Intech Investment Management LLC Invests $355,000 in American Superconductor Co. (NASDAQ:AMSC)

Intech Investment Management LLC acquired a new stake in American Superconductor Co. (NASDAQ:AMSC - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,408 shares of the technology company's stock, valued at approximately $355,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Quest Partners LLC acquired a new position in shares of American Superconductor in the 3rd quarter valued at $88,000. Charles Schwab Investment Management Inc. lifted its position in American Superconductor by 211.1% in the third 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. Dynamic Technology Lab Private Ltd purchased a new position in American Superconductor during the third quarter worth about $1,207,000. FMR LLC raised its stake in shares of American Superconductor by 828.6% in the 3rd quarter. FMR LLC now owns 14,690 shares of the technology company's stock valued at $347,000 after acquiring an additional 13,108 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of American Superconductor by 12.6% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 44,075 shares of the technology company's stock worth $1,040,000 after purchasing an additional 4,929 shares during the period. 52.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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American Superconductor Stock Down 3.2 %

AMSC stock traded down $0.62 during midday trading on Friday, hitting $18.78. The company's stock had a trading volume of 465,430 shares, compared to its average volume of 1,083,262. American Superconductor Co. has a 52-week low of $11.36 and a 52-week high of $38.02. The firm has a 50-day simple moving average of $24.69 and a 200-day simple moving average of $26.05. The firm has a market capitalization of $741.06 million, a P/E ratio of 268.32 and a beta of 2.45.

American Superconductor (NASDAQ:AMSC - Get Free Report) last released its earnings results 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 return on equity of 8.95% and a net margin of 1.64%. On average, sell-side analysts expect that American Superconductor Co. will post 0.41 earnings per share for the current fiscal 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.