Hussman Strategic Advisors Inc. Has $1.55 Million Position in American Superconductor Co. (NASDAQ:AMSC)

Hussman Strategic Advisors Inc. lowered its holdings in American Superconductor Co. (NASDAQ:AMSC - Free Report) by 40.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,000 shares of the technology company's stock after selling 42,000 shares during the period. Hussman Strategic Advisors Inc. owned about 0.16% of American Superconductor worth $1,552,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new stake in American Superconductor during the third quarter worth approximately $10,246,000. Charles Schwab Investment Management Inc. boosted its stake in shares of American Superconductor by 211.1% during the 3rd 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. State Street Corp grew its holdings in shares of American Superconductor by 18.3% in the 3rd quarter. State Street Corp now owns 906,250 shares of the technology company's stock worth $21,388,000 after acquiring an additional 140,106 shares during the last quarter. KBC Group NV acquired a new stake in shares of American Superconductor during the fourth quarter worth $2,492,000. Finally, Lisanti Capital Growth LLC raised its position in shares of American Superconductor by 110.2% during the third quarter. Lisanti Capital Growth LLC now owns 131,340 shares of the technology company's stock worth $3,100,000 after purchasing an additional 68,845 shares during the period. 52.28% of the stock is currently owned by institutional investors.

American Superconductor Stock Performance

Shares of NASDAQ:AMSC traded down $3.13 during mid-day trading on Friday, hitting $25.70. The stock had a trading volume of 1,489,904 shares, compared to its average volume of 1,208,962. The company's 50 day moving average is $27.69 and its 200-day moving average is $25.96. American Superconductor Co. has a 12-month low of $11.36 and a 12-month high of $38.02. The company has a market cap of $1.01 billion, a PE ratio of 367.20 and a beta of 2.26.

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

Wall Street Analyst Weigh In

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