Swiss National Bank Has $1.86 Million Position in American Superconductor Co. (NASDAQ:AMSC)

Swiss National Bank grew its holdings in American Superconductor Co. (NASDAQ:AMSC) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,300 shares of the technology company’s stock after acquiring an additional 3,100 shares during the quarter. Swiss National Bank owned 0.19% of American Superconductor worth $1,855,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of AMSC. Charles Schwab Investment Management Inc. increased its position in shares of American Superconductor by 211.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 304,528 shares of the technology company’s stock worth $7,187,000 after purchasing an additional 206,655 shares in the last quarter. Centiva Capital LP bought a new position in shares of American Superconductor in the 3rd quarter valued at about $456,000. Main Management ETF Advisors LLC acquired a new stake in shares of American Superconductor during the 3rd quarter worth approximately $806,000. Franklin Resources Inc. bought a new stake in shares of American Superconductor during the third quarter worth approximately $781,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of American Superconductor during the 3rd quarter valued at $1,424,000. 52.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Oppenheimer increased their price objective on shares of American Superconductor from $33.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th.

American Superconductor Stock Performance

Shares of AMSC stock opened at $18.78 on Friday. The company has a market capitalization of $741.06 million, a price-to-earnings ratio of 268.32 and a beta of 2.45. American Superconductor Co. has a 52 week low of $11.36 and a 52 week high of $38.02. The company has a 50-day simple moving average of $24.69 and a 200 day simple moving average of $26.02.

American Superconductor (NASDAQ:AMSC) last released its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share 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%. Sell-side analysts forecast that American Superconductor Co. will post 0.41 EPS 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.