Los Angeles Capital Management LLC Acquires Shares of 20,569 American Superconductor Co. (NASDAQ:AMSC)

Los Angeles Capital Management LLC purchased a new position in American Superconductor Co. (NASDAQ:AMSC - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 20,569 shares of the technology company's stock, valued at approximately $485,000. Los Angeles Capital Management LLC owned 0.05% of American Superconductor as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of AMSC. Amalgamated Bank acquired a new position in American Superconductor in the second quarter valued at $28,000. nVerses Capital LLC bought a new position in shares of American Superconductor in the 2nd quarter worth about $42,000. CWM LLC acquired a new position in shares of American Superconductor in the 3rd quarter valued at about $57,000. Canada Pension Plan Investment Board bought a new stake in shares of American Superconductor during the 2nd quarter valued at about $96,000. Finally, Virtu Financial LLC acquired a new stake in American Superconductor during the first quarter worth approximately $152,000. 52.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on AMSC. Roth Mkm reissued a "buy" rating and issued a $29.00 price target on shares of American Superconductor in a research note on Monday, September 30th. Craig Hallum reiterated a "buy" rating and issued a $33.00 price objective on shares of American Superconductor in a research note on Tuesday, September 10th.

American Superconductor Price Performance

Shares of American Superconductor stock opened at $30.08 on Friday. The business has a 50-day simple moving average of $24.84 and a 200 day simple moving average of $22.49. American Superconductor Co. has a one year low of $8.56 and a one year high of $38.02. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -601.60 and a beta of 2.14.

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.