Shares of AAC Holdings Inc. (NYSE:AAC) traded up 7.3% during mid-day trading on Monday . The company traded as high as $21.45 and last traded at $18.61, with a volume of 456,850 shares changing hands. The stock had previously closed at $17.35.

A number of analysts recently issued reports on the company. Raymond James Financial Inc. raised AAC Holdings from an “outperform” rating to a “strong-buy” rating in a research report on Monday. Citigroup Inc. raised AAC Holdings from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $27.00 to $29.00 in a research report on Monday. They noted that the move was a valuation call. Mizuho reissued a “buy” rating and set a $26.00 price target (up previously from $24.00) on shares of AAC Holdings in a research report on Monday, July 18th. Zacks Investment Research downgraded AAC Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 11th. Finally, TheStreet raised AAC Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, May 5th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. AAC Holdings has a consensus rating of “Buy” and a consensus price target of $27.00.

The firm has a 50-day moving average price of $21.40 and a 200 day moving average price of $20.28. The firm has a market cap of $439.65 million and a PE ratio of 101.92.

AAC Holdings (NYSE:AAC) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.05. The company had revenue of $71.50 million for the quarter, compared to analyst estimates of $67.42 million. During the same quarter last year, the firm posted $0.26 earnings per share. The business’s quarterly revenue was up 32.9% compared to the same quarter last year. On average, analysts forecast that AAC Holdings Inc. will post $0.86 EPS for the current year.

In related news, CEO Michael T. Cartwright sold 13,519 shares of the firm’s stock in a transaction dated Tuesday, June 28th. The shares were 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 of the company’s stock, valued at approximately $66,853,899.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Jerrod N. Menz sold 59,300 shares of the firm’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $21.68, for a total transaction of $1,285,624.00. Following the completion of the transaction, the insider now directly owns 2,537,045 shares in the company, valued at approximately $55,003,135.60. The disclosure for this sale can be found here.

An institutional investor recently raised its position 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 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 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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