KP Management LLC Makes New Investment in American Superconductor Co. (NASDAQ:AMSC)

KP Management LLC acquired a new stake in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 95,000 shares of the technology company's stock, valued at approximately $2,340,000. KP Management LLC owned about 0.24% of American Superconductor as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in American Superconductor in the fourth quarter worth about $65,000. Jones Financial Companies Lllp boosted its stake in American Superconductor by 1,083.2% in the 4th quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company's stock valued at $73,000 after buying an additional 2,708 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in American Superconductor by 8,670.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company's stock worth $73,000 after acquiring an additional 2,948 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of American Superconductor during the fourth quarter valued at $170,000. Finally, Tradewinds LLC. acquired a new position in American Superconductor in the fourth quarter valued at about $176,000. Institutional investors own 52.28% of the company's stock.

Analyst Ratings Changes

Separately, Oppenheimer boosted their target price on American Superconductor from $33.00 to $39.00 and gave the stock an "outperform" rating in a report on Friday, February 7th.

American Superconductor Stock Up 0.8 %

Shares of NASDAQ AMSC opened at $20.29 on Friday. The firm's 50-day simple moving average is $19.78 and its 200 day simple moving average is $25.34. American Superconductor Co. has a 12-month low of $12.14 and a 12-month high of $38.02. The company has a market cap of $800.64 million, a price-to-earnings ratio of 289.90 and a beta of 2.58.

American Superconductor (NASDAQ:AMSC - Get Free Report) last issued its earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share (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, equities analysts expect that American Superconductor Co. will post 0.41 earnings per share for the current year.

About American Superconductor

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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