Hood River Capital Management LLC Decreases Holdings in American Superconductor Co. (NASDAQ:AMSC)

Hood River Capital Management LLC reduced its position in American Superconductor Co. (NASDAQ:AMSC - Free Report) by 13.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,236,146 shares of the technology company's stock after selling 195,794 shares during the period. Hood River Capital Management LLC owned about 3.13% of American Superconductor worth $30,446,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in shares of American Superconductor in the fourth quarter valued at $65,000. Jones Financial Companies Lllp increased its holdings 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 valued at $73,000 after acquiring an additional 2,708 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of American Superconductor by 8,670.6% in the fourth 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 position in shares of American Superconductor during the 4th quarter worth approximately $170,000. Finally, Tradewinds LLC. acquired a new position in shares of American Superconductor during the 4th quarter worth approximately $176,000. 52.28% of the stock is owned by institutional investors and hedge funds.

American Superconductor Price Performance

Shares of NASDAQ AMSC opened at $18.42 on Wednesday. The company has a 50-day simple moving average of $20.50 and a 200-day simple moving average of $25.41. The company has a market cap of $726.85 million, a PE ratio of 263.18 and a beta of 2.58. American Superconductor Co. has a 12 month low of $11.36 and a 12 month high of $38.02.

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

Analyst Upgrades and Downgrades

Separately, Oppenheimer increased their target price on American Superconductor from $33.00 to $39.00 and gave the company an "outperform" rating in a report 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.