Rhumbline Advisers Purchases 606 Shares of American Superconductor Co. (NASDAQ:AMSC)

Rhumbline Advisers lifted its holdings in American Superconductor Co. (NASDAQ:AMSC) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,119 shares of the technology company’s stock after acquiring an additional 606 shares during the period. Rhumbline Advisers owned approximately 0.13% of American Superconductor worth $1,259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quest Partners LLC acquired a new stake in American Superconductor during the third quarter worth approximately $88,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of American Superconductor during the 3rd quarter worth approximately $277,000. Heck Capital Advisors LLC bought a new stake in shares of American Superconductor in the 4th quarter valued at $279,000. PFG Investments LLC acquired a new position in shares of American Superconductor during the 4th quarter valued at $280,000. Finally, FMR LLC boosted its stake in American Superconductor by 828.6% during the third quarter. FMR LLC now owns 14,690 shares of the technology company’s stock worth $347,000 after acquiring an additional 13,108 shares in the last quarter. 52.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Oppenheimer lifted their price target on shares of 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 Stock Performance

Shares of American Superconductor stock opened at $19.99 on Thursday. The stock has a market capitalization of $788.81 million, a PE ratio of 285.61 and a beta of 2.26. American Superconductor Co. has a 52 week low of $11.36 and a 52 week high of $38.02. The stock has a 50 day moving average price of $27.14 and a two-hundred day moving average price of $26.12.

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

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.