AAC Holdings Inc. (AAC) Trading 4.1% Higher
AAC Holdings Inc. (NYSE:AAC)’s share price traded up 4.1% during trading on Monday . The company traded as high as $20.05 and last traded at $20.05, with a volume of 187,600 shares trading hands. The stock had previously closed at $19.26.
A number of equities analysts have commented 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 note on Monday, August 15th. Mizuho restated a “buy” rating and issued a $24.00 target price on shares of AAC Holdings in a research note on Thursday, June 16th. Citigroup Inc. upgraded AAC Holdings from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $27.00 to $29.00 in a research note on Monday, August 15th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded AAC Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $27.50.
The stock has a 50-day moving average of $19.94 and a 200 day moving average of $20.23. The firm has a market capitalization of $475.21 million and a price-to-earnings ratio of 110.16.
AAC Holdings (NYSE:AAC) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.18 EPS 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 analyst estimates of $67.42 million. During the same period in the prior year, the company earned $0.26 earnings per share. The business’s revenue was up 32.9% compared to the same quarter last year. Analysts anticipate that AAC Holdings Inc. will post $0.86 EPS for the current year.
In related news, CEO Michael T. Cartwright sold 13,519 shares of the stock in a transaction dated Tuesday, June 28th. The shares were sold at an average price of $21.02, for a total value of $284,169.38. Following the completion of the transaction, the chief executive officer now owns 3,180,490 shares of the company’s stock, valued at $66,853,899.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Darrell S. Freeman purchased 2,500 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 113,660 shares of the company’s stock, valued at $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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