AAC Holdings Inc. (AAC) Trading 1.9% Higher
AAC Holdings Inc. (NYSE:AAC) traded up 1.9% during trading on Monday . The company traded as high as $17.73 and last traded at $17.61, with a volume of 50,061 shares. The stock had previously closed at $17.29.
A number of equities research analysts have commented on the stock. Raymond James Financial Inc. upgraded shares of AAC Holdings from an “outperform” rating to a “strong-buy” rating and set a $29.00 price target for the company in a report on Monday, August 15th. Citigroup Inc. upgraded shares of AAC Holdings from an “outperform” rating to a “strong-buy” rating and raised their price target 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. Mizuho restated a “buy” rating and issued a $26.00 price target (up from $24.00) on shares of AAC Holdings in a report on Monday, July 18th. Zacks Investment Research cut shares of AAC Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 11th. Finally, TheStreet upgraded shares of AAC Holdings from a “sell” rating to a “hold” rating in a report on Thursday, May 5th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $27.50.
The firm’s 50-day moving average price is $20.72 and its 200-day moving average price is $20.28. The firm has a market cap of $433.49 million and a PE ratio of 100.49.
AAC Holdings (NYSE:AAC) last announced its quarterly earnings data 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 firm had revenue of $71.50 million for the quarter, compared to analysts’ expectations of $67.42 million. The business’s revenue was up 32.9% on a year-over-year basis. During the same period last year, the firm posted $0.26 EPS. On average, equities research analysts anticipate that AAC Holdings Inc. will post $0.86 EPS for the current fiscal year.
In other news, major shareholder Jerrod N. Menz sold 1,897 shares of the business’s stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $23.05, for a total value of $43,725.85. Following the completion of the sale, the insider now directly owns 2,477,745 shares in the company, valued at approximately $57,112,022.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael T. Cartwright sold 86,481 shares of the business’s stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of $21.54, for a total transaction of $1,862,800.74. Following the completion of the sale, the chief executive officer now owns 3,224,140 shares of the company’s stock, valued at $69,447,975.60. The disclosure for this sale 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.
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