State Street Corp Has $21.39 Million Holdings in American Superconductor Co. (NASDAQ:AMSC)

State Street Corp increased its position in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) by 18.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 906,250 shares of the technology company's stock after purchasing an additional 140,106 shares during the period. State Street Corp owned approximately 2.30% of American Superconductor worth $21,388,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in shares of American Superconductor by 524.1% during the second quarter. Bank of New York Mellon Corp now owns 122,239 shares of the technology company's stock worth $2,859,000 after purchasing an additional 102,652 shares during the period. nVerses Capital LLC acquired a new position in American Superconductor in the 2nd quarter valued at $42,000. Lisanti Capital Growth LLC bought a new stake in shares of American Superconductor during the 2nd quarter valued at $1,462,000. Hussman Strategic Advisors Inc. grew its holdings in shares of American Superconductor by 20.0% during the 2nd quarter. Hussman Strategic Advisors Inc. now owns 126,000 shares of the technology company's stock worth $2,947,000 after purchasing an additional 21,000 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of American Superconductor by 3,234.0% in the second quarter. Rhumbline Advisers now owns 46,276 shares of the technology company's stock worth $1,082,000 after purchasing an additional 44,888 shares during the period. 52.28% of the stock is currently owned by institutional investors.

American Superconductor Price Performance

NASDAQ:AMSC traded down $0.29 during trading hours on Tuesday, hitting $25.02. The company's stock had a trading volume of 543,258 shares, compared to its average volume of 1,080,862. American Superconductor Co. has a twelve month low of $9.37 and a twelve month high of $38.02. The stock has a fifty day simple moving average of $28.86 and a 200-day simple moving average of $25.19. The company has a market capitalization of $987.11 million, a P/E ratio of -500.30 and a beta of 2.21.

Wall Street Analyst Weigh In

AMSC has been the topic of a number of analyst reports. Craig Hallum reiterated a "buy" rating and set a $33.00 price objective on shares of American Superconductor in a research note on Tuesday, September 10th. Roth Mkm reissued a "buy" rating and issued a $29.00 price objective on shares of American Superconductor in a research note 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.