4,100 Shares in American Superconductor Co. (NASDAQ:AMSC) Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board bought a new stake in American Superconductor Co. (NASDAQ:AMSC) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,100 shares of the technology company’s stock, valued at approximately $96,000.

Several other hedge funds and other institutional investors also recently modified their holdings of AMSC. Baillie Gifford & Co. lifted its position in American Superconductor by 21.1% in the 1st quarter. Baillie Gifford & Co. now owns 2,526,550 shares of the technology company’s stock valued at $34,134,000 after purchasing an additional 440,271 shares during the last quarter. Acadian Asset Management LLC grew its holdings in American Superconductor by 92.5% in the 1st quarter. Acadian Asset Management LLC now owns 48,218 shares of the technology company’s stock worth $649,000 after buying an additional 23,174 shares in the last quarter. ClariVest Asset Management LLC acquired a new stake in American Superconductor in the 1st quarter valued at approximately $1,179,000. Vanguard Group Inc. raised its stake in American Superconductor by 30.5% during the 1st quarter. Vanguard Group Inc. now owns 1,698,934 shares of the technology company’s stock valued at $22,953,000 after acquiring an additional 396,814 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in American Superconductor during the 2nd quarter worth $2,704,000. Institutional investors and hedge funds own 52.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Craig Hallum restated a “buy” rating and set a $33.00 price objective on shares of American Superconductor in a research note on Tuesday, September 10th. Roth Mkm boosted their price target on shares of American Superconductor from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th.

American Superconductor Stock Up 4.2 %

Shares of American Superconductor stock opened at $22.98 on Friday. The business has a fifty day simple moving average of $21.72 and a 200-day simple moving average of $19.23. The firm has a market cap of $850.21 million, a price-to-earnings ratio of -58.92 and a beta of 2.13. American Superconductor Co. has a fifty-two week low of $5.78 and a fifty-two week high of $32.70.

American Superconductor (NASDAQ:AMSC) last posted its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.09. American Superconductor had a negative net margin of 5.29% and a positive return on equity of 1.15%. The company had revenue of $40.29 million during the quarter, compared to analyst estimates of $39.55 million. Analysts anticipate that American Superconductor Co. will post 0.17 earnings per share for the current fiscal year.

About American Superconductor

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. 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; and engineering planning services.