Stephens Investment Management Group LLC purchased a new position in American Superconductor Corporation (NASDAQ:AMSC – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 67,911 shares of the technology company’s stock, valued at approximately $4,033,000.
Other hedge funds have also bought and sold shares of the company. Campbell Newman Asset Management Inc. raised its stake in shares of American Superconductor by 0.5% in the third quarter. Campbell Newman Asset Management Inc. now owns 65,365 shares of the technology company’s stock valued at $3,882,000 after acquiring an additional 354 shares during the period. GAMMA Investing LLC grew its holdings in American Superconductor by 104.7% during the 2nd quarter. GAMMA Investing LLC now owns 954 shares of the technology company’s stock valued at $35,000 after purchasing an additional 488 shares during the last quarter. Stephens Inc. AR raised its position in American Superconductor by 6.3% in the 3rd quarter. Stephens Inc. AR now owns 8,500 shares of the technology company’s stock worth $505,000 after purchasing an additional 500 shares during the period. Ameritas Investment Partners Inc. lifted its stake in American Superconductor by 16.6% in the second quarter. Ameritas Investment Partners Inc. now owns 3,900 shares of the technology company’s stock worth $143,000 after purchasing an additional 555 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its position in shares of American Superconductor by 32.9% during the third quarter. Global Retirement Partners LLC now owns 3,212 shares of the technology company’s stock valued at $191,000 after buying an additional 796 shares during the period. Institutional investors own 52.28% of the company’s stock.
American Superconductor Stock Up 3.6%
Shares of NASDAQ AMSC opened at $32.19 on Friday. American Superconductor Corporation has a twelve month low of $13.98 and a twelve month high of $70.49. The firm has a market cap of $1.45 billion, a PE ratio of 87.00 and a beta of 2.96. The business has a fifty day simple moving average of $31.47 and a two-hundred day simple moving average of $45.14.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on AMSC. Oppenheimer reiterated an “outperform” rating on shares of American Superconductor in a report on Thursday, November 6th. Wall Street Zen lowered American Superconductor from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of American Superconductor in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, American Superconductor presently has an average rating of “Moderate Buy” and a consensus price target of $39.00.
View Our Latest Report on American Superconductor
American Superconductor Profile
American Superconductor Corporation (NASDAQ:AMSC) is a technology company specializing in power electronics and high-temperature superconductor systems. Founded in 1987 and headquartered in Devens, Massachusetts, AMSC develops hardware and software solutions aimed at improving the efficiency, reliability and stability of electric power systems and renewable energy infrastructure. The company’s engineering expertise spans from the lab scale to full commercial deployment, with a focus on tackling grid integration challenges for utilities and independent power producers.
AMSC’s portfolio includes superconducting wire and cryogenic systems, power grid stabilization devices, and turnkey wind turbine electronics.
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