Bosun Asset Management LLC Purchases 4,415 Shares of American Superconductor Co. (NASDAQ:AMSC)

Bosun Asset Management LLC grew its position in shares of American Superconductor Co. (NASDAQ:AMSC) by 8.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,239 shares of the technology company’s stock after purchasing an additional 4,415 shares during the period. Bosun Asset Management LLC’s holdings in American Superconductor were worth $1,336,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP purchased a new position in American Superconductor during the fourth quarter worth about $11,360,000. Raymond James Financial Inc. bought a new stake in shares of American Superconductor during the 4th quarter valued at about $10,188,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of American Superconductor during the fourth quarter worth about $7,310,000. Balyasny Asset Management L.P. bought a new position in shares of American Superconductor in the fourth quarter worth approximately $5,886,000. Finally, AQR Capital Management LLC raised its stake in American Superconductor by 143.5% in the fourth quarter. AQR Capital Management LLC now owns 256,230 shares of the technology company’s stock valued at $6,311,000 after purchasing an additional 151,015 shares in the last quarter. Institutional investors own 52.28% of the company’s stock.

Analysts Set New Price Targets

Separately, Oppenheimer boosted their price target on shares of American Superconductor from $33.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th.

American Superconductor Stock Down 2.5 %

NASDAQ AMSC opened at $20.58 on Tuesday. The stock’s 50-day simple moving average is $19.11 and its two-hundred day simple moving average is $25.19. American Superconductor Co. has a twelve month low of $13.07 and a twelve month high of $38.02. The company has a market capitalization of $812.09 million, a price-to-earnings ratio of 294.04 and a beta of 2.81.

American Superconductor (NASDAQ:AMSC) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. On average, equities analysts expect that American Superconductor Co. will post 0.41 earnings per share for the current fiscal year.

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.