Private Advisor Group LLC Acquires Shares of 10,737 American Superconductor Co. (NASDAQ:AMSC)

Private Advisor Group LLC purchased a new position in shares of American Superconductor Co. (NASDAQ:AMSC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,737 shares of the technology company’s stock, valued at approximately $264,000.

A number of other large investors have also added to or reduced their stakes in AMSC. Charles Schwab Investment Management Inc. increased its stake in shares of 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 worth $7,187,000 after buying an additional 206,655 shares during the last quarter. State Street Corp boosted its holdings in shares of American Superconductor by 18.3% in the 3rd quarter. State Street Corp now owns 906,250 shares of the technology company’s stock valued at $21,388,000 after buying an additional 140,106 shares during the period. KBC Group NV acquired a new position in shares of American Superconductor in the 4th quarter valued at about $2,492,000. Lisanti Capital Growth LLC grew its position in shares of American Superconductor by 110.2% during the 3rd quarter. Lisanti Capital Growth LLC now owns 131,340 shares of the technology company’s stock valued at $3,100,000 after buying an additional 68,845 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in American Superconductor during the third quarter worth about $1,424,000. 52.28% of the stock is owned by institutional investors and hedge funds.

American Superconductor Stock Performance

AMSC stock opened at $19.99 on Thursday. American Superconductor Co. has a 1 year low of $11.36 and a 1 year high of $38.02. The stock’s fifty day moving average is $27.14 and its two-hundred day moving average is $26.12. The stock has a market capitalization of $788.81 million, a price-to-earnings ratio of 285.61 and a beta of 2.26.

American Superconductor (NASDAQ:AMSC) last posted its earnings results 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 net margin of 1.64% and a return on equity of 8.95%. As a group, analysts predict that American Superconductor Co. will post 0.41 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Oppenheimer lifted their target price 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 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.