JPMorgan Chase & Co. decreased its position in American Superconductor Co. (NASDAQ:AMSC - Free Report) by 45.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,717 shares of the technology company's stock after selling 39,460 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.12% of American Superconductor worth $1,103,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of AMSC. Renaissance Technologies LLC boosted its stake in shares of American Superconductor by 65.6% during the 2nd quarter. Renaissance Technologies LLC now owns 187,989 shares of the technology company's stock valued at $4,397,000 after purchasing an additional 74,500 shares in the last quarter. Amalgamated Bank bought a new stake in shares of American Superconductor during the 2nd quarter valued at about $28,000. Hsbc Holdings PLC bought a new stake in shares of American Superconductor during the 2nd quarter valued at about $313,000. Canada Pension Plan Investment Board bought a new stake in shares of American Superconductor during the 2nd quarter valued at about $96,000. Finally, Sei Investments Co. bought a new stake in shares of American Superconductor during the 2nd quarter valued at about $562,000. Institutional investors own 52.28% of the company's stock.
American Superconductor Price Performance
NASDAQ:AMSC traded down $0.68 during mid-day trading on Friday, hitting $29.04. 623,983 shares of the company's stock were exchanged, compared to its average volume of 839,461. American Superconductor Co. has a one year low of $10.19 and a one year high of $38.02. The business has a fifty day moving average price of $28.70 and a 200 day moving average price of $25.62. The company has a market cap of $1.15 billion, a PE ratio of -580.68 and a beta of 2.28.
Analysts Set New Price Targets
Separately, Roth Mkm reaffirmed a "buy" rating and set a $29.00 target price on shares of American Superconductor in a research note on Monday, September 30th.
View Our Latest Stock Analysis on American Superconductor
About American Superconductor
(
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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