Janus Henderson Group PLC Makes New $373,000 Investment in American Superconductor Co. (NASDAQ:AMSC)

Janus Henderson Group PLC bought a new stake in American Superconductor Co. (NASDAQ:AMSC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,800 shares of the technology company’s stock, valued at approximately $373,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AMSC. Allspring Global Investments Holdings LLC purchased a new stake in shares of American Superconductor during the 3rd quarter worth $10,246,000. Charles Schwab Investment Management Inc. boosted its holdings in American Superconductor by 211.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 304,528 shares of the technology company’s stock worth $7,187,000 after buying an additional 206,655 shares in the last quarter. Rice Hall James & Associates LLC acquired a new position in American Superconductor during the second quarter worth about $3,468,000. Hood River Capital Management LLC grew its position in American Superconductor by 7.2% during the second quarter. Hood River Capital Management LLC now owns 1,735,014 shares of the technology company’s stock worth $40,582,000 after buying an additional 116,207 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of American Superconductor by 524.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 122,239 shares of the technology company’s stock valued at $2,859,000 after acquiring an additional 102,652 shares during the period. 52.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMSC has been the subject of several research reports. Roth Mkm reaffirmed a “buy” rating and set a $29.00 price objective on shares of American Superconductor in a report on Monday, September 30th. Craig Hallum reaffirmed a “buy” rating and set a $33.00 price target on shares of American Superconductor in a research note on Tuesday, September 10th.

American Superconductor Price Performance

Shares of AMSC opened at $25.83 on Monday. American Superconductor Co. has a 1-year low of $9.37 and a 1-year high of $38.02. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -516.60 and a beta of 2.21. The firm has a 50 day simple moving average of $28.63 and a 200-day simple moving average of $24.98.

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.