Alps Advisors Inc. Purchases 3,614 Shares of Advanced Accelerator Applications S.A. (AAAP)

Alps Advisors Inc. raised its position in Advanced Accelerator Applications S.A. (NASDAQ:AAAP) by 9.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,308 shares of the company’s stock after acquiring an additional 3,614 shares during the quarter. Alps Advisors Inc. owned approximately 0.10% of Advanced Accelerator Applications worth $2,928,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Artisan Partners Limited Partnership lifted its stake in Advanced Accelerator Applications by 29.2% in the second quarter. Artisan Partners Limited Partnership now owns 547,338 shares of the company’s stock worth $21,368,000 after acquiring an additional 123,619 shares during the last quarter. PointState Capital LP purchased a new position in Advanced Accelerator Applications in the second quarter worth approximately $5,247,000. Morgan Stanley lifted its stake in Advanced Accelerator Applications by 2,208.1% in the first quarter. Morgan Stanley now owns 72,358 shares of the company’s stock worth $2,884,000 after acquiring an additional 69,223 shares during the last quarter. State Street Corp lifted its stake in Advanced Accelerator Applications by 1.3% in the second quarter. State Street Corp now owns 25,995 shares of the company’s stock worth $1,014,000 after acquiring an additional 344 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Advanced Accelerator Applications by 32.6% in the first quarter. Geode Capital Management LLC now owns 22,095 shares of the company’s stock worth $880,000 after acquiring an additional 5,438 shares during the last quarter. Institutional investors own 37.54% of the company’s stock.

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Shares of Advanced Accelerator Applications S.A. (NASDAQ:AAAP) traded down $0.02 during trading on Friday, hitting $80.98. 322,400 shares of the stock were exchanged, compared to its average volume of 1,366,095. Advanced Accelerator Applications S.A. has a fifty-two week low of $23.50 and a fifty-two week high of $81.50.

Advanced Accelerator Applications (NASDAQ:AAAP) last announced its earnings results on Thursday, August 31st. The company reported ($0.13) EPS 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 analyst estimates of $36.74 million. Advanced Accelerator Applications had a negative net margin of 33.83% and a negative return on equity of 16.05%. analysts predict that Advanced Accelerator Applications S.A. will post -0.75 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on AAAP. JMP Securities upgraded shares of Advanced Accelerator Applications from a “market perform” rating to an “outperform” rating and set a $69.00 price objective for the company in a research report on Thursday, July 27th. Zacks Investment Research upgraded shares of Advanced Accelerator Applications from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Wednesday, November 1st. Jefferies Group LLC restated a “buy” rating and set a $60.00 price objective (up previously from $50.00) on shares of Advanced Accelerator Applications in a research report on Friday, September 1st. Canaccord Genuity set a $47.00 price objective on shares of Advanced Accelerator Applications and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, BidaskClub upgraded shares of Advanced Accelerator Applications from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Advanced Accelerator Applications has an average rating of “Buy” and an average target price of $63.40.

Advanced Accelerator Applications 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.

Institutional Ownership by Quarter for Advanced Accelerator Applications (NASDAQ:AAAP)

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