Charles Schwab Investment Management Inc. lifted its holdings in American Superconductor Co. (NASDAQ:AMSC - Free Report) by 4.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 317,869 shares of the technology company's stock after purchasing an additional 13,341 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.81% of American Superconductor worth $7,829,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new position in shares of American Superconductor during the fourth quarter valued at about $65,000. Jones Financial Companies Lllp grew its position in American Superconductor by 1,083.2% during the 4th quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company's stock worth $73,000 after purchasing an additional 2,708 shares during the last quarter. Quest Partners LLC acquired a new position in American Superconductor during the 3rd quarter valued at approximately $88,000. Truist Financial Corp purchased a new position in shares of American Superconductor in the fourth quarter worth $251,000. Finally, Private Advisor Group LLC acquired a new stake in shares of American Superconductor during the fourth quarter worth $264,000. 52.28% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, Oppenheimer upped their target price on American Superconductor from $33.00 to $39.00 and gave the company an "outperform" rating in a research report on Friday, February 7th.
View Our Latest Analysis on American Superconductor
American Superconductor Stock Performance
NASDAQ AMSC traded down $0.98 during trading hours on Thursday, reaching $19.40. The stock had a trading volume of 532,915 shares, compared to its average volume of 1,065,121. American Superconductor Co. has a 52-week low of $11.36 and a 52-week high of $38.02. The stock has a fifty day moving average of $25.04 and a 200 day moving average of $26.08. The stock has a market cap of $765.52 million, a P/E ratio of 277.18 and a beta of 2.45.
American Superconductor (NASDAQ:AMSC - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. American Superconductor had a net margin of 1.64% and a return on equity of 8.95%. On average, equities research analysts forecast that American Superconductor Co. will post 0.41 EPS for the current year.
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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