Wellington Management Group LLP bought a new position in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 461,230 shares of the technology company's stock, valued at approximately $11,360,000. Wellington Management Group LLP owned 1.17% of American Superconductor as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new stake in American Superconductor in the fourth quarter worth $65,000. Jones Financial Companies Lllp raised its stake in American Superconductor by 1,083.2% during the 4th quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company's stock worth $73,000 after buying an additional 2,708 shares during the period. PNC Financial Services Group Inc. lifted its holdings in American Superconductor by 8,670.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company's stock worth $73,000 after acquiring an additional 2,948 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in American Superconductor in the fourth quarter valued at about $170,000. Finally, Truist Financial Corp bought a new stake in shares of American Superconductor in the fourth quarter worth about $251,000. Institutional investors own 52.28% of the company's stock.
American Superconductor Trading Up 0.9 %
Shares of American Superconductor stock traded up $0.17 during trading on Tuesday, reaching $18.35. The stock had a trading volume of 82,958 shares, compared to its average volume of 1,093,843. The company has a market capitalization of $723.89 million, a price-to-earnings ratio of 262.11 and a beta of 2.58. The stock has a fifty day moving average price of $22.18 and a two-hundred day moving average price of $25.61. American Superconductor Co. has a 52 week low of $11.36 and a 52 week high of $38.02.
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, beating 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, equities analysts forecast that American Superconductor Co. will post 0.41 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, Oppenheimer increased 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.
Read Our Latest Stock Report on AMSC
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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