Heck Capital Advisors LLC purchased a new stake in American Superconductor Co. (NASDAQ:AMSC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,312 shares of the technology company's stock, valued at approximately $279,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of American Superconductor in the third quarter valued at $10,246,000. Charles Schwab Investment Management Inc. grew 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 valued at $7,187,000 after buying an additional 206,655 shares during the last quarter. State Street Corp increased its holdings in shares of American Superconductor by 18.3% in the 3rd 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 period. KBC Group NV acquired a new position in shares of American Superconductor during the fourth quarter valued at $2,492,000. Finally, Lisanti Capital Growth LLC boosted its stake in American Superconductor by 110.2% during the 3rd quarter. Lisanti Capital Growth LLC now owns 131,340 shares of the technology company's stock valued at $3,100,000 after purchasing an additional 68,845 shares in the last quarter. 52.28% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Oppenheimer boosted their price target on shares of American Superconductor from $29.00 to $33.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th.
Read Our Latest Report on AMSC
American Superconductor Trading Up 1.8 %
Shares of AMSC stock traded up $0.46 on Wednesday, reaching $25.78. The company had a trading volume of 729,048 shares, compared to its average volume of 917,352. The company has a 50-day moving average of $27.77 and a 200-day moving average of $25.45. American Superconductor Co. has a 12 month low of $10.19 and a 12 month high of $38.02. The stock has a market cap of $1.02 billion, a PE ratio of -515.62 and a beta of 2.26.
About American Superconductor
(
Free Report)
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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