American Superconductor Co. (NASDAQ:AMSC) Position Trimmed by Andrew Hill Investment Advisors Inc.

Andrew Hill Investment Advisors Inc. cut its position in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) by 38.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 114,971 shares of the technology company's stock after selling 72,569 shares during the quarter. American Superconductor accounts for about 2.1% of Andrew Hill Investment Advisors Inc.'s investment portfolio, making the stock its 21st largest holding. Andrew Hill Investment Advisors Inc. owned about 0.29% of American Superconductor worth $2,832,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of American Superconductor by 211.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 304,528 shares of the technology company's stock valued at $7,187,000 after buying an additional 206,655 shares during the period. FMR LLC lifted its holdings in American Superconductor by 828.6% in the third quarter. FMR LLC now owns 14,690 shares of the technology company's stock worth $347,000 after acquiring an additional 13,108 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in American Superconductor in the third quarter valued at approximately $1,424,000. Janus Henderson Group PLC bought a new position in shares of American Superconductor during the third quarter valued at approximately $373,000. Finally, State Street Corp raised its position in shares of American Superconductor by 18.3% during 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 during the period. Institutional investors and hedge funds own 52.28% of the company's stock.

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American Superconductor Stock Performance

Shares of NASDAQ:AMSC traded down $0.11 during trading hours on Tuesday, hitting $18.07. The stock had a trading volume of 164,174 shares, compared to its average volume of 1,013,839. The stock's fifty day simple moving average is $22.18 and its 200 day simple moving average is $25.61. The firm has a market capitalization of $713.04 million, a price-to-earnings ratio of 258.18 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 earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share for the quarter, beating 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, research analysts anticipate that American Superconductor Co. will post 0.41 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Oppenheimer boosted their price objective 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.