Dynamic Technology Lab Private Ltd bought a new position in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 51,141 shares of the technology company's stock, valued at approximately $1,207,000. Dynamic Technology Lab Private Ltd owned about 0.13% of American Superconductor at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake 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 acquiring an additional 396,814 shares during the last quarter. Quadrature Capital Ltd purchased a new position in American Superconductor during the first quarter valued at approximately $203,000. Virtu Financial LLC acquired a new stake in shares of American Superconductor during the 1st quarter worth approximately $152,000. SG Americas Securities LLC acquired a new position in shares of American Superconductor in the 2nd quarter valued at $2,704,000. Finally, Assenagon Asset Management S.A. boosted its holdings in American Superconductor by 643.4% during the second quarter. Assenagon Asset Management S.A. now owns 1,057,064 shares of the technology company's stock worth $24,725,000 after buying an additional 914,872 shares in the last quarter. 52.28% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
AMSC has been the topic of several recent analyst reports. 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. Roth Mkm reissued a "buy" rating and issued a $29.00 price objective on shares of American Superconductor in a report on Monday, September 30th.
Get Our Latest Research Report on American Superconductor
American Superconductor Trading Down 3.1 %
American Superconductor stock traded down $1.04 during midday trading on Wednesday, reaching $32.64. The company had a trading volume of 756,729 shares, compared to its average volume of 1,053,903. American Superconductor Co. has a 12-month low of $8.56 and a 12-month high of $38.02. The firm's fifty day simple moving average is $26.42 and its 200-day simple moving average is $23.51.
American Superconductor Company Profile
(
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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