Universal Beteiligungs und Servicegesellschaft mbH Sells 64,898 Shares of American Superconductor Corporation $AMSC

Universal Beteiligungs und Servicegesellschaft mbH decreased its holdings in American Superconductor Corporation (NASDAQ:AMSCFree Report) by 82.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,181 shares of the technology company’s stock after selling 64,898 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in American Superconductor were worth $408,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Lodestone Wealth Management LLC bought a new position in shares of American Superconductor in the fourth quarter worth about $30,000. Canada Pension Plan Investment Board boosted its position in American Superconductor by 100.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,000 shares of the technology company’s stock valued at $73,000 after buying an additional 1,000 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of American Superconductor during the third quarter worth approximately $124,000. Stance Capital LLC purchased a new stake in shares of American Superconductor in the third quarter valued at approximately $155,000. Finally, Global Retirement Partners LLC grew its stake in American Superconductor by 32.9% in the third quarter. Global Retirement Partners LLC now owns 3,212 shares of the technology company’s stock worth $191,000 after purchasing an additional 796 shares in the last quarter. 52.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Zacks Research cut American Superconductor from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Wall Street Zen downgraded American Superconductor from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, American Superconductor presently has an average rating of “Hold”.

Check Out Our Latest Research Report on AMSC

American Superconductor Price Performance

NASDAQ AMSC opened at $55.01 on Wednesday. The company has a market cap of $2.62 billion, a PE ratio of 18.77 and a beta of 3.28. The firm’s 50 day moving average price is $35.86 and its 200-day moving average price is $36.09. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.80 and a current ratio of 2.66. American Superconductor Corporation has a 52-week low of $20.13 and a 52-week high of $70.49.

American Superconductor (NASDAQ:AMSCGet Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $2.60. The company had revenue of $74.53 million during the quarter, compared to the consensus estimate of $69.03 million. American Superconductor had a net margin of 46.70% and a return on equity of 37.97%. American Superconductor’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 earnings per share. Sell-side analysts forecast that American Superconductor Corporation will post 3.09 EPS for the current fiscal year.

About American Superconductor

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for American Superconductor (NASDAQ:AMSC)

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