Charles Schwab Investment Management Inc. Has $7.19 Million Stock Position in American Superconductor Co. (NASDAQ:AMSC)

Charles Schwab Investment Management Inc. boosted its stake in American Superconductor Co. (NASDAQ:AMSC - Free Report) by 211.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 304,528 shares of the technology company's stock after buying an additional 206,655 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.77% of American Superconductor worth $7,187,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Amalgamated Bank acquired a new stake in shares of American Superconductor in the 2nd quarter valued at $28,000. nVerses Capital LLC bought a new position in American Superconductor during the 2nd quarter valued at about $42,000. CWM LLC acquired a new position in American Superconductor in the third quarter valued at about $57,000. Quest Partners LLC acquired a new position in American Superconductor in the third quarter valued at about $88,000. Finally, Canada Pension Plan Investment Board bought a new stake in American Superconductor during the second quarter worth about $96,000. 52.28% of the stock is currently owned by institutional investors.

American Superconductor Stock Down 8.5 %

NASDAQ:AMSC traded down $2.44 during mid-day trading on Thursday, reaching $26.37. 1,689,671 shares of the company were exchanged, compared to its average volume of 1,076,180. The stock has a market cap of $1.04 billion, a PE ratio of -525.60 and a beta of 2.21. American Superconductor Co. has a 12 month low of $9.37 and a 12 month high of $38.02. The company has a fifty day moving average of $28.49 and a 200 day moving average of $24.78.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AMSC. Roth Mkm reiterated a "buy" rating and issued a $29.00 target price on shares of American Superconductor in a research note on Monday, September 30th. Craig Hallum reiterated a "buy" rating and issued a $33.00 price objective on shares of American Superconductor in a research report on Tuesday, September 10th.

American Superconductor Company 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.