ArrowMark Colorado Holdings LLC Sells 41,000 Shares of American Superconductor Co. (NASDAQ:AMSC)

ArrowMark Colorado Holdings LLC cut its position in American Superconductor Co. (NASDAQ:AMSC - Free Report) by 16.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,432 shares of the technology company's stock after selling 41,000 shares during the quarter. ArrowMark Colorado Holdings LLC owned about 0.52% of American Superconductor worth $4,848,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lisanti Capital Growth LLC boosted its position in American Superconductor by 110.2% during the third 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 during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of American Superconductor during the third quarter worth $10,246,000. Vanguard Group Inc. lifted its holdings in shares of American Superconductor by 30.5% during the first quarter. Vanguard Group Inc. now owns 1,698,934 shares of the technology company's stock worth $22,953,000 after buying an additional 396,814 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of American Superconductor during the third quarter worth $485,000. Finally, SG Americas Securities LLC acquired a new stake in shares of American Superconductor during the second quarter worth $2,704,000. 52.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on AMSC. Roth Mkm reaffirmed a "buy" rating and issued a $29.00 price target on shares of American Superconductor in a research note on Monday, September 30th. Craig Hallum reaffirmed a "buy" rating and issued a $33.00 price target on shares of American Superconductor in a research note on Tuesday, September 10th.

American Superconductor Stock Performance

Shares of NASDAQ:AMSC traded up $0.43 during midday trading on Tuesday, hitting $34.49. 1,277,614 shares of the stock were exchanged, compared to its average volume of 1,582,176. The business's 50-day moving average price is $27.30 and its 200 day moving average price is $24.05. American Superconductor Co. has a 12 month low of $9.37 and a 12 month high of $38.02.

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.