Wednesday, November 15, 2017 10:15 PM ET
Insider Sales at AAC Holdings (AAC) Extends the Selling Trend of Last Quarter
A significant level of insider sales in AAC Holdings was reported in form 4 documents filed with the SEC today. Two insiders — W Larry Cash, Director, and Michael T Cartwright, 10% Owner, Director and Officer — sold 238,000 shares in the company having a market value of approximately $2,526,660. There was one insider buy/sell transaction in the past 90 days prior to these transactions which resulted in the sale of 700,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 938,000 shares and have averaged 320,667 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at AAC Holdings is greater than its 15-company peer group average. The Hospitals, Clinics & Primary Care Services peer group saw 28 buy/sell trades during this period for an average of 1.9 transactions per company. However, the number of shares traded per transaction by AAC Holdings insiders is lower than its peers. Within the peer group there were 25,000 shares purchased and 31,094,914 shares sold with company insiders selling 1,109,640 shares on average over this time period.
The data sourced in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Today’s Insider Activity
* W Larry Cash, Director, bought 12,000 shares
* Michael T Cartwright, 10% Owner, Director and Officer, sold 250,000 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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