Los Angeles Capital Management LLC Has $945,000 Stock Holdings in American Superconductor Co. (NASDAQ:AMSC)

Los Angeles Capital Management LLC grew its position in American Superconductor Co. (NASDAQ:AMSC - Free Report) by 86.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,372 shares of the technology company's stock after acquiring an additional 17,803 shares during the period. Los Angeles Capital Management LLC owned 0.10% of American Superconductor worth $945,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in American Superconductor by 211.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 304,528 shares of the technology company's stock valued at $7,187,000 after purchasing an additional 206,655 shares during the last quarter. State Street Corp increased its stake in shares of American Superconductor by 18.3% in the third quarter. State Street Corp now owns 906,250 shares of the technology company's stock valued at $21,388,000 after buying an additional 140,106 shares in the last quarter. KBC Group NV acquired a new stake in shares of American Superconductor in the fourth quarter valued at $2,492,000. Lisanti Capital Growth LLC raised its holdings in shares of American Superconductor by 110.2% in the third quarter. Lisanti Capital Growth LLC now owns 131,340 shares of the technology company's stock valued at $3,100,000 after buying an additional 68,845 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in American Superconductor during the 3rd quarter worth about $1,424,000. 52.28% of the stock is owned by institutional investors and hedge funds.

American Superconductor Stock Performance

AMSC traded up $0.60 during mid-day trading on Wednesday, reaching $19.99. The stock had a trading volume of 730,953 shares, compared to its average volume of 1,215,132. The firm's fifty day simple moving average is $27.14 and its two-hundred day simple moving average is $26.12. The stock has a market capitalization of $788.81 million, a P/E ratio of 285.61 and a beta of 2.26. American Superconductor Co. has a 52 week low of $11.36 and a 52 week high of $38.02.

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

Analysts Set New Price Targets

Separately, Oppenheimer raised their price objective on shares of American Superconductor from $33.00 to $39.00 and gave the company an "outperform" rating in a research report on Friday, February 7th.

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.