VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in American Superconductor Corporation (NASDAQ:AMSC – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,500 shares of the technology company’s stock, valued at approximately $475,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada lifted its position in American Superconductor by 27.5% during the 1st quarter. Royal Bank of Canada now owns 26,190 shares of the technology company’s stock valued at $475,000 after acquiring an additional 5,647 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in American Superconductor by 13.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,295 shares of the technology company’s stock worth $459,000 after purchasing an additional 2,989 shares during the period. Millennium Management LLC increased its stake in shares of American Superconductor by 878.5% during the first quarter. Millennium Management LLC now owns 225,682 shares of the technology company’s stock valued at $4,094,000 after purchasing an additional 202,617 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of American Superconductor by 54.6% during the first quarter. Goldman Sachs Group Inc. now owns 481,961 shares of the technology company’s stock valued at $8,743,000 after purchasing an additional 170,243 shares during the last quarter. Finally, Creative Planning purchased a new position in shares of American Superconductor during the second quarter valued at approximately $208,000. 52.28% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms recently weighed in on AMSC. Weiss Ratings upgraded American Superconductor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Zacks Research downgraded American Superconductor from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.
American Superconductor Price Performance
Shares of NASDAQ AMSC opened at $50.15 on Tuesday. The firm has a market cap of $2.39 billion, a P/E ratio of 17.12 and a beta of 3.28. American Superconductor Corporation has a twelve month low of $22.85 and a twelve month high of $70.49. The company has a quick ratio of 1.80, a current ratio of 2.66 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average of $39.85 and a 200 day moving average of $35.83.
American Superconductor Company 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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