Shares of AAC Holdings Inc. (NYSE:AAC) saw strong trading volume on Wednesday . 124,609 shares were traded during mid-day trading, an increase of 33% from the previous session’s volume of 93,796 shares.The stock last traded at $23.99 and had previously closed at $22.75.

A number of analysts recently commented on the stock. Mizuho reiterated a “buy” rating and issued a $26.00 target price (up 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $26.00.

The firm has a 50-day moving average of $21.56 and a 200-day moving average of $20.09. The stock has a market cap of $557.92 million and a price-to-earnings ratio of 57.65.

AAC Holdings (NYSE:AAC) last posted its earnings results on Thursday, May 5th. The company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.05. The firm earned $65.30 million during the quarter, compared to the consensus estimate of $59.26 million. During the same period in the previous year, the company posted $0.15 EPS. The firm’s revenue for the quarter was up 52.6% compared to the same quarter last year. On average, analysts predict that AAC Holdings Inc. will post $0.96 EPS for the current year.

In other news, CEO Michael T. Cartwright sold 19,779 shares of the company’s stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $23.06, for a total value of $456,103.74. Following the sale, the chief executive officer now owns 3,109,911 shares of the company’s stock, valued at approximately $71,714,547.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Jerrod N. Menz sold 1,897 shares of the company’s stock in a transaction dated Monday, July 18th. The stock was sold at an average price of $23.05, for a total transaction of $43,725.85. Following the completion of the sale, the insider now directly owns 2,477,745 shares in the company, valued at approximately $57,112,022.25. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in AAC Holdings stock. Russell Frank Co boosted its stake in AAC Holdings Inc. (NYSE:AAC) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,638 shares of the company’s stock after buying an additional 8,492 shares during the period. Russell Frank Co owned approximately 0.69% of AAC Holdings worth $2,850,000 at the end of the most recent quarter.

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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