Quest Partners LLC bought a new stake in American Superconductor Co. (NASDAQ:AMSC – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,746 shares of the technology company’s stock, valued at approximately $88,000.
Several other hedge funds have also bought and sold shares of AMSC. Assenagon Asset Management S.A. lifted its stake in American Superconductor by 643.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,057,064 shares of the technology company’s stock valued at $24,725,000 after purchasing an additional 914,872 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in American Superconductor in the 3rd quarter valued at about $10,246,000. Vanguard Group Inc. lifted its stake in American Superconductor by 30.5% in the 1st quarter. Vanguard Group Inc. now owns 1,698,934 shares of the technology company’s stock valued at $22,953,000 after purchasing an additional 396,814 shares during the last quarter. Rice Hall James & Associates LLC acquired a new stake in American Superconductor during the second quarter worth approximately $3,468,000. Finally, Hood River Capital Management LLC lifted its position in American Superconductor by 7.2% during the second quarter. Hood River Capital Management LLC now owns 1,735,014 shares of the technology company’s stock worth $40,582,000 after acquiring an additional 116,207 shares during the last quarter. 52.28% of the stock is currently owned by institutional investors and hedge funds.
American Superconductor Trading Up 5.2 %
NASDAQ AMSC opened at $34.06 on Friday. American Superconductor Co. has a 1-year low of $9.18 and a 1-year high of $38.02. The company has a 50 day moving average of $27.10 and a 200-day moving average of $23.77. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -681.20 and a beta of 2.14.
Analyst Ratings Changes
View Our Latest Research Report on AMSC
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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