AAC Holdings Inc. (NYSE:AAC) shares dropped 1.2% during trading on Thursday . The stock traded as low as $17.67 and last traded at $17.78, with a volume of 180,579 shares traded. The stock had previously closed at $18.00.

AAC has been the topic of several recent research reports. TheStreet raised shares of AAC Holdings from a “sell” rating to a “hold” rating in a report on Thursday, May 5th. Mizuho raised shares of AAC Holdings from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Wednesday, May 25th. Zacks Investment Research raised shares of 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. Citigroup Inc. raised shares of AAC Holdings from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $27.00 to $29.00 in a research note on Monday. They noted that the move was a valuation call. Finally, Raymond James Financial Inc. raised shares of AAC Holdings from an “outperform” rating to a “strong-buy” rating and set a $29.00 price objective on the stock in a research note on Monday. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $27.50.

The firm’s 50 day moving average price is $21.07 and its 200 day moving average price is $20.27. The company has a market cap of $417.14 million and a PE ratio of 96.70.

AAC Holdings (NYSE:AAC) last released its earnings results on Thursday, August 4th. The company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.05. The business had revenue of $71.50 million for the quarter, compared to analysts’ expectations of $67.42 million. The firm’s revenue was up 32.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. Equities research analysts expect that AAC Holdings Inc. will post $0.86 EPS for the current fiscal year.

In other AAC Holdings news, Chairman Michael T. Cartwright sold 24,576 shares of the business’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $23.26, for a total value of $571,637.76. Following the transaction, the chairman now directly owns 3,080,490 shares in the company, valued at $71,652,197.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Jerrod N. Menz sold 59,300 shares of the business’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 owns 2,537,045 shares in the company, valued at $55,003,135.60. 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 shares of AAC Holdings Inc. (NYSE:AAC) by 5.9% during the fourth quarter, according to its most recent 13F filing with the 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 about 0.69% of AAC Holdings worth $2,850,000 at the end of the most recent reporting period.

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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