AAC Holdings Inc. (NYSE:AAC)’s share price traded down 2.2% during mid-day 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 equities analysts have recently issued reports on the company. Raymond James Financial Inc. upgraded AAC Holdings from an “outperform” rating to a “strong-buy” rating and set a $29.00 target price for the company in a research report on Monday, August 15th. Mizuho restated a “buy” rating and set a $24.00 target price on shares of AAC Holdings in a research report on Thursday, June 16th. Citigroup Inc. upgraded 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 report on Monday, August 15th. They noted that the move was a valuation call. Zacks Investment Research cut AAC Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 11th. Finally, TheStreet upgraded 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 given a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $27.50.

The company’s 50 day moving average is $20.50 and its 200-day moving average is $20.25. The stock has a market cap of $442.50 million and a PE ratio of 102.58.

AAC Holdings (NYSE:AAC) last posted its 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 earned $71.50 million during the quarter, compared to analysts’ expectations of $67.42 million. The company’s revenue was up 32.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 EPS. On average, equities analysts expect that AAC Holdings Inc. will post $0.86 earnings per share for the current fiscal year.

In related news, Director Darrell S. Freeman purchased 2,500 shares of the firm’s stock in a transaction dated Friday, August 12th. The stock was bought at an average price of $17.45 per share, with a total value of $43,625.00. Following the completion of the purchase, the director now owns 113,660 shares in the company, valued at approximately $1,983,367. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Michael T. Cartwright sold 24,576 shares of the 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 completion of the sale, the chairman now directly owns 3,080,490 shares of the company’s stock, valued at approximately $71,652,197.40. 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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