Should Investors Be Selling AAC Holdings (NASDAQ:AAC) Stock Following Today’s Raymond James Downgrade?

AAC Holdings, Inc. (NYSE:AAC) Logo

Investors sentiment decreased to 0.67 in 2019 Q1. Its down 0.09, from 0.76 in 2018Q4. It fall, as 9 investors sold AAC Holdings, Inc. shares while 18 reduced holdings. 5 funds opened positions while 13 raised stakes. 11.37 million shares or 1.40% less from 11.53 million shares in 2018Q4 were reported.

125,729 are held by Raymond James Svcs Advsrs. The New York-based Spark Inv Mngmt Limited Liability Company has invested 0% in AAC Holdings, Inc. (NYSE:AAC). Parametric Portfolio Assoc Llc reported 0% of its portfolio in AAC Holdings, Inc. (NYSE:AAC). Texas-based Bridgeway Capital Mgmt has invested 0% in AAC Holdings, Inc. (NYSE:AAC). Invesco invested in 81,228 shares. Apollo Management Limited Partnership has 306,065 shares. Northern Corporation stated it has 0% in AAC Holdings, Inc. (NYSE:AAC). Ameritas Inv Prtnrs invested 0% in AAC Holdings, Inc. (NYSE:AAC). Deutsche Bancorporation Ag reported 0% of its portfolio in AAC Holdings, Inc. (NYSE:AAC). Moreover, Goldman Sachs Gp Inc has 0% invested in AAC Holdings, Inc. (NYSE:AAC). Rhumbline Advisers invested in 0% or 16,816 shares. Gsa Prtnrs Limited Liability Partnership holds 0.02% or 98,100 shares in its portfolio. Charles Schwab Invest Mgmt Inc has invested 0% of its portfolio in AAC Holdings, Inc. (NYSE:AAC). Bank & Trust Of America De invested in 0% or 332,581 shares. Massmutual Tru Com Fsb Adv holds 0% or 3,486 shares in its portfolio.

AAC Holdings (NASDAQ:AAC) Receives a Downgrade

In analysts report sent to investors on Tuesday morning, Raymond James decreased shares of AAC Holdings (NASDAQ:AAC) to a lower Mkt Perform rating from the previous Outperform rating.

The stock decreased 3.48% or $0.0285 during the last trading session, reaching $0.7901. About 25,826 shares traded. AAC Holdings, Inc. (NASDAQ:AAC) has declined 90.61% since August 13, 2018 and is downtrending. It has underperformed by 90.61% the S&P500.

AAC Holdings, Inc. provides inpatient substance abuse treatment services for individuals with drug and alcohol addiction in the United States. The company has market cap of $19.99 million. The Company’s 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 services. It currently has negative earnings. As of December 31, 2016, the firm operated 12 residential substance abuse treatment facilities, 18 standalone outpatient centers, and 202 sober living beds.

More notable recent AAC Holdings, Inc. (NYSE:AAC) news were published by: Prnewswire.com which released: “AAC Holdings, Inc. Receives NYSE Continued Listing Standard Notice – PRNewswire” on April 09, 2019, also Seekingalpha.com with their article: “An SEC Investigation At AAC Holdings, Previously Undisclosed, Now Appears To Be Expanding – Seeking Alpha” published on December 24, 2018, Prnewswire.com published: “The Science Behind The 2030 Vision for American Addiction Centers and How it will Revolutionize The Treatment of Addiction – PRNewswire” on May 30, 2019. More interesting news about AAC Holdings, Inc. (NYSE:AAC) were released by: Finance.Yahoo.com and their article: “AAC Announces Engagement of Cantor Fitzgerald & Co. to Lead Transaction Process – Yahoo Finance” published on June 03, 2019 as well as Seekingalpha.com‘s news article titled: “AAC Holdings, Inc.’s (AAC) CEO Michael Cartwright on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” with publication date: April 16, 2019.

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