The stock is trading at $7.92 significantly lower than $9.37, the 50 day moving average and a tad under the 200 day moving average of $7.93. The 50 day moving average was down $-1.45 or -15.50% and the 200 day average moved down $-0.01. Trading volume for AAC Holdings, Inc. was 143K in the last trading session. Volume was up 17.58% over the stocks average daily volume.
Traders are feeling more bearish on AAC Holdings, Inc. of late if you watch the change in short interest. The stock saw a rise in short interest from September 29, 2017 to October 13, 2017 of 2.28%. Short shares increased 68,903 over that timeframe. With short interest at 3,089,439 and short average daily volume at 132,558, the short-interest ratio is 23.0 and the short interest percentage is 0.13% as of October 13.
A few notable investment firms have updated their holdings. Lombardia Capital Partners LLC cut its position by shedding 11,481 shares a decrease of 14.5% in the quarter. Lombardia Capital Partners LLC now holds 67,924 shares with a value of $579,000. The value of the position overall is up by 0.7%. Cutler Group LP augmented its investment by buying 1,000 shares an increase of 55.6%. Cutler Group LP currently owns 2,800 shares worth $1,000. The total value of its holdings decreased 91.7%.
Nationwide Fund Advisors reduced its holdings by selling 28,479 shares a decrease of 82.8% from 06/30/2017 to 09/30/2017. Nationwide Fund Advisors now controls 5,935 shares valued at $59,000. The value of the position overall is down by 75.2%. Simplex Trading, LLC downsized its stake by shedding 8,684 shares a decrease of 94.7% as of 09/30/2017. Simplex Trading, LLC claims 482 shares valued at $4,000. The total value of its holdings decreased 93.7%.
On August 10 analysts at Cantor Fitzgerald initiated coverage on AAC giving it an initial rating of “Overweight”. On September 14 Cantor Fitzgerald left the stock rating at “Overweight” but moved up the price target to $14.00 from $11.00.
As of the last earnings report the EPS was $-0.20 and is expected to be $0.51 for the current year with 24,060,000 shares outstanding. Next quarter’s EPS is expected be $0.07 and the next full year EPS is anticipated to be $0.55.
AAC Holdings, Inc., launched on February 12, 2014, is a provider of inpatient and outpatient substance abuse treatment services for individuals with drug and alcohol addiction. The Company 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 Business’s capacity at its Forterus treatment facility was 14 beds. The Company is involved in deploying research-based treatment programs with structured curricula for detoxification, residential treatment, partial hospitalization and intensive outpatient care..