AAC Holdings Inc (NYSE:AAC)’s share price dropped 3.6% during trading on Thursday . The company traded as low as $22.61 and last traded at $22.67, with a volume of 117,315 shares. The stock had previously closed at $23.52.

AAC has been the topic of a number of recent analyst reports. Zacks Investment Research raised AAC Holdings from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective on the stock in a research note on Wednesday, July 6th. Mizuho reissued a “buy” rating and issued a $26.00 price objective (up previously from $24.00) on shares of AAC Holdings in a research note on Monday, July 18th. TheStreet raised AAC Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, May 5th. Finally, Avondale Partners reissued a “market outperform” rating on shares of AAC Holdings in a research note on Monday, April 18th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $26.00.

The stock has a market capitalization of $535.86 million and a P/E ratio of 55.37. The firm has a 50 day moving average price of $21.59 and a 200-day moving average price of $20.11.

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

In other AAC Holdings news, CEO Michael T. Cartwright sold 13,519 shares of the firm’s stock in a transaction on Tuesday, June 28th. The stock was sold at an average price of $21.02, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael T. Cartwright sold 86,481 shares of the firm’s stock in a transaction on Thursday, June 9th. The stock was sold at an average price of $21.54, for a total value of $1,862,800.74. Following the transaction, the chief executive officer now owns 3,224,140 shares in the company, valued at approximately $69,447,975.60. The disclosure for this sale can be found here.

A hedge fund recently raised its stake 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 13F filing with the Securities and Exchange Commission (SEC). The fund 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 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 through substance abuse/behavioral healthcare treatment services segment. The Company operates approximately nine residential substance abuse treatment facilities located throughout the United States, focused on delivering clinical care and treatment solutions across approximately 900 beds, which includes approximately 480 licensed detoxification beds.

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