American Superconductor Co. (NASDAQ:AMSC) Shares Purchased by LPL Financial LLC

LPL Financial LLC lifted its stake in American Superconductor Co. (NASDAQ:AMSC - Free Report) by 332.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,534 shares of the technology company's stock after buying an additional 44,985 shares during the quarter. LPL Financial LLC owned approximately 0.15% of American Superconductor worth $1,442,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its position in American Superconductor by 828.6% in the 3rd quarter. FMR LLC now owns 14,690 shares of the technology company's stock worth $347,000 after purchasing an additional 13,108 shares in the last quarter. State Street Corp boosted its position in American Superconductor by 18.3% in the 3rd quarter. State Street Corp now owns 906,250 shares of the technology company's stock worth $21,388,000 after purchasing an additional 140,106 shares in the last quarter. Barclays PLC lifted its position in shares of American Superconductor by 376.2% during the 3rd quarter. Barclays PLC now owns 58,328 shares of the technology company's stock valued at $1,377,000 after buying an additional 46,080 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of American Superconductor by 4.5% during the 3rd quarter. Geode Capital Management LLC now owns 847,412 shares of the technology company's stock valued at $20,003,000 after buying an additional 36,511 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new position in shares of American Superconductor during the 3rd quarter valued at approximately $781,000. 52.28% of the stock is owned by institutional investors and hedge funds.

American Superconductor Stock Performance

Shares of NASDAQ:AMSC traded up $1.34 during midday trading on Wednesday, reaching $19.76. 116,980 shares of the company's stock traded hands, compared to its average volume of 1,099,867. The company has a fifty day simple moving average of $20.50 and a two-hundred day simple moving average of $25.41. The company has a market cap of $779.73 million, a P/E ratio of 282.33 and a beta of 2.58. American Superconductor Co. has a 1 year low of $11.36 and a 1 year high of $38.02.

American Superconductor (NASDAQ:AMSC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.09 earnings per share for the quarter, beating 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%. As a group, research analysts forecast that American Superconductor Co. will post 0.41 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.