Rice Hall James & Associates LLC Sells 64,062 Shares of American Superconductor Co. (NASDAQ:AMSC)

Rice Hall James & Associates LLC cut its position in American Superconductor Co. (NASDAQ:AMSC - Free Report) by 43.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,130 shares of the technology company's stock after selling 64,062 shares during the quarter. Rice Hall James & Associates LLC owned about 0.21% of American Superconductor worth $2,047,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in shares of American Superconductor by 211.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 304,528 shares of the technology company's stock valued at $7,187,000 after buying an additional 206,655 shares during the period. Centiva Capital LP bought a new stake in shares of American Superconductor in the third quarter valued at $456,000. Main Management ETF Advisors LLC bought a new stake in shares of American Superconductor in the third quarter valued at $806,000. Lisanti Capital Growth LLC grew its position 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 purchasing an additional 68,845 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new position in shares of American Superconductor in the third quarter valued at $781,000. 52.28% of the stock is currently owned by institutional investors.

American Superconductor Trading Down 10.9 %

Shares of NASDAQ AMSC traded down $3.13 during mid-day trading on Friday, hitting $25.70. The company had a trading volume of 1,489,904 shares, compared to its average volume of 1,208,962. American Superconductor Co. has a 1 year low of $11.36 and a 1 year high of $38.02. The stock's 50-day moving average price is $27.69 and its 200-day moving average price is $25.96. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 367.20 and a beta of 2.26.

American Superconductor (NASDAQ:AMSC - Get Free Report) last posted its 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 return on equity of 8.95% and a net margin of 1.64%. As a group, equities research analysts forecast that American Superconductor Co. will post 0.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

American Superconductor Company 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.