Nkcfo LLC bought a new stake in American Superconductor Co. (NASDAQ:AMSC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 47,000 shares of the technology company's stock, valued at approximately $1,158,000. Nkcfo LLC owned about 0.12% of American Superconductor at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in AMSC. CWM LLC bought a new stake in American Superconductor in the 3rd quarter worth about $57,000. Quest Partners LLC bought a new position in shares of American Superconductor in the third quarter valued at approximately $88,000. Heck Capital Advisors LLC purchased a new stake in shares of American Superconductor during the fourth quarter valued at approximately $279,000. PFG Investments LLC bought a new stake in American Superconductor during the fourth quarter worth $280,000. Finally, Quantum Private Wealth LLC bought a new stake in American Superconductor during the fourth quarter worth $281,000. 52.28% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, Oppenheimer lifted their target price on American Superconductor from $33.00 to $39.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th.
Check Out Our Latest Analysis on AMSC
American Superconductor Price Performance
Shares of American Superconductor stock traded down $0.96 during trading hours on Wednesday, reaching $31.45. The company had a trading volume of 632,493 shares, compared to its average volume of 1,203,377. The business has a fifty day simple moving average of $27.58 and a 200 day simple moving average of $25.90. The firm has a market cap of $1.24 billion, a PE ratio of 449.35 and a beta of 2.26. American Superconductor Co. has a one year low of $11.36 and a one year high of $38.02.
American Superconductor (NASDAQ:AMSC - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.09 EPS for the quarter, beating analysts' consensus estimates 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, research analysts forecast that American Superconductor Co. will post 0.41 EPS for the current year.
American Superconductor Company 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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