Atria Wealth Solutions Inc. Buys 500 Shares of American Superconductor Co. (NASDAQ:AMSC)

Atria Wealth Solutions Inc. increased its stake in shares of American Superconductor Co. (NASDAQ:AMSC) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,475 shares of the technology company’s stock after buying an additional 500 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in American Superconductor were worth $307,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew 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. Centiva Capital LP bought a new stake in American Superconductor during the third quarter worth $456,000. Main Management ETF Advisors LLC bought a new stake in American Superconductor during the third quarter worth $806,000. Lisanti Capital Growth LLC grew its holdings in American Superconductor by 110.2% during the third quarter. Lisanti Capital Growth LLC now owns 131,340 shares of the technology company’s stock worth $3,100,000 after buying an additional 68,845 shares in the last quarter. Finally, Franklin Resources Inc. bought a new stake in American Superconductor during the third quarter worth $781,000. Institutional investors own 52.28% of the company’s stock.

American Superconductor Price Performance

Shares of NASDAQ:AMSC opened at $22.71 on Friday. The company has a market capitalization of $896.14 million, a PE ratio of 324.47 and a beta of 2.26. The business has a fifty day moving average price of $27.46 and a two-hundred day moving average price of $26.11. American Superconductor Co. has a 1 year low of $11.36 and a 1 year high of $38.02.

American Superconductor (NASDAQ:AMSC) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. Sell-side analysts anticipate that American Superconductor Co. will post 0.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Oppenheimer upped their price objective on American Superconductor from $33.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, February 7th.

American Superconductor 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.