Capital Fund Management S.A. Has $1.20 Million Position in American Superconductor Co. (NASDAQ:AMSC)

Capital Fund Management S.A. lowered its holdings in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) by 37.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,622 shares of the technology company's stock after selling 29,023 shares during the quarter. Capital Fund Management S.A. owned approximately 0.12% of American Superconductor worth $1,198,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in American Superconductor in the fourth quarter worth approximately $65,000. Jones Financial Companies Lllp grew its position in shares of American Superconductor by 1,083.2% during the fourth 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 in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of American Superconductor by 8,670.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company's stock valued at $73,000 after purchasing an additional 2,948 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in American Superconductor during the 4th quarter worth about $170,000. Finally, Tradewinds LLC. acquired a new position in shares of American Superconductor in the 4th quarter valued at $176,000. Institutional investors and hedge funds own 52.28% of the company's stock.

American Superconductor Stock Down 5.4 %

Shares of AMSC stock traded down $0.99 on Monday, reaching $17.43. 52,653 shares of the stock were exchanged, compared to its average volume of 1,101,676. The firm has a 50 day moving average of $21.02 and a two-hundred day moving average of $25.51. The stock has a market cap of $687.59 million, a P/E ratio of 248.46 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 quarterly earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.02. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. On average, equities research analysts predict that American Superconductor Co. will post 0.41 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Oppenheimer boosted their price objective on shares of American Superconductor from $33.00 to $39.00 and gave the company an "outperform" rating in a research note 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.