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

A number of research analysts have recently issued reports on AAC shares. TheStreet raised AAC Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, May 5th. Mizuho raised 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 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. upgraded shares of AAC Holdings from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $27.00 to $29.00 in a report on Monday, August 15th. They noted that the move was a valuation call. Finally, Raymond James Financial Inc. upgraded shares of AAC Holdings from an “outperform” rating to a “strong-buy” rating and set a $29.00 target price for the company in a report on Monday, August 15th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. AAC Holdings currently has a consensus rating of “Buy” and an average target price of $27.50.

The firm has a 50 day moving average price of $20.91 and a 200-day moving average price of $20.26. The stock has a market capitalization of $409.79 million and a P/E ratio of 95.00.

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

In other AAC Holdings news, CEO Michael T. Cartwright sold 13,519 shares of the business’s stock in a transaction on Tuesday, June 28th. The shares were sold at an average price of $21.02, for a total value of $284,169.38. Following the sale, the chief executive officer now owns 3,180,490 shares in the company, valued at approximately $66,853,899.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Darrell S. Freeman purchased 2,500 shares of the firm’s stock in a transaction on Friday, August 12th. The stock was bought at an average price of $17.45 per share, for a total transaction of $43,625.00. Following the purchase, the director now owns 113,660 shares in the company, valued at $1,983,367. The disclosure for this purchase can be found here.

An institutional investor recently raised its position in AAC Holdings stock. Russell Frank Co increased its stake in AAC Holdings Inc. (NYSE:AAC) by 5.9% during the fourth quarter, according to its most recent 13F 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 about 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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