Quantum Private Wealth LLC Invests $281,000 in American Superconductor Co. (NASDAQ:AMSC)

Quantum Private Wealth LLC acquired a new stake in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,423 shares of the technology company's stock, valued at approximately $281,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp grew its position 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 buying an additional 140,106 shares during the last quarter. Geode Capital Management LLC grew its holdings in American Superconductor by 4.5% in the third quarter. Geode Capital Management LLC now owns 847,412 shares of the technology company's stock worth $20,003,000 after purchasing an additional 36,511 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of American Superconductor during the third quarter worth $10,246,000. Charles Schwab Investment Management Inc. lifted its holdings 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 purchasing an additional 206,655 shares during the last quarter. Finally, Lisanti Capital Growth LLC lifted its holdings in shares of 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 during the last quarter. Hedge funds and other institutional investors own 52.28% of the company's stock.

American Superconductor Stock Performance

AMSC stock traded down $0.96 during trading on Wednesday, reaching $31.45. The company had a trading volume of 632,493 shares, compared to its average volume of 1,203,377. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 449.35 and a beta of 2.26. American Superconductor Co. has a twelve month low of $11.36 and a twelve month high of $38.02. The firm has a 50-day simple moving average of $27.58 and a 200-day simple moving average of $25.90.

American Superconductor (NASDAQ:AMSC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.09 EPS for the quarter, topping 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%. Sell-side analysts expect that American Superconductor Co. will post 0.41 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Oppenheimer boosted their target price on American Superconductor from $33.00 to $39.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th.

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.