Dimensional Fund Advisors LP Reduces Position in American Superconductor Co. (NASDAQ:AMSC)

Dimensional Fund Advisors LP cut its holdings in American Superconductor Co. (NASDAQ:AMSC) by 8.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 532,216 shares of the technology company’s stock after selling 48,331 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.44% of American Superconductor worth $12,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Hood River Capital Management LLC purchased a new stake in American Superconductor in the first quarter worth $21,870,000. Assenagon Asset Management S.A. raised its holdings in American Superconductor by 643.4% in the second quarter. Assenagon Asset Management S.A. now owns 1,057,064 shares of the technology company’s stock worth $24,725,000 after purchasing an additional 914,872 shares in the last quarter. Baillie Gifford & Co. boosted its stake in American Superconductor by 21.1% during the first quarter. Baillie Gifford & Co. now owns 2,526,550 shares of the technology company’s stock worth $34,134,000 after acquiring an additional 440,271 shares in the last quarter. AWM Investment Company Inc. grew its holdings in American Superconductor by 19.4% in the first quarter. AWM Investment Company Inc. now owns 2,661,319 shares of the technology company’s stock worth $35,954,000 after purchasing an additional 433,018 shares during the period. Finally, Vanguard Group Inc. raised its stake in American Superconductor by 30.5% during the first quarter. Vanguard Group Inc. now owns 1,698,934 shares of the technology company’s stock valued at $22,953,000 after buying an additional 396,814 shares during the last quarter. Hedge funds and other institutional investors own 52.28% of the company’s stock.

American Superconductor Stock Performance

AMSC opened at $23.96 on Friday. The stock has a market cap of $886.47 million, a price-to-earnings ratio of -61.44 and a beta of 2.14. The firm’s fifty day moving average is $21.29 and its 200 day moving average is $19.57. 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 results on Tuesday, August 6th. The technology company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.09. The business had revenue of $40.29 million during the quarter, compared to the consensus estimate of $39.55 million. American Superconductor had a positive return on equity of 1.15% and a negative net margin of 5.29%. On average, equities research analysts predict that American Superconductor Co. will post 0.17 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on AMSC shares. Craig Hallum reissued a “buy” rating and set a $33.00 price objective on shares of American Superconductor in a research report on Tuesday, September 10th. Roth Mkm restated a “buy” rating and issued a $29.00 price target on shares of American Superconductor in a research note on Monday, September 30th.

American Superconductor Company Profile

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.