Shares of AAC Holdings Inc. (NYSE:AAC) fell 6.1% on Wednesday . The stock traded as low as $19.83 and last traded at $19.96, with a volume of 231,994 shares changing hands. The stock had previously closed at $21.26.

Several brokerages have recently weighed in on AAC. Mizuho restated a “buy” rating and set a $24.00 target price on shares of AAC Holdings in a research note on Thursday, June 16th. Avondale Partners restated a “market outperform” rating on shares of AAC Holdings in a research note on Monday, April 18th. Zacks Investment Research upgraded AAC Holdings from a “hold” rating to a “strong-buy” rating and set a $26.00 target price for the company in a research note on Wednesday, July 6th. Finally, TheStreet upgraded AAC Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, May 5th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $26.00.

The company has a market cap of $473.47 million and a price-to-earnings ratio of 48.92. The company has a 50-day moving average of $21.71 and a 200 day moving average of $20.26.

In related news, CEO Michael T. Cartwright sold 86,481 shares of AAC Holdings stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $21.54, for a total value of $1,862,800.74. Following the completion of the sale, the chief executive officer now owns 3,224,140 shares of the company’s stock, valued at approximately $69,447,975.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael T. Cartwright sold 20,602 shares of AAC Holdings stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $21.90, for a total transaction of $451,183.80. Following the completion of the sale, the chief executive officer now directly owns 3,441,743 shares of the company’s stock, valued at approximately $75,374,171.70. The disclosure for this sale can be found here.

An institutional investor recently raised its position in AAC Holdings stock. Russell Frank Co raised its stake in shares of AAC Holdings Inc. (NYSE:AAC) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,638 shares of the company’s stock after buying an additional 8,492 shares during the period. Russell Frank Co owned about 0.69% of AAC Holdings worth $2,850,000 as of its most recent filing with the SEC.

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.