million, a P/E ratio of -0.66 and a beta of 2.57.

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

Several research analysts have issued reports on AAC shares. ValuEngine raised AAC from a “hold” rating to a “buy” rating in a report on Wednesday, April 3rd. Zacks Investment Research raised AAC from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 20th. Finally, Raymond James dropped their price target on 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 bought and sold shares of the company. Two Sigma Investments LP bought a new stake in AAC in the fourth quarter worth $49,000. Geode Capital Management LLC boosted its holdings in AAC by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 110,394 shares of the company’s stock worth $154,000 after purchasing an additional 4,864 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in AAC in the fourth quarter worth $202,000. Bank of New York Mellon Corp boosted its holdings in AAC by 47.0% in the fourth quarter. Bank of New York Mellon Corp now owns 175,579 shares of the company’s stock worth $246,000 after purchasing an additional 56,108 shares in the last quarter. Finally, Empirical Capital Management LLC bought a new stake in AAC in the fourth quarter worth $402,000. 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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