PFG Investments LLC Invests $280,000 in American Superconductor Co. (NASDAQ:AMSC)

PFG Investments LLC acquired a new stake in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,350 shares of the technology company's stock, valued at approximately $280,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Campbell Newman Asset Management Inc. purchased a new stake in shares of American Superconductor during the fourth quarter valued at approximately $1,483,000. Range Financial Group LLC bought a new position in American Superconductor in the 4th quarter valued at approximately $1,035,000. Franklin Resources Inc. purchased a new stake in American Superconductor during the 3rd quarter valued at $781,000. Barclays PLC increased its holdings in shares of American Superconductor by 376.2% in the 3rd quarter. Barclays PLC now owns 58,328 shares of the technology company's stock worth $1,377,000 after purchasing an additional 46,080 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of American Superconductor by 4.5% in the 3rd quarter. Geode Capital Management LLC now owns 847,412 shares of the technology company's stock worth $20,003,000 after purchasing an additional 36,511 shares in the last quarter. 52.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Oppenheimer upped their price target on American Superconductor from $29.00 to $33.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th.

American Superconductor Stock Performance

Shares of AMSC traded down $1.00 during mid-day trading on Tuesday, hitting $25.32. 1,070,895 shares of the company traded hands, compared to its average volume of 927,794. American Superconductor Co. has a 1 year low of $10.19 and a 1 year high of $38.02. The stock has a 50-day moving average price of $27.94 and a two-hundred day moving average price of $25.46. The stock has a market cap of $998.87 million, a price-to-earnings ratio of -506.30 and a beta of 2.26.

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.