Driehaus Capital Management LLC Buys 143,936 Shares of American Superconductor Co. (NASDAQ:AMSC)

Driehaus Capital Management LLC lifted its stake in shares of American Superconductor Co. (NASDAQ:AMSC) by 18.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 942,698 shares of the technology company’s stock after acquiring an additional 143,936 shares during the quarter. Driehaus Capital Management LLC’s holdings in American Superconductor were worth $23,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Arizona State Retirement System raised its holdings in American Superconductor by 4.1% during the 4th quarter. Arizona State Retirement System now owns 11,092 shares of the technology company’s stock worth $273,000 after purchasing an additional 439 shares during the last quarter. Atria Wealth Solutions Inc. increased its position in shares of American Superconductor by 4.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 12,475 shares of the technology company’s stock worth $307,000 after buying an additional 500 shares during the period. Rhumbline Advisers raised its stake in American Superconductor by 1.2% during the fourth quarter. Rhumbline Advisers now owns 51,119 shares of the technology company’s stock worth $1,259,000 after buying an additional 606 shares during the last quarter. Hillsdale Investment Management Inc. lifted its holdings in American Superconductor by 0.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 183,800 shares of the technology company’s stock valued at $4,527,000 after buying an additional 1,150 shares during the period. Finally, MetLife Investment Management LLC boosted its position in American Superconductor by 7.2% during the fourth quarter. MetLife Investment Management LLC now owns 21,201 shares of the technology company’s stock valued at $522,000 after acquiring an additional 1,415 shares during the last quarter. 52.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Oppenheimer boosted their price objective on American Superconductor from $33.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, February 7th.

American Superconductor Stock Up 3.3 %

American Superconductor stock opened at $21.41 on Friday. The company has a market capitalization of $844.96 million, a PE ratio of 305.94 and a beta of 2.81. American Superconductor Co. has a 12-month low of $13.45 and a 12-month high of $38.02. The firm’s fifty day moving average is $19.07 and its 200 day moving average is $25.11.

American Superconductor (NASDAQ:AMSC) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. American Superconductor had a net margin of 1.64% and a return on equity of 8.95%. Sell-side analysts expect that American Superconductor Co. will post 0.41 EPS for the current fiscal year.

About American Superconductor

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand.