Barclays PLC Acquires 46,080 Shares of American Superconductor Co. (NASDAQ:AMSC)

Barclays PLC raised its position in shares of American Superconductor Co. (NASDAQ:AMSC) by 376.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,328 shares of the technology company’s stock after buying an additional 46,080 shares during the quarter. Barclays PLC owned about 0.15% of American Superconductor worth $1,377,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AMSC. Amalgamated Bank bought a new stake in shares of American Superconductor in the 2nd quarter worth about $28,000. CWM LLC purchased a new position in American Superconductor during the third quarter worth $57,000. Quest Partners LLC bought a new position in American Superconductor during the third quarter valued at $88,000. Canada Pension Plan Investment Board purchased a new stake in shares of American Superconductor in the second quarter valued at $96,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of American Superconductor in the 3rd quarter worth about $277,000. Hedge funds and other institutional investors own 52.28% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reissued a “buy” rating and set a $29.00 target price on shares of American Superconductor in a research note on Monday, September 30th.

American Superconductor Trading Down 0.3 %

Shares of NASDAQ:AMSC opened at $27.08 on Monday. American Superconductor Co. has a 12-month low of $9.37 and a 12-month high of $38.02. The business’s fifty day simple moving average is $29.46 and its 200-day simple moving average is $25.42. The company has a market capitalization of $1.07 billion, a PE ratio of -541.49 and a beta of 2.28.

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.