AAC Holdings Inc. (NYSE:AAC) shares traded down 2.2% during trading on Wednesday . The stock traded as low as $18.11 and last traded at $18.34, with a volume of 57,378 shares traded. The stock had previously closed at $18.76.

Several research analysts have commented on the company. Raymond James Financial Inc. raised AAC Holdings from an “outperform” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a research report on Monday, August 15th. Citigroup Inc. raised AAC Holdings from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $27.00 to $29.00 in a research report on Monday, August 15th. They noted that the move was a valuation call. Mizuho reissued a “buy” rating and set a $26.00 price objective (up previously from $24.00) on shares of AAC Holdings in a report on Monday, July 18th. Zacks Investment Research lowered AAC Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 11th. Finally, TheStreet raised AAC Holdings from a “sell” rating to a “hold” rating in a report on Thursday, May 5th. Two investment 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 presently has an average rating of “Buy” and an average price target of $27.50.

The company has a market capitalization of $437.28 million and a PE ratio of 101.37. The company’s 50-day moving average is $20.72 and its 200 day moving average is $20.28.

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

In other news, major shareholder Jerrod N. Menz sold 59,300 shares of AAC Holdings stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $21.68, for a total value of $1,285,624.00. Following the completion of the transaction, the insider now directly owns 2,537,045 shares of the company’s stock, valued at approximately $55,003,135.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Darrell S. Freeman acquired 2,500 shares of the stock in a transaction dated Friday, August 12th. The stock was acquired at an average cost of $17.45 per share, with a total value of $43,625.00. Following the completion of the transaction, the director now owns 113,660 shares in the company, valued at approximately $1,983,367. The disclosure for this purchase can be found here.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.