American Superconductor Co. (NASDAQ:AMSC) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of American Superconductor Co. (NASDAQ:AMSC) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 847,412 shares of the technology company’s stock after acquiring an additional 36,511 shares during the period. Geode Capital Management LLC owned 2.15% of American Superconductor worth $20,003,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Barclays PLC grew its position in shares of American Superconductor by 376.2% in the 3rd quarter. Barclays PLC now owns 58,328 shares of the technology company’s stock valued at $1,377,000 after buying an additional 46,080 shares during the last quarter. Main Management ETF Advisors LLC acquired a new stake in shares of American Superconductor in the 3rd quarter valued at about $806,000. State Street Corp grew its position in shares of American Superconductor by 18.3% during the third quarter. State Street Corp now owns 906,250 shares of the technology company’s stock worth $21,388,000 after acquiring an additional 140,106 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of American Superconductor in the 3rd quarter valued at $373,000. Finally, Centiva Capital LP acquired a new stake in shares of American Superconductor during the third quarter worth about $456,000. Hedge funds and other institutional investors own 52.28% of the company’s stock.

American Superconductor Price Performance

AMSC opened at $25.06 on Friday. American Superconductor Co. has a 1-year low of $9.37 and a 1-year high of $38.02. The stock has a market cap of $988.69 million, a P/E ratio of -501.10 and a beta of 2.21. The stock’s 50 day simple moving average is $28.90 and its 200 day simple moving average is $25.26.

Analysts Set New Price Targets

Several research firms have recently commented on AMSC. Roth Mkm restated a “buy” rating and set a $29.00 price target on shares of American Superconductor in a research note on Monday, September 30th. Craig Hallum reiterated a “buy” rating and issued a $33.00 price objective on shares of American Superconductor in a research note on Tuesday, September 10th.

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.