AAC Holdings Inc. (NYSE:AAC) shares were up 2.9% during mid-day trading on Tuesday . The company traded as high as $19.34 and last traded at $19.31, with a volume of 304,747 shares trading hands. The stock had previously closed at $18.77.

A number of research analysts have issued reports on AAC shares. Raymond James Financial Inc. upgraded AAC Holdings from an “outperform” rating to a “strong-buy” rating and set a $29.00 price objective for the company in a research note on Monday, August 15th. Citigroup Inc. raised AAC Holdings from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $27.00 to $29.00 in a research report on Monday, August 15th. They noted that the move was a valuation call. Zacks Investment Research raised AAC Holdings from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a research report on Wednesday, July 6th. Mizuho reaffirmed a “buy” rating and set a $26.00 price target (up previously from $24.00) on shares of AAC Holdings in a research report on Monday, July 18th. Finally, TheStreet raised AAC Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, May 5th. 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. The company has a consensus rating of “Buy” and a consensus target price of $27.50.

The company has a market cap of $457.67 million and a price-to-earnings ratio of 106.10. The stock has a 50 day moving average price of $20.19 and a 200 day moving average price of $20.24.

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

In other AAC Holdings news, CEO Michael T. Cartwright sold 86,481 shares of AAC Holdings stock in a transaction 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 transaction, the chief executive officer now owns 3,224,140 shares in the company, valued at $69,447,975.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Darrell S. Freeman acquired 2,500 shares of the stock in a transaction on Friday, August 12th. The shares were bought at an average price of $17.45 per share, with a total value of $43,625.00. Following the purchase, the director now directly owns 113,660 shares of the company’s stock, 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.

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