60,332 Shares in American Superconductor Co. (NASDAQ:AMSC) Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of American Superconductor Co. (NASDAQ:AMSC) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 60,332 shares of the technology company’s stock, valued at approximately $1,424,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of American Superconductor as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Amalgamated Bank acquired a new position in shares of American Superconductor during the second quarter worth approximately $28,000. nVerses Capital LLC bought a new stake in American Superconductor during the 2nd quarter valued at $42,000. CWM LLC acquired a new position in American Superconductor during the 3rd quarter worth $57,000. Quest Partners LLC acquired a new position in American Superconductor during the 3rd quarter worth $88,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of American Superconductor in the second quarter worth $96,000. Institutional investors own 52.28% of the company’s stock.

American Superconductor Stock Up 0.6 %

Shares of AMSC stock opened at $25.93 on Wednesday. The stock has a 50-day simple moving average of $28.74 and a 200 day simple moving average of $25.09. American Superconductor Co. has a fifty-two week low of $9.37 and a fifty-two week high of $38.02. The stock has a market capitalization of $1.02 billion, a P/E ratio of -518.50 and a beta of 2.21.

Wall Street Analyst Weigh In

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