Lisanti Capital Growth LLC bought a new position in shares of American Superconductor Corporation (NASDAQ:AMSC – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 180,750 shares of the technology company’s stock, valued at approximately $6,632,000. American Superconductor accounts for 1.8% of Lisanti Capital Growth LLC’s investment portfolio, making the stock its 7th largest position. Lisanti Capital Growth LLC owned 0.40% of American Superconductor as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Atreides Management LP purchased a new stake in American Superconductor in the first quarter worth $14,948,000. Nuveen LLC bought a new stake in American Superconductor during the 1st quarter valued at approximately $14,123,000. Emerald Advisers LLC raised its position in shares of American Superconductor by 1,191.5% in the 2nd quarter. Emerald Advisers LLC now owns 500,054 shares of the technology company’s stock worth $18,347,000 after acquiring an additional 461,335 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of American Superconductor in the 1st quarter valued at approximately $4,397,000. Finally, Millennium Management LLC boosted its position 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. Hedge funds and other institutional investors own 52.28% of the company’s stock.
American Superconductor Trading Up 6.3%
American Superconductor stock opened at $38.86 on Friday. American Superconductor Corporation has a 12 month low of $13.98 and a 12 month high of $70.49. The stock has a fifty day simple moving average of $57.15 and a two-hundred day simple moving average of $43.58. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 99.64 and a beta of 3.01.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Wall Street Zen upgraded American Superconductor from a “hold” rating to a “buy” rating in a report on Tuesday, July 15th. Oppenheimer reiterated an “outperform” rating on shares of American Superconductor in a research note on Thursday. Finally, Weiss Ratings restated 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.00.
Read Our Latest Report on AMSC
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.
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