UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $1.42 Million in American Superconductor Co. (NASDAQ:AMSC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in American Superconductor Co. (NASDAQ:AMSC - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 60,332 shares of the technology company's stock, valued at approximately $1,424,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of American Superconductor at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AMSC. Bank of New York Mellon Corp lifted its holdings in American Superconductor by 524.1% in the second quarter. Bank of New York Mellon Corp now owns 122,239 shares of the technology company's stock valued at $2,859,000 after buying an additional 102,652 shares during the period. Legato Capital Management LLC boosted its position in shares of American Superconductor by 10.2% during the 2nd quarter. Legato Capital Management LLC now owns 98,787 shares of the technology company's stock valued at $2,311,000 after purchasing an additional 9,120 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of American Superconductor during the 2nd quarter valued at about $42,000. Lisanti Capital Growth LLC acquired a new stake in American Superconductor during the second quarter worth approximately $1,462,000. Finally, Hussman Strategic Advisors Inc. increased its holdings in American Superconductor by 20.0% in the second quarter. Hussman Strategic Advisors Inc. now owns 126,000 shares of the technology company's stock worth $2,947,000 after purchasing an additional 21,000 shares in the last quarter. 52.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently 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 reissued a "buy" rating and set a $33.00 target price on shares of American Superconductor in a research note on Tuesday, September 10th.

American Superconductor Trading Up 4.5 %

AMSC stock traded up $1.16 during trading on Wednesday, reaching $27.09. 270,090 shares of the stock were exchanged, compared to its average volume of 1,076,176. The firm's 50 day moving average is $28.74 and its 200 day moving average is $25.09. The firm has a market cap of $1.07 billion, a P/E ratio of -518.50 and a beta of 2.21. American Superconductor Co. has a twelve month low of $9.37 and a twelve month high of $38.02.

American Superconductor Profile

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.