Insider Buying: AAC Holdings Inc (AAC) Director Purchases 10,000 Shares of Stock

AAC Holdings Inc (NYSE:AAC) Director W Larry Cash purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were purchased at an average cost of $1.35 per share, with a total value of $13,500.00. Following the completion of the acquisition, the director now directly owns 160,908 shares of the company’s stock, valued at $217,225.80. The transaction was disclosed in a document filed with the SEC, which is available at this link.

AAC stock traded down $0.18 during mid-day trading on Friday, reaching $1.12. The company had a trading volume of 10,132 shares, compared to its average volume of 261,721. AAC Holdings Inc has a 1 year low of $1.06 and a 1 year high of $11.88. 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 cap of $32.39 million, a PE ratio of -1.11 and a beta of 2.30.

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 Zacks’ 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 during the quarter, compared to analysts’ expectations of $75.16 million. On average, sell-side analysts forecast that AAC Holdings Inc will post -0.59 EPS for the current fiscal year.

A number of brokerages have issued reports on AAC. ValuEngine raised shares of AAC from a “sell” rating to a “hold” rating in a report on Thursday, May 9th. Zacks Investment Research cut shares of AAC from a “hold” rating to a “strong sell” rating in a report on Friday, April 19th. Finally, Raymond James dropped their target price on shares of AAC from $7.00 to $5.00 and set an “outperform” rating for the company in a report on Thursday, April 18th.

A number of institutional investors have recently modified their holdings of AAC. Two Sigma Investments LP purchased a new position in AAC in the fourth quarter valued at about $49,000. Geode Capital Management LLC grew its position in shares of AAC by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 110,394 shares of the company’s stock valued at $154,000 after purchasing an additional 4,864 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of AAC in the fourth quarter valued at approximately $202,000. Bank of New York Mellon Corp grew its position in shares of AAC by 47.0% in the fourth quarter. Bank of New York Mellon Corp now owns 175,579 shares of the company’s stock valued at $246,000 after purchasing an additional 56,108 shares during the last quarter. Finally, Empirical Capital Management LLC acquired a new stake in shares of AAC in the fourth quarter valued at approximately $402,000. 46.98% of the stock is owned by institutional investors.

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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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