Emerald Advisers LLC Makes New Investment in American Superconductor Co. (NASDAQ:AMSC)

Emerald Advisers LLC purchased a new stake in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 28,119 shares of the technology company's stock, valued at approximately $693,000. Emerald Advisers LLC owned about 0.07% of American Superconductor at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Quest Partners LLC bought a new position in shares of American Superconductor during the 3rd quarter worth about $88,000. Charles Schwab Investment Management Inc. boosted its holdings in American Superconductor by 211.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 304,528 shares of the technology company's stock worth $7,187,000 after acquiring an additional 206,655 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of American Superconductor during the third quarter valued at approximately $1,207,000. FMR LLC increased its holdings in shares of American Superconductor by 828.6% during the third quarter. FMR LLC now owns 14,690 shares of the technology company's stock valued at $347,000 after acquiring an additional 13,108 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of American Superconductor by 12.6% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 44,075 shares of the technology company's stock worth $1,040,000 after purchasing an additional 4,929 shares during the period. 52.28% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Separately, Oppenheimer boosted their price target 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 Stock Down 3.2 %

AMSC stock traded down $0.62 during mid-day trading on Friday, reaching $18.78. 465,430 shares of the company traded hands, compared to its average volume of 1,083,262. The firm's 50 day moving average price is $24.69 and its 200 day moving average price is $26.02. The stock has a market cap of $741.06 million, a price-to-earnings ratio of 268.32 and a beta of 2.45. American Superconductor Co. has a fifty-two week low of $11.36 and a fifty-two week high of $38.02.

American Superconductor (NASDAQ:AMSC - Get Free Report) last announced its earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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, analysts anticipate that American Superconductor Co. will post 0.41 EPS for the current fiscal year.

About American Superconductor

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.