Royce & Associates LP Sells 27,789 Shares of American Superconductor Co. (NASDAQ:AMSC)

Royce & Associates LP trimmed its holdings in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) by 2.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 955,174 shares of the technology company's stock after selling 27,789 shares during the quarter. Royce & Associates LP owned about 2.42% of American Superconductor worth $22,542,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in AMSC. Hood River Capital Management LLC purchased a new stake in shares of American Superconductor during the 1st quarter valued at $21,870,000. Assenagon Asset Management S.A. grew its stake in shares of American Superconductor by 643.4% in the second quarter. Assenagon Asset Management S.A. now owns 1,057,064 shares of the technology company's stock worth $24,725,000 after purchasing an additional 914,872 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of American Superconductor during the third quarter valued at approximately $10,246,000. AWM Investment Company Inc. increased its position in American Superconductor by 19.4% during the 1st quarter. AWM Investment Company Inc. now owns 2,661,319 shares of the technology company's stock valued at $35,954,000 after purchasing an additional 433,018 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of American Superconductor by 30.5% during the first quarter. Vanguard Group Inc. now owns 1,698,934 shares of the technology company's stock valued at $22,953,000 after buying an additional 396,814 shares during the period. 52.28% of the stock is currently owned by institutional investors.

American Superconductor Trading Down 5.7 %

AMSC traded down $1.83 during midday trading on Friday, reaching $30.08. The company's stock had a trading volume of 1,524,741 shares, compared to its average volume of 1,047,656. American Superconductor Co. has a 1 year low of $8.56 and a 1 year high of $38.02. The stock's 50-day moving average is $24.84 and its 200-day moving average is $22.42. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -601.60 and a beta of 2.14.

Wall Street Analysts Forecast Growth

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

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.