UBS Group AG grew its holdings in American Superconductor Corporation (NASDAQ:AMSC – Free Report) by 284.3% in the 4th quarter, Holdings Channel reports. The fund owned 744,563 shares of the technology company’s stock after purchasing an additional 550,829 shares during the quarter. UBS Group AG’s holdings in American Superconductor were worth $21,429,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of American Superconductor by 19.6% in the 4th quarter. Vanguard Group Inc. now owns 3,526,632 shares of the technology company’s stock valued at $101,496,000 after purchasing an additional 576,831 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in American Superconductor by 221.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 760,457 shares of the technology company’s stock valued at $45,164,000 after buying an additional 524,061 shares in the last quarter. Atreides Management LP lifted its stake in American Superconductor by 34.0% in the second quarter. Atreides Management LP now owns 1,104,458 shares of the technology company’s stock valued at $40,523,000 after buying an additional 280,418 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of American Superconductor by 878.5% in the first quarter. Millennium Management LLC now owns 225,682 shares of the technology company’s stock valued at $4,094,000 after buying an additional 202,617 shares during the period. Finally, Voloridge Investment Management LLC bought a new stake in shares of American Superconductor during the third quarter worth $10,192,000. Institutional investors own 52.28% of the company’s stock.
American Superconductor Trading Up 6.4%
NASDAQ:AMSC opened at $58.72 on Tuesday. The company has a market cap of $2.80 billion, a P/E ratio of 20.04 and a beta of 3.28. American Superconductor Corporation has a twelve month low of $22.62 and a twelve month high of $70.49. The business has a 50 day moving average price of $37.63 and a two-hundred day moving average price of $35.95. The company has a quick ratio of 1.80, a current ratio of 2.66 and a debt-to-equity ratio of 0.01.
Analyst Ratings Changes
Check Out Our Latest Analysis on American Superconductor
About American Superconductor
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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