AAC Holdings, Inc. (NYSE:AAC) Director David C. Kloeppel sold 5,000 shares of the firm’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $11.32, for a total value of $56,600.00. Following the transaction, the director now directly owns 156,080 shares in the company, valued at approximately $1,766,825.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of AAC stock opened at $11.68 on Friday. The stock has a market cap of $270.28, a price-to-earnings ratio of 18.85 and a beta of 1.36. AAC Holdings, Inc. has a 1 year low of $5.99 and a 1 year high of $13.06. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.85 and a current ratio of 1.85.
AAC (NYSE:AAC) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.06. AAC had a positive return on equity of 9.25% and a negative net margin of 6.48%. The company had revenue of $86.10 million for the quarter, compared to analyst estimates of $72.82 million. During the same quarter last year, the company posted $0.15 earnings per share. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. analysts predict that AAC Holdings, Inc. will post 0.76 earnings per share for the current year.
AAC has been the topic of several research reports. Cantor Fitzgerald reaffirmed a “buy” rating and set a $14.00 price objective on shares of AAC in a report on Friday, January 5th. Zacks Investment Research raised AAC from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Tuesday, March 13th. ValuEngine raised AAC from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Finally, TheStreet lowered AAC from a “c-” rating to a “d+” rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. AAC currently has a consensus rating of “Buy” and an average price target of $11.33.
TRADEMARK VIOLATION NOTICE: This news story was first published by Ticker Report and is the property of of Ticker Report. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of U.S. & international copyright law. The legal version of this news story can be read at https://www.tickerreport.com/banking-finance/3335121/insider-selling-aac-holdings-inc-aac-director-sells-56600-00-in-stock.html.
AAC Holdings, Inc provides inpatient and outpatient substance use treatment services for individuals with drug addiction, alcohol addiction, and co-occurring mental/behavioral health issues in the United States. Its therapy services include motivational interviewing, cognitive behavioral therapy, rational emotive behavior therapy, dialectical behavioral therapy, solution-focused therapy, eye movement desensitization and reprocessing, and systematic family intervention.
Receive News & Ratings for AAC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAC and related companies with MarketBeat.com's FREE daily email newsletter.