American Superconductor Co. (NASDAQ:AMSC) Shares Sold by Stephens Inc. AR

Stephens Inc. AR cut its position in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) by 54.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,178 shares of the technology company's stock after selling 29,189 shares during the quarter. Stephens Inc. AR owned about 0.07% of American Superconductor worth $571,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund grew its stake in American Superconductor by 2.2% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 39,146 shares of the technology company's stock valued at $916,000 after acquiring an additional 828 shares in the last quarter. Amalgamated Bank bought a new position in American Superconductor in the 2nd quarter worth about $28,000. nVerses Capital LLC bought a new stake in American Superconductor in the 2nd quarter worth about $42,000. CWM LLC purchased a new position in American Superconductor in the third quarter worth about $57,000. Finally, Canada Pension Plan Investment Board bought a new stake in American Superconductor during the second quarter valued at about $96,000. 52.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

American Superconductor Stock Performance

NASDAQ:AMSC traded down $0.31 on Thursday, hitting $28.31. The stock had a trading volume of 1,798,076 shares, compared to its average volume of 1,253,861. The company has a fifty day moving average price of $23.03 and a two-hundred day moving average price of $21.49. American Superconductor Co. has a 1-year low of $7.53 and a 1-year high of $32.70.

American Superconductor (NASDAQ:AMSC - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.09. The firm had revenue of $40.29 million during the quarter, compared to the consensus estimate of $39.55 million. American Superconductor had a positive return on equity of 8.29% and a negative net margin of 0.49%. Analysts forecast that American Superconductor Co. will post 0.18 EPS for the current year.

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.