Los Angeles Capital Management LLC Purchases 17,803 Shares of American Superconductor Co. (NASDAQ:AMSC)

Los Angeles Capital Management LLC raised its position in American Superconductor Co. (NASDAQ:AMSC) by 86.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,372 shares of the technology company’s stock after purchasing an additional 17,803 shares during the period. Los Angeles Capital Management LLC owned 0.10% of American Superconductor worth $945,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Atria Wealth Solutions Inc. boosted its holdings in American Superconductor by 4.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 12,475 shares of the technology company’s stock valued at $307,000 after purchasing an additional 500 shares during the period. Rhumbline Advisers boosted its holdings in American Superconductor by 1.2% in the 4th quarter. Rhumbline Advisers now owns 51,119 shares of the technology company’s stock valued at $1,259,000 after purchasing an additional 606 shares during the period. New York State Common Retirement Fund boosted its holdings in American Superconductor by 3.8% in the 4th quarter. New York State Common Retirement Fund now owns 66,536 shares of the technology company’s stock valued at $1,639,000 after purchasing an additional 2,436 shares during the period. Spire Wealth Management lifted its holdings in shares of American Superconductor by 17.7% during the 4th quarter. Spire Wealth Management now owns 17,517 shares of the technology company’s stock worth $431,000 after acquiring an additional 2,628 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in shares of American Superconductor during the 3rd quarter worth $88,000. 52.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Oppenheimer lifted their price objective on shares of American Superconductor from $33.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, February 7th.

American Superconductor Stock Performance

NASDAQ AMSC opened at $22.71 on Friday. American Superconductor Co. has a 52-week low of $11.36 and a 52-week high of $38.02. The company has a market capitalization of $896.14 million, a P/E ratio of 324.47 and a beta of 2.26. The company has a fifty day moving average of $27.46 and a 200-day moving average of $26.14.

American Superconductor (NASDAQ:AMSC) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. American Superconductor had a net margin of 1.64% and a return on equity of 8.95%. As a group, analysts forecast that American Superconductor Co. will post 0.41 EPS for the current fiscal 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.