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Is Advanced Accelerator Application SA (ADR) (AAAP) a Good Stock to Buy?

As industrywide interest jumped, key money managers were breaking ground themselves. Millennium Management, one of the 10 largest hedge funds in the world, established the largest position in Advanced Accelerator Application SA (ADR) (NASDAQ:AAAP). Millennium Management had $0.2 million invested in the company at the end of the quarter.

Let’s go over hedge fund activity in other stocks similar to Advanced Accelerator Application SA (ADR) (NASDAQ:AAAP). We will take a look at Gogo Inc (NASDAQ:GOGO), ClubCorp Holdings Inc (NYSE:MYCC), AveXis Inc (NASDAQ:AVXS), and Trina Solar Limited (ADR) (NYSE:TSL). This group of stocks’ market caps are similar to AAAP’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
GOGO 21 183787 5
MYCC 18 102793 0
AVXS 20 297586 10
TSL 18 206998 3

As you can see these stocks had an average of 19.25 hedge funds with bullish positions and the average amount invested in these stocks was $198 million. That figure was $138 million in AAAP’s case. Gogo Inc (NASDAQ:GOGO) is the most popular stock in this table. On the other hand ClubCorp Holdings Inc (NYSE:MYCC) is the least popular one with only 18 bullish hedge fund positions. Compared to these stocks Advanced Accelerator Application SA (ADR) (NASDAQ:AAAP) is even less popular than MYCC. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.

Disclosure: None