Quantum Private Wealth LLC Buys New Holdings in American Superconductor Co. (NASDAQ:AMSC)

Quantum Private Wealth LLC purchased a new position in American Superconductor Co. (NASDAQ:AMSC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,423 shares of the technology company’s stock, valued at approximately $281,000.

Other large investors have also bought and sold shares of the company. CWM LLC bought a new position in shares of American Superconductor in the third quarter worth approximately $57,000. Quest Partners LLC bought a new stake in American Superconductor in the 3rd quarter worth $88,000. Heck Capital Advisors LLC purchased a new position in shares of American Superconductor in the fourth quarter valued at about $279,000. PFG Investments LLC bought a new position in shares of American Superconductor during the fourth quarter valued at about $280,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of American Superconductor during the third quarter valued at about $277,000. 52.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

American Superconductor Trading Down 1.7 %

Shares of American Superconductor stock opened at $31.16 on Friday. American Superconductor Co. has a 12-month low of $11.36 and a 12-month high of $38.02. The company has a market cap of $1.23 billion, a P/E ratio of 445.21 and a beta of 2.26. The company’s fifty day simple moving average is $27.43 and its two-hundred day simple moving average is $25.75.

American Superconductor (NASDAQ:AMSC) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. American Superconductor had a net margin of 1.64% and a return on equity of 8.95%. Analysts predict that American Superconductor Co. will post 0.37 EPS for the current fiscal year.

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.