Lisanti Capital Growth LLC lifted its holdings in American Superconductor Co. (NASDAQ:AMSC - Free Report) by 110.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 131,340 shares of the technology company's stock after purchasing an additional 68,845 shares during the period. Lisanti Capital Growth LLC owned 0.33% of American Superconductor worth $3,100,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Hood River Capital Management LLC acquired a new stake in shares of American Superconductor in the 1st quarter valued at $21,870,000. Assenagon Asset Management S.A. lifted its position in shares of American Superconductor by 643.4% in the second quarter. Assenagon Asset Management S.A. now owns 1,057,064 shares of the technology company's stock worth $24,725,000 after purchasing an additional 914,872 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of American Superconductor in the 3rd quarter valued at about $10,246,000. AWM Investment Company Inc. raised its position in shares of American Superconductor by 19.4% in the first quarter. AWM Investment Company Inc. now owns 2,661,319 shares of the technology company's stock valued at $35,954,000 after purchasing an additional 433,018 shares during the period. Finally, Vanguard Group Inc. boosted its stake in American Superconductor by 30.5% in the 1st quarter. Vanguard Group Inc. now owns 1,698,934 shares of the technology company's stock valued at $22,953,000 after purchasing an additional 396,814 shares during the period. Institutional investors own 52.28% of the company's stock.
American Superconductor Price Performance
American Superconductor stock traded up $2.67 during midday trading on Monday, reaching $36.81. 2,938,950 shares of the company traded hands, compared to its average volume of 1,030,730. American Superconductor Co. has a 12 month low of $7.64 and a 12 month high of $37.00. The business has a 50 day moving average of $23.30 and a two-hundred day moving average of $21.78. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -733.05 and a beta of 2.14.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on AMSC shares. Roth Mkm reissued a "buy" rating and issued a $29.00 price objective on shares of American Superconductor in a research note on Monday, September 30th. Craig Hallum reissued a "buy" rating and issued a $33.00 price target on shares of American Superconductor in a report on Tuesday, September 10th.
Get Our Latest Research Report on American Superconductor
American Superconductor 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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