Ieq Capital LLC acquired a new stake in American Superconductor Co. (NASDAQ:AMSC - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 22,835 shares of the technology company's stock, valued at approximately $562,000. Ieq Capital LLC owned approximately 0.06% of American Superconductor at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Advisor Group LLC bought a new stake in shares of American Superconductor in the fourth quarter worth $264,000. New York State Common Retirement Fund lifted its position in American Superconductor by 3.8% during the 4th quarter. New York State Common Retirement Fund now owns 66,536 shares of the technology company's stock worth $1,639,000 after buying an additional 2,436 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in shares of American Superconductor by 4.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 12,475 shares of the technology company's stock worth $307,000 after buying an additional 500 shares during the last quarter. Truist Financial Corp acquired a new position in shares of American Superconductor during the 4th quarter worth about $251,000. Finally, Nkcfo LLC bought a new position in shares of American Superconductor in the 4th quarter valued at about $1,158,000. 52.28% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
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.
Check Out Our Latest Stock Report on American Superconductor
American Superconductor Stock Performance
AMSC traded up $0.59 during trading on Friday, reaching $22.71. 841,085 shares of the stock were exchanged, compared to its average volume of 1,222,741. The stock has a market cap of $896.14 million, a P/E ratio of 324.47 and a beta of 2.26. The stock's 50 day moving average price is $27.46 and its two-hundred day moving average price is $26.14. American Superconductor Co. has a twelve month low of $11.36 and a twelve month high of $38.02.
American Superconductor (NASDAQ:AMSC - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.09 earnings per share 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%. Equities research analysts predict that American Superconductor Co. will post 0.41 earnings per share for the current fiscal year.
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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