American Superconductor Co. (NASDAQ:AMSC) Shares Sold by Royce & Associates LP

Royce & Associates LP decreased its position in American Superconductor Co. (NASDAQ:AMSC) by 12.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 838,932 shares of the technology company’s stock after selling 116,242 shares during the quarter. Royce & Associates LP owned 2.13% of American Superconductor worth $20,663,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AMSC. Los Angeles Capital Management LLC acquired a new position in shares of American Superconductor in the 3rd quarter worth approximately $485,000. Quest Partners LLC bought a new stake in shares of American Superconductor in the 3rd quarter worth approximately $88,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of American Superconductor by 211.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 304,528 shares of the technology company’s stock worth $7,187,000 after purchasing an additional 206,655 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of American Superconductor in the 3rd quarter worth approximately $1,207,000. Finally, FMR LLC lifted its holdings in shares of American Superconductor by 828.6% in the 3rd quarter. FMR LLC now owns 14,690 shares of the technology company’s stock worth $347,000 after purchasing an additional 13,108 shares during the last quarter. Institutional investors and hedge funds own 52.28% of the company’s stock.

American Superconductor Price Performance

Shares of American Superconductor stock opened at $20.00 on Monday. The business’s fifty day moving average price is $26.19 and its two-hundred day moving average price is $26.07. The company has a market capitalization of $789.20 million, a P/E ratio of 285.76 and a beta of 2.45. American Superconductor Co. has a 1-year low of $11.36 and a 1-year high of $38.02.

American Superconductor (NASDAQ:AMSC) last announced its earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. On average, research analysts expect that American Superconductor Co. will post 0.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.