American Superconductor Co. (NASDAQ:AMSC) Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC decreased its position in American Superconductor Co. (NASDAQ:AMSC - Free Report) by 51.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,276 shares of the technology company's stock after selling 57,676 shares during the period. Legato Capital Management LLC owned 0.14% of American Superconductor worth $1,337,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. State Street Corp boosted its holdings in shares of American Superconductor by 18.3% in the third quarter. State Street Corp now owns 906,250 shares of the technology company's stock valued at $21,388,000 after purchasing an additional 140,106 shares during the period. Geode Capital Management LLC raised its stake in American Superconductor by 4.5% in the third quarter. Geode Capital Management LLC now owns 847,412 shares of the technology company's stock worth $20,003,000 after buying an additional 36,511 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in American Superconductor in the third quarter worth approximately $10,246,000. Charles Schwab Investment Management Inc. raised its stake in American Superconductor by 211.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 304,528 shares of the technology company's stock worth $7,187,000 after buying an additional 206,655 shares in the last quarter. Finally, Lisanti Capital Growth LLC raised its stake in American Superconductor by 110.2% in the third quarter. Lisanti Capital Growth LLC now owns 131,340 shares of the technology company's stock worth $3,100,000 after buying an additional 68,845 shares in the last quarter. Hedge funds and other institutional investors own 52.28% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Oppenheimer boosted their price objective on shares of American Superconductor from $33.00 to $39.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th.

American Superconductor Trading Down 1.7 %

Shares of AMSC stock traded down $0.53 during trading hours on Friday, reaching $31.16. 923,859 shares of the company's stock were exchanged, compared to its average volume of 1,152,223. The stock's 50 day moving average is $27.43 and its 200-day moving average is $25.75. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 445.21 and a beta of 2.26. American Superconductor Co. has a fifty-two week low of $11.36 and a fifty-two week high of $38.02.

American Superconductor (NASDAQ:AMSC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping 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%. Equities analysts anticipate that American Superconductor Co. will post 0.37 EPS for the current year.

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.