American Superconductor Co. (NASDAQ:AMSC) Stake Decreased by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) by 93.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,013 shares of the technology company's stock after selling 107,602 shares during the period. SG Americas Securities LLC's holdings in American Superconductor were worth $189,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund raised its stake in American Superconductor by 2.2% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 39,146 shares of the technology company's stock valued at $916,000 after purchasing an additional 828 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in shares of American Superconductor by 453.8% during the second quarter. Point72 Asset Management L.P. now owns 20,490 shares of the technology company's stock valued at $479,000 after purchasing an additional 16,790 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in American Superconductor in the 2nd quarter worth about $307,000. Hood River Capital Management LLC lifted its holdings in American Superconductor by 7.2% in the second quarter. Hood River Capital Management LLC now owns 1,735,014 shares of the technology company's stock worth $40,582,000 after purchasing an additional 116,207 shares during the period. Finally, Sei Investments Co. bought a new position in American Superconductor during the second quarter valued at about $562,000. 52.28% of the stock is owned by hedge funds and other institutional investors.

American Superconductor Price Performance

NASDAQ:AMSC traded up $0.45 during mid-day trading on Thursday, reaching $22.64. 692,674 shares of the company's stock traded hands, compared to its average volume of 989,015. American Superconductor Co. has a 12-month low of $6.05 and a 12-month high of $32.70. The company has a 50 day moving average price of $21.92 and a 200-day moving average price of $20.53. The firm has a market capitalization of $837.63 million, a price-to-earnings ratio of -58.05 and a beta of 2.14.

American Superconductor (NASDAQ:AMSC - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The technology company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.09. The business had revenue of $40.29 million during the quarter, compared to analysts' expectations of $39.55 million. American Superconductor had a positive return on equity of 1.15% and a negative net margin of 5.29%. As a group, analysts forecast that American Superconductor Co. will post 0.17 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on AMSC. Craig Hallum reaffirmed a "buy" rating and issued a $33.00 price target on shares of American Superconductor in a research report on Tuesday, September 10th. Roth Mkm restated a "buy" rating and issued a $29.00 price objective on shares of American Superconductor in a research report on Monday, September 30th.

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.