American Superconductor Co. (NASDAQ:AMSC) Shares Sold by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC reduced its stake in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 429,876 shares of the technology company's stock after selling 34,630 shares during the period. American Superconductor accounts for about 1.9% of Essex Investment Management Co. LLC's investment portfolio, making the stock its 2nd largest position. Essex Investment Management Co. LLC owned 1.09% of American Superconductor worth $10,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. Los Angeles Capital Management LLC purchased a new stake in American Superconductor during the third quarter valued at about $485,000. Lisanti Capital Growth LLC lifted its holdings in American Superconductor by 110.2% in the 3rd quarter. Lisanti Capital Growth LLC now owns 131,340 shares of the technology company's stock worth $3,100,000 after buying an additional 68,845 shares in the last quarter. Quest Partners LLC purchased a new position in American Superconductor in the 3rd quarter valued at about $88,000. Charles Schwab Investment Management Inc. grew its stake in shares of American Superconductor by 211.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 304,528 shares of the technology company's stock valued at $7,187,000 after acquiring an additional 206,655 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of American Superconductor in the third quarter worth about $1,207,000. 52.28% of the stock is owned by institutional investors and hedge funds.

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American Superconductor Stock Performance

Shares of NASDAQ AMSC traded down $0.57 during trading on Thursday, reaching $18.64. The stock had a trading volume of 705,568 shares, compared to its average volume of 1,060,229. The stock has a market cap of $735.53 million, a PE ratio of 266.32 and a beta of 2.45. American Superconductor Co. has a one year low of $11.36 and a one year high of $38.02. The firm's 50 day moving average price is $26.50 and its two-hundred day moving average price is $26.04.

American Superconductor (NASDAQ:AMSC - Get Free Report) last posted its quarterly earnings results 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, research analysts expect that American Superconductor Co. will post 0.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer raised their price objective on 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 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.