Centiva Capital LP purchased a new position in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 19,319 shares of the technology company's stock, valued at approximately $456,000.
Several other hedge funds also recently made changes to their positions in AMSC. Vanguard Group Inc. increased its holdings in American Superconductor by 30.5% during the first quarter. Vanguard Group Inc. now owns 1,698,934 shares of the technology company's stock worth $22,953,000 after buying an additional 396,814 shares during the last quarter. SG Americas Securities LLC acquired a new position in American Superconductor during the second quarter worth $2,704,000. Assenagon Asset Management S.A. increased its holdings in American Superconductor by 643.4% during the second quarter. Assenagon Asset Management S.A. now owns 1,057,064 shares of the technology company's stock worth $24,725,000 after buying an additional 914,872 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in American Superconductor by 524.1% during the second quarter. Bank of New York Mellon Corp now owns 122,239 shares of the technology company's stock worth $2,859,000 after buying an additional 102,652 shares during the last quarter. Finally, Legato Capital Management LLC increased its holdings in American Superconductor by 10.2% during the second quarter. Legato Capital Management LLC now owns 98,787 shares of the technology company's stock worth $2,311,000 after buying an additional 9,120 shares during the last quarter. 52.28% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have commented on AMSC shares. Roth Mkm reaffirmed a "buy" rating and set a $29.00 price objective on shares of American Superconductor in a research report on Monday, September 30th. Craig Hallum reaffirmed a "buy" rating and set a $33.00 price objective on shares of American Superconductor in a research report on Tuesday, September 10th.
Check Out Our Latest Research Report on American Superconductor
American Superconductor Price Performance
AMSC stock traded down $2.47 during midday trading on Monday, reaching $28.73. 2,046,774 shares of the company were exchanged, compared to its average volume of 1,069,006. The business has a 50-day moving average price of $28.24 and a two-hundred day moving average price of $24.67. American Superconductor Co. has a one year low of $9.37 and a one year high of $38.02. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of -574.49 and a beta of 2.21.
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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