Baillie Gifford & Co. trimmed its holdings in American Superconductor Co. (NASDAQ:AMSC - Free Report) by 4.9% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,106,395 shares of the technology company's stock after selling 107,688 shares during the quarter. Baillie Gifford & Co. owned 5.34% of American Superconductor worth $49,711,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in AMSC. Amalgamated Bank bought a new position in shares of American Superconductor in the second quarter worth approximately $28,000. nVerses Capital LLC bought a new stake in American Superconductor in the 2nd quarter worth $42,000. CWM LLC purchased a new position in shares of American Superconductor in the third quarter valued at about $57,000. Canada Pension Plan Investment Board bought a new position in shares of American Superconductor during the second quarter valued at about $96,000. Finally, Virtu Financial LLC bought a new position in shares of American Superconductor during the first quarter valued at about $152,000. Hedge funds and other institutional investors own 52.28% of the company's stock.
American Superconductor Stock Performance
AMSC traded up $0.59 on Wednesday, hitting $36.65. The company had a trading volume of 1,689,241 shares, compared to its average volume of 1,035,762. The stock has a fifty day simple moving average of $23.98 and a 200-day simple moving average of $22.13. American Superconductor Co. has a 52-week low of $8.38 and a 52-week high of $38.02.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on AMSC shares. Roth Mkm restated a "buy" rating and set a $29.00 price target on shares of American Superconductor in a report on Monday, September 30th. Craig Hallum reissued a "buy" rating and set a $33.00 target price on shares of American Superconductor in a research note on Tuesday, September 10th.
Read Our Latest Report on American Superconductor
About American Superconductor
(
Free Report)
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.
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