Aac Holdings, Inc. (AAC) Files Form 4 Insider Selling : Jerrod N. Menz Sells 1,897 Shares

Aac Holdings, Inc. (AAC): Jerrod N. Menz , 10% owner of Aac Holdings, Inc. sold 1,897 shares on Jul 18, 2016. The Insider selling transaction was reported by the company on Jul 19, 2016 to the Securities and Exchange Commission. The shares were sold at $23.05 per share for a total value of $43,725.85 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 19, 2016, Michael T. Cartwright (Chairman and CEO) sold 24,624 shares at $23.07 per share price.On Jul 15, 2016, Jerrod N. Menz (10% owner) sold 8,125 shares at $23.01 per share price.Also, On Jul 5, 2016, Kathryn Sevier Phillips (General Counsel and Secretary) sold 3,500 shares at $23.00 per share price.On Jul 5, 2016, Kirk R. Manz (Chief Financial Officer) sold 7,300 shares at $22.52 per share price.

AAC Holdings Inc: On Monday, Jul 18, 2016 heightened volatility was witnessed in AAC Holdings Inc which led to swings in the share price. The shares opened for trading at $23.13 and hit $23.15 on the upside , eventually ending the session at $23.03, with a gain of 0.17% or 0.04 points. The heightened volatility saw the trading volume jump to 86,330 shares. The 52-week high of the share price is $42.57 and the company has a market cap of $546 M . The 52-week low of the share price is at $14.36.

AAC Holdings Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.AAC Holdings Inc is Reiterated by Mizuho to Buy and the brokerage firm has raised the Price Target to $ 26 from a previous price target of $24 .The Rating was issued on Jul 18, 2016.AAC Holdings Inc is Upgraded by Mizuho to Buy and the brokerage firm has set the Price Target at $24. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 25, 2016.

AAC Holdings Inc. is a provider of inpatient substance abuse treatment services for individuals with drug and alcohol addiction. The Company operates approximately seven residential substance abuse treatment facilities and one outpatient substance abuse treatment facility. Its substance abuse treatment facilities are located throughout the United States focused on delivering clinical care and treatment solutions across its approximately 560 beds which includes approximately 378 licensed detoxification beds. It has made investments in its treatment facilities. The Company provides care to adults and adolescents struggling with alcohol and/or drug abuse and dependence as well as co-occurring mental health issues. The Company offers various treatment services which include detoxification residential treatment partial hospitalization and intensive outpatient services.

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