Algert Global LLC Buys New Position in American Superconductor Co. (NASDAQ:AMSC)

Algert Global LLC acquired a new stake in shares of American Superconductor Co. (NASDAQ:AMSC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 62,558 shares of the technology company’s stock, valued at approximately $1,541,000.

Several other institutional investors have also added to or reduced their stakes in AMSC. Franklin Resources Inc. purchased a new position in shares of American Superconductor during the third quarter valued at about $781,000. Barclays PLC raised its position in shares of American Superconductor by 376.2% in the 3rd quarter. Barclays PLC now owns 58,328 shares of the technology company’s stock worth $1,377,000 after acquiring an additional 46,080 shares in the last quarter. Campbell Newman Asset Management Inc. purchased a new position in shares of American Superconductor in the 4th quarter valued at approximately $1,483,000. Heck Capital Advisors LLC bought a new stake in shares of American Superconductor during the fourth quarter valued at approximately $279,000. Finally, Truist Financial Corp purchased a new stake in American Superconductor in the fourth quarter worth $251,000. 52.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

American Superconductor Stock Up 1.1 %

American Superconductor stock opened at $21.63 on Friday. American Superconductor Co. has a twelve month low of $13.50 and a twelve month high of $38.02. The company has a market capitalization of $853.52 million, a P/E ratio of 309.04 and a beta of 2.81. The stock’s 50 day moving average is $19.11 and its 200 day moving average is $25.10.

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

American Superconductor Company Profile

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.