Amundi Buys New Shares in American Superconductor Co. (NASDAQ:AMSC)

Amundi acquired a new position in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 52,911 shares of the technology company's stock, valued at approximately $1,437,000. Amundi owned 0.13% of American Superconductor at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its stake in shares of American Superconductor by 4.1% in the fourth quarter. Arizona State Retirement System now owns 11,092 shares of the technology company's stock valued at $273,000 after buying an additional 439 shares in the last quarter. Atria Wealth Solutions Inc. raised its holdings in American Superconductor by 4.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 12,475 shares of the technology company's stock worth $307,000 after purchasing an additional 500 shares during the last quarter. Rhumbline Advisers raised its holdings in American Superconductor by 1.2% during the fourth quarter. Rhumbline Advisers now owns 51,119 shares of the technology company's stock worth $1,259,000 after purchasing an additional 606 shares during the last quarter. New York State Common Retirement Fund raised its holdings in American Superconductor by 3.8% during the fourth quarter. New York State Common Retirement Fund now owns 66,536 shares of the technology company's stock worth $1,639,000 after purchasing an additional 2,436 shares during the last quarter. Finally, Spire Wealth Management raised its holdings in American Superconductor by 17.7% during the fourth quarter. Spire Wealth Management now owns 17,517 shares of the technology company's stock worth $431,000 after purchasing an additional 2,628 shares during the last quarter. 52.28% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

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

American Superconductor Trading Down 1.1 %

Shares of NASDAQ AMSC traded down $0.23 during trading on Friday, reaching $19.84. The company had a trading volume of 875,818 shares, compared to its average volume of 1,063,404. American Superconductor Co. has a twelve month low of $11.36 and a twelve month high of $38.02. The stock has a market capitalization of $782.89 million, a PE ratio of 283.47 and a beta of 2.45. The stock has a 50-day moving average price of $25.38 and a two-hundred day moving average price of $25.97.

American Superconductor (NASDAQ:AMSC - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates 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 predict that American Superconductor Co. will post 0.41 EPS for the current 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.