Campbell Newman Asset Management Inc. Acquires Shares of 60,205 American Superconductor Co. (NASDAQ:AMSC)

Campbell Newman Asset Management Inc. bought a new position in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 60,205 shares of the technology company's stock, valued at approximately $1,483,000. Campbell Newman Asset Management Inc. owned 0.15% of American Superconductor at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Range Financial Group LLC bought a new stake in shares of American Superconductor in the 4th quarter valued at $1,035,000. Franklin Resources Inc. acquired a new position in American Superconductor in the third quarter valued at $781,000. Barclays PLC boosted its position in American Superconductor by 376.2% during the third quarter. Barclays PLC now owns 58,328 shares of the technology company's stock valued at $1,377,000 after acquiring an additional 46,080 shares during the last quarter. Geode Capital Management LLC grew its holdings in American Superconductor by 4.5% during the 3rd quarter. Geode Capital Management LLC now owns 847,412 shares of the technology company's stock worth $20,003,000 after acquiring an additional 36,511 shares during the period. Finally, Main Management ETF Advisors LLC bought a new position in shares of American Superconductor in the 3rd quarter worth about $806,000. Institutional investors own 52.28% of the company's stock.

Analyst Ratings Changes

Separately, Roth Mkm restated a "buy" rating and set a $29.00 target price on shares of American Superconductor in a research report on Monday, September 30th.

American Superconductor Price Performance

Shares of American Superconductor stock traded up $1.66 during trading on Wednesday, reaching $28.05. 679,962 shares of the company traded hands, compared to its average volume of 984,683. The firm has a market capitalization of $1.11 billion, a PE ratio of -560.89 and a beta of 2.28. The company has a 50 day moving average price of $29.40 and a 200-day moving average price of $25.45. American Superconductor Co. has a 1-year low of $9.37 and a 1-year high of $38.02.

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.