Investors Sell Advanced Accelerator Applications S.A. (AAAP) on Strength (AAAP)

Traders sold shares of Advanced Accelerator Applications S.A. (NASDAQ:AAAP) on strength during trading on Wednesday. $14.16 million flowed into the stock on the tick-up and $35.18 million flowed out of the stock on the tick-down, for a money net flow of $21.02 million out of the stock. Of all stocks tracked, Advanced Accelerator Applications had the 27th highest net out-flow for the day. Advanced Accelerator Applications traded up $0.03 for the day and closed at $81.03

A number of brokerages recently commented on AAAP. Zacks Investment Research upgraded Advanced Accelerator Applications from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research report on Wednesday. JMP Securities cut Advanced Accelerator Applications from an “outperform” rating to a “market perform” rating in a research report on Monday. Jefferies Group LLC restated a “buy” rating and issued a $60.00 price target (up previously from $50.00) on shares of Advanced Accelerator Applications in a research report on Friday, September 1st. BidaskClub upgraded Advanced Accelerator Applications from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, Canaccord Genuity set a $47.00 price target on Advanced Accelerator Applications and gave the stock a “buy” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $63.40.

Advanced Accelerator Applications (NASDAQ:AAAP) last announced its earnings results on Thursday, August 31st. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). The business had revenue of $40.14 million during the quarter, compared to the consensus estimate of $36.74 million. Advanced Accelerator Applications had a negative return on equity of 16.05% and a negative net margin of 33.83%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Artisan Partners Limited Partnership increased its position in shares of Advanced Accelerator Applications by 29.2% during the 2nd quarter. Artisan Partners Limited Partnership now owns 547,338 shares of the company’s stock valued at $21,368,000 after purchasing an additional 123,619 shares during the last quarter. PointState Capital LP bought a new position in shares of Advanced Accelerator Applications during the 2nd quarter valued at about $5,247,000. Clearbridge Investments LLC bought a new position in shares of Advanced Accelerator Applications during the 1st quarter valued at about $3,471,000. Morgan Stanley increased its position in shares of Advanced Accelerator Applications by 2,208.1% during the 1st quarter. Morgan Stanley now owns 72,358 shares of the company’s stock valued at $2,884,000 after purchasing an additional 69,223 shares during the last quarter. Finally, Alps Advisors Inc. increased its position in shares of Advanced Accelerator Applications by 4.9% during the 2nd quarter. Alps Advisors Inc. now owns 39,694 shares of the company’s stock valued at $1,550,000 after purchasing an additional 1,861 shares during the last quarter. Institutional investors and hedge funds own 37.53% of the company’s stock.

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Advanced Accelerator Applications Company Profile

Advanced Accelerator Applications SA is a radiopharmaceutical company. The Company develops, produces and commercializes molecular nuclear medicine (MNM), diagnostic and therapeutic products. MNM uses trace amounts of radioactive compounds to create functional images of organs and lesions and to treat diseases, such as cancer.

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