Havens Advisors LLC purchased a new stake in Advanced Accelerator Application SA (NASDAQ:AAAP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 52,803 shares of the company’s stock, valued at approximately $4,310,000. Advanced Accelerator Application comprises approximately 3.2% of Havens Advisors LLC’s portfolio, making the stock its 12th largest holding.
Several other institutional investors and hedge funds have also recently made changes to their positions in AAAP. Wells Fargo & Company MN lifted its stake in shares of Advanced Accelerator Application by 81.5% in the 2nd quarter. Wells Fargo & Company MN now owns 4,514 shares of the company’s stock valued at $177,000 after acquiring an additional 2,027 shares during the last quarter. Artisan Partners Limited Partnership raised its position in Advanced Accelerator Application by 29.2% during the 2nd quarter. Artisan Partners Limited Partnership now owns 547,338 shares of the company’s stock worth $21,368,000 after purchasing an additional 123,619 shares during the last quarter. State Street Corp raised its position in Advanced Accelerator Application by 1.3% during the 2nd quarter. State Street Corp now owns 25,995 shares of the company’s stock worth $1,014,000 after purchasing an additional 344 shares during the last quarter. PointState Capital LP bought a new position in Advanced Accelerator Application during the 2nd quarter worth $5,247,000. Finally, Reliance Trust Co. of Delaware bought a new position in Advanced Accelerator Application during the 3rd quarter worth $596,000. Institutional investors own 39.11% of the company’s stock.
Shares of Advanced Accelerator Application SA (NASDAQ AAAP) traded down $0.02 during trading hours on Wednesday, reaching $81.82. The company had a trading volume of 389,100 shares, compared to its average volume of 265,570. The company has a market cap of $3,599.00, a price-to-earnings ratio of -62.46 and a beta of 0.96. Advanced Accelerator Application SA has a twelve month low of $27.90 and a twelve month high of $81.90.
Several research analysts recently issued reports on AAAP shares. Zacks Investment Research raised Advanced Accelerator Application from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research report on Wednesday, November 1st. BidaskClub lowered Advanced Accelerator Application from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. JMP Securities lowered Advanced Accelerator Application from an “outperform” rating to a “market perform” rating in a research report on Monday, October 30th. Finally, JPMorgan Chase & Co. lowered Advanced Accelerator Application from an “overweight” rating to a “neutral” rating and set a $82.00 target price for the company. in a research report on Monday, November 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Advanced Accelerator Application presently has an average rating of “Hold” and a consensus price target of $69.80.
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Advanced Accelerator Application 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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