Shares of AAC Holdings Inc. (NYSE:AAC) traded up 2.4% during trading on Monday . The stock traded as high as $22.88 and last traded at $22.62, with a volume of 61,681 shares traded. The stock had previously closed at $22.10.

AAC has been the subject of a number of research analyst reports. Mizuho reiterated a “buy” rating and issued a $26.00 price target (up previously from $24.00) on shares of AAC Holdings in a report on Monday, July 18th. Zacks Investment Research downgraded shares of AAC Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 11th. TheStreet upgraded shares of AAC Holdings from a “sell” rating to a “hold” rating in a report on Thursday, May 5th. Finally, Avondale Partners reiterated a “market outperform” rating on shares of AAC Holdings in a report on Monday, April 18th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $26.00.

The stock’s 50-day moving average price is $21.49 and its 200 day moving average price is $20.03. The company has a market capitalization of $536.57 million and a price-to-earnings ratio of 55.44.

AAC Holdings (NYSE:AAC) last issued its earnings results on Thursday, May 5th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.05. The company had revenue of $65.30 million for the quarter, compared to the consensus estimate of $59.26 million. During the same quarter last year, the business posted $0.15 EPS. AAC Holdings’s quarterly revenue was up 52.6% on a year-over-year basis. Analysts forecast that AAC Holdings Inc. will post $0.96 earnings per share for the current fiscal year.

In other AAC Holdings news, CEO Michael T. Cartwright sold 24,624 shares of the firm’s stock in a transaction dated Tuesday, July 19th. The stock was sold at an average price of $23.06, for a total transaction of $567,829.44. Following the transaction, the chief executive officer now owns 3,109,911 shares in the company, valued at $71,714,547.66. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Michael T. Cartwright sold 13,519 shares of the firm’s stock in a transaction dated Tuesday, June 28th. The stock was sold at an average price of $21.02, for a total value of $284,169.38. Following the transaction, the chief executive officer now owns 3,180,490 shares in the company, valued at approximately $66,853,899.80. The disclosure for this sale can be found here.

An institutional investor recently raised its position in AAC Holdings stock. Russell Frank Co increased its position in AAC Holdings Inc. (NYSE:AAC) by 5.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 153,638 shares of the company’s stock after buying an additional 8,492 shares during the period. Russell Frank Co owned 0.69% of AAC Holdings worth $2,850,000 as of its most recent SEC filing.

AAC Holdings, Inc is a provider of inpatient substance abuse treatment services for individuals with drug and alcohol addiction. The Company operates approximately seven residential substance abuse treatment facilities and one outpatient substance abuse treatment facility. Its substance abuse treatment facilities are located throughout the United States, focused on delivering clinical care and treatment solutions across its approximately 560 beds, which includes approximately 378 licensed detoxification beds.

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