Barclays PLC increased its stake in American Superconductor Co. (NASDAQ:AMSC - Free Report) by 376.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,328 shares of the technology company's stock after purchasing an additional 46,080 shares during the quarter. Barclays PLC owned 0.15% of American Superconductor worth $1,377,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. Amalgamated Bank bought a new stake in shares of American Superconductor during the second quarter valued at approximately $28,000. CWM LLC purchased a new stake in American Superconductor in the 3rd quarter worth $57,000. Quest Partners LLC bought a new position in shares of American Superconductor during the 3rd quarter valued at about $88,000. Canada Pension Plan Investment Board bought a new stake in shares of American Superconductor in the second quarter worth about $96,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in American Superconductor during the third quarter valued at approximately $277,000. Institutional investors own 52.28% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Roth Mkm restated a "buy" rating and set a $29.00 price objective on shares of American Superconductor in a research report on Monday, September 30th.
Read Our Latest Report on AMSC
American Superconductor Stock Performance
American Superconductor stock opened at $26.13 on Monday. American Superconductor Co. has a fifty-two week low of $9.37 and a fifty-two week high of $38.02. The company has a market capitalization of $1.03 billion, a PE ratio of -522.50 and a beta of 2.28. The company has a 50 day moving average price of $29.46 and a 200-day moving average price of $25.42.
American Superconductor Company Profile
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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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