SG Americas Securities LLC Has $189,000 Position in American Superconductor Co. (NASDAQ:AMSC)

SG Americas Securities LLC trimmed its position in American Superconductor Co. (NASDAQ:AMSC) by 93.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,013 shares of the technology company’s stock after selling 107,602 shares during the quarter. SG Americas Securities LLC’s holdings in American Superconductor were worth $189,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AWM Investment Company Inc. boosted its position in shares of American Superconductor by 19.4% in the first quarter. AWM Investment Company Inc. now owns 2,661,319 shares of the technology company’s stock valued at $35,954,000 after acquiring an additional 433,018 shares during the period. Baillie Gifford & Co. boosted its holdings in American Superconductor by 21.1% in the 1st quarter. Baillie Gifford & Co. now owns 2,526,550 shares of the technology company’s stock valued at $34,134,000 after purchasing an additional 440,271 shares during the period. Hood River Capital Management LLC grew its position in shares of American Superconductor by 7.2% during the 2nd quarter. Hood River Capital Management LLC now owns 1,735,014 shares of the technology company’s stock worth $40,582,000 after purchasing an additional 116,207 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of American Superconductor by 30.5% during the first quarter. Vanguard Group Inc. now owns 1,698,934 shares of the technology company’s stock worth $22,953,000 after purchasing an additional 396,814 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of American Superconductor by 643.4% during the second quarter. Assenagon Asset Management S.A. now owns 1,057,064 shares of the technology company’s stock worth $24,725,000 after purchasing an additional 914,872 shares during the period. 52.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

American Superconductor Trading Down 5.0 %

NASDAQ AMSC opened at $22.19 on Thursday. The firm’s 50 day simple moving average is $21.92 and its 200 day simple moving average is $20.53. The firm has a market capitalization of $820.99 million, a price-to-earnings ratio of -56.90 and a beta of 2.14. American Superconductor Co. has a 1 year low of $6.05 and a 1 year high of $32.70.

American Superconductor (NASDAQ:AMSC) last issued its earnings results on Tuesday, August 6th. The technology company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.09. American Superconductor had a positive return on equity of 1.15% and a negative net margin of 5.29%. The firm had revenue of $40.29 million for the quarter, compared to the consensus estimate of $39.55 million. On average, equities research analysts forecast that American Superconductor Co. will post 0.17 earnings per share for the current year.

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.