Royce & Associates LP lifted its position in American Superconductor Corporation (NASDAQ:AMSC – Free Report) by 8.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 387,069 shares of the technology company’s stock after buying an additional 29,489 shares during the period. Royce & Associates LP owned approximately 0.81% of American Superconductor worth $11,140,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in American Superconductor by 19.6% in the 4th quarter. Vanguard Group Inc. now owns 3,526,632 shares of the technology company’s stock worth $101,496,000 after purchasing an additional 576,831 shares in the last quarter. Baillie Gifford & Co. boosted its stake in American Superconductor by 5.6% in the 4th quarter. Baillie Gifford & Co. now owns 1,506,841 shares of the technology company’s stock worth $43,367,000 after purchasing an additional 79,509 shares in the last quarter. Atreides Management LP boosted its stake in American Superconductor by 34.0% in the 2nd quarter. Atreides Management LP now owns 1,104,458 shares of the technology company’s stock worth $40,523,000 after purchasing an additional 280,418 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in American Superconductor by 221.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 760,457 shares of the technology company’s stock worth $45,164,000 after purchasing an additional 524,061 shares in the last quarter. Finally, UBS Group AG boosted its stake in American Superconductor by 284.3% in the 4th quarter. UBS Group AG now owns 744,563 shares of the technology company’s stock worth $21,429,000 after purchasing an additional 550,829 shares in the last quarter. Hedge funds and other institutional investors own 52.28% of the company’s stock.
American Superconductor Stock Performance
Shares of NASDAQ AMSC opened at $52.68 on Thursday. The company has a current ratio of 2.66, a quick ratio of 1.80 and a debt-to-equity ratio of 0.01. American Superconductor Corporation has a 12 month low of $24.87 and a 12 month high of $70.49. The company has a 50 day simple moving average of $42.78 and a two-hundred day simple moving average of $35.56. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 17.98 and a beta of 3.28.
Analysts Set New Price Targets
A number of analysts recently commented on the stock. Weiss Ratings upgraded shares of American Superconductor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Zacks Research cut shares of American Superconductor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.
Read Our Latest Report on American Superconductor
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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