AAC Holdings Inc. (NYSE:AAC)’s share price traded down 3.6% on Thursday . The stock traded as low as $22.61 and last traded at $22.67, with a volume of 117,315 shares trading hands. The stock had previously closed at $23.52.

Several equities analysts recently weighed in on the stock. Mizuho reaffirmed a “buy” rating and set a $26.00 price objective (up previously from $24.00) on shares of AAC Holdings in a research report on Monday, July 18th. Zacks Investment Research downgraded AAC Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 11th. TheStreet upgraded AAC Holdings from a “sell” rating to a “hold” rating in a report on Thursday, May 5th. Finally, Avondale Partners reiterated a “market outperform” rating on shares of AAC Holdings in a report on Monday, April 18th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $26.00.

The company has a market cap of $537.76 million and a P/E ratio of 55.56. The company’s 50-day moving average is $21.63 and its 200 day moving average is $20.14.

AAC Holdings (NYSE:AAC) last posted its earnings results on Thursday, May 5th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.05. During the same quarter in the previous year, the firm posted $0.15 earnings per share. The company had revenue of $65.30 million for the quarter, compared to analyst estimates of $59.26 million. AAC Holdings’s quarterly revenue was up 52.6% compared to the same quarter last year. Analysts forecast that AAC Holdings Inc. will post $0.96 EPS for the current year.

In related news, CEO Michael T. Cartwright sold 20,602 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $21.90, for a total value of $451,183.80. Following the completion of the transaction, the chief executive officer now directly owns 3,441,743 shares in the company, valued at approximately $75,374,171.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Jerrod N. Menz sold 25,800 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $21.49, for a total value of $554,442.00. Following the completion of the transaction, the insider now owns 2,762,745 shares of the company’s stock, valued at $59,371,390.05. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in AAC Holdings stock. Russell Frank Co increased its position in AAC Holdings Inc. (NYSE:AAC) by 5.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 153,638 shares of the company’s stock after buying an additional 8,492 shares during the period. Russell Frank Co owned approximately 0.69% of AAC Holdings worth $2,850,000 at the end of the most recent quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.