Barclays PLC raised its stake in American Superconductor Co. (NASDAQ:AMSC – Free Report) by 376.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,328 shares of the technology company’s stock after purchasing an additional 46,080 shares during the period. Barclays PLC owned 0.15% of American Superconductor worth $1,377,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. Hood River Capital Management LLC grew its stake in shares of American Superconductor by 7.2% in the 2nd quarter. Hood River Capital Management LLC now owns 1,735,014 shares of the technology company’s stock valued at $40,582,000 after buying an additional 116,207 shares during the period. State Street Corp boosted its holdings in American Superconductor by 18.3% in the third quarter. State Street Corp now owns 906,250 shares of the technology company’s stock worth $21,388,000 after acquiring an additional 140,106 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. Charles Schwab Investment Management Inc. grew its stake in American Superconductor by 211.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 304,528 shares of the technology company’s stock valued at $7,187,000 after acquiring an additional 206,655 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of American Superconductor by 65.6% during the second quarter. Renaissance Technologies LLC now owns 187,989 shares of the technology company’s stock valued at $4,397,000 after acquiring an additional 74,500 shares in the last quarter. Institutional investors and hedge funds own 52.28% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently issued reports on AMSC. 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 reaffirmed a “buy” rating and issued a $33.00 price objective on shares of American Superconductor in a research note on Tuesday, September 10th.
American Superconductor Stock Performance
Shares of AMSC opened at $25.06 on Friday. The firm has a market capitalization of $988.69 million, a P/E ratio of -501.10 and a beta of 2.21. American Superconductor Co. has a 52 week low of $9.37 and a 52 week high of $38.02. The stock has a 50 day moving average price of $28.90 and a two-hundred day moving average price of $25.26.
About American Superconductor
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.
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