Baillie Gifford & Co. Sells 456,605 Shares of American Superconductor Co. (NASDAQ:AMSC)

Baillie Gifford & Co. lowered its holdings in American Superconductor Co. (NASDAQ:AMSC - Free Report) by 21.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,649,790 shares of the technology company's stock after selling 456,605 shares during the period. Baillie Gifford & Co. owned approximately 4.18% of American Superconductor worth $40,634,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AMSC. Charles Schwab Investment Management Inc. increased its position in American Superconductor by 211.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 304,528 shares of the technology company's stock worth $7,187,000 after purchasing an additional 206,655 shares in the last quarter. Centiva Capital LP acquired a new position in American Superconductor during the 3rd quarter worth approximately $456,000. Main Management ETF Advisors LLC acquired a new position in American Superconductor during the 3rd quarter worth approximately $806,000. Lisanti Capital Growth LLC increased its position in American Superconductor by 110.2% during the 3rd quarter. Lisanti Capital Growth LLC now owns 131,340 shares of the technology company's stock worth $3,100,000 after purchasing an additional 68,845 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new position in American Superconductor during the 3rd quarter worth approximately $781,000. Institutional investors own 52.28% of the company's stock.

American Superconductor Stock Down 10.9 %

NASDAQ AMSC traded down $3.13 on Friday, hitting $25.70. The company's stock had a trading volume of 1,489,904 shares, compared to its average volume of 1,208,962. American Superconductor Co. has a 1-year low of $11.36 and a 1-year high of $38.02. The company's 50-day moving average is $27.69 and its 200 day moving average is $25.96. The firm has a market cap of $1.01 billion, a PE ratio of 367.20 and a beta of 2.26.

American Superconductor (NASDAQ:AMSC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. American Superconductor had a net margin of 1.64% and a return on equity of 8.95%. On average, equities analysts expect that American Superconductor Co. will post 0.41 EPS for the current year.

Analysts Set New Price Targets

Separately, Oppenheimer upped their price objective on shares of American Superconductor from $33.00 to $39.00 and gave the stock 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.