Fox Run Management L.L.C. raised its holdings in shares of American Superconductor Corporation (NASDAQ:AMSC – Free Report) by 30.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,505 shares of the technology company’s stock after acquiring an additional 8,786 shares during the quarter. Fox Run Management L.L.C. owned approximately 0.08% of American Superconductor worth $1,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of AMSC. GAMMA Investing LLC raised its holdings in American Superconductor by 104.7% in the 2nd quarter. GAMMA Investing LLC now owns 954 shares of the technology company’s stock worth $35,000 after purchasing an additional 488 shares during the period. CWM LLC increased its position in American Superconductor by 49.5% in the first quarter. CWM LLC now owns 7,915 shares of the technology company’s stock worth $144,000 after buying an additional 2,622 shares in the last quarter. National Bank of Canada FI increased its position in American Superconductor by 27.9% in the first quarter. National Bank of Canada FI now owns 9,506 shares of the technology company’s stock worth $172,000 after buying an additional 2,072 shares in the last quarter. Acas LLC bought a new position in shares of American Superconductor in the first quarter worth about $184,000. Finally, Kestra Private Wealth Services LLC purchased a new position in shares of American Superconductor during the 1st quarter valued at about $187,000. Institutional investors own 52.28% of the company’s stock.
American Superconductor Price Performance
American Superconductor stock opened at $38.86 on Friday. American Superconductor Corporation has a 1 year low of $13.98 and a 1 year high of $70.49. The firm’s 50 day moving average price is $57.15 and its 200-day moving average price is $43.40. The stock has a market cap of $1.75 billion, a P/E ratio of 99.64 and a beta of 3.01.
Analysts Set New Price Targets
A number of equities research analysts have commented on the stock. Oppenheimer restated an “outperform” rating on shares of American Superconductor in a research note on Thursday. Wall Street Zen upgraded shares of American Superconductor from a “hold” rating to a “buy” rating in a research report on Tuesday, July 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Superconductor in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.00.
View Our Latest Report on AMSC
American Superconductor 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.
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