Fmr LLC Boosts Stock Holdings in American Superconductor Co. (NASDAQ:AMSC)

Fmr LLC increased its holdings in shares of American Superconductor Co. (NASDAQ:AMSC) by 828.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,690 shares of the technology company’s stock after acquiring an additional 13,108 shares during the quarter. Fmr LLC’s holdings in American Superconductor were worth $347,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its position in shares of American Superconductor by 211.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 304,528 shares of the technology company’s stock valued at $7,187,000 after buying an additional 206,655 shares during the period. Lisanti Capital Growth LLC grew its stake in American Superconductor by 110.2% during the 3rd quarter. Lisanti Capital Growth LLC now owns 131,340 shares of the technology company’s stock worth $3,100,000 after purchasing an additional 68,845 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in American Superconductor in the third quarter valued at approximately $10,246,000. Los Angeles Capital Management LLC purchased a new stake in shares of American Superconductor during the 3rd quarter worth $485,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of American Superconductor in the 3rd quarter valued at about $1,207,000. 52.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Roth Mkm reissued a “buy” rating and issued a $29.00 price target on shares of American Superconductor in a research report on Monday, September 30th. Craig Hallum reiterated a “buy” rating and set a $33.00 target price on shares of American Superconductor in a research report on Tuesday, September 10th.

American Superconductor Stock Performance

AMSC opened at $24.14 on Friday. American Superconductor Co. has a one year low of $9.37 and a one year high of $38.02. The company has a market cap of $952.40 million, a price-to-earnings ratio of -482.70 and a beta of 2.21. The business’s fifty day moving average is $28.80 and its two-hundred day moving average is $25.08.

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.