Royce & Associates LP Sells 116,242 Shares of American Superconductor Co. (NASDAQ:AMSC)

Royce & Associates LP cut its stake in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) by 12.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 838,932 shares of the technology company's stock after selling 116,242 shares during the quarter. Royce & Associates LP owned approximately 2.13% of American Superconductor worth $20,663,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in shares of American Superconductor during the 4th quarter worth about $65,000. Jones Financial Companies Lllp raised its stake in American Superconductor by 1,083.2% during the 4th quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company's stock worth $73,000 after buying an additional 2,708 shares during the period. PNC Financial Services Group Inc. boosted its holdings in American Superconductor by 8,670.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company's stock worth $73,000 after acquiring an additional 2,948 shares in the last quarter. Quest Partners LLC bought a new position in American Superconductor in the third quarter worth approximately $88,000. Finally, Truist Financial Corp acquired a new stake in American Superconductor in the fourth quarter valued at approximately $251,000. 52.28% of the stock is owned by institutional investors.

American Superconductor Trading Up 0.1 %

Shares of AMSC traded up $0.02 on Thursday, reaching $20.07. The company's stock had a trading volume of 793,299 shares, compared to its average volume of 1,060,164. American Superconductor Co. has a twelve month low of $11.36 and a twelve month high of $38.02. The stock has a market capitalization of $791.96 million, a PE ratio of 286.76 and a beta of 2.45. The firm has a fifty day moving average of $25.67 and a 200-day moving average of $26.02.

Remove Ads

American Superconductor (NASDAQ:AMSC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.09 EPS for the quarter, topping the consensus estimate 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, equities analysts anticipate that American Superconductor Co. will post 0.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.