Ardsley Advisory Partners trimmed its holdings in shares of American Superconductor Co. (NASDAQ:AMSC) by 82.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 314,377 shares of the technology company’s stock after selling 1,520,623 shares during the quarter. Ardsley Advisory Partners owned 1.50% of American Superconductor worth $1,141,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of AMSC. Dimensional Fund Advisors LP grew its holdings in American Superconductor by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 37,496 shares of the technology company’s stock worth $173,000 after acquiring an additional 2,600 shares during the last quarter. GMT Capital Corp bought a new stake in American Superconductor during the 3rd quarter worth approximately $141,000. Bank of New York Mellon Corp bought a new stake in American Superconductor during the 4th quarter worth approximately $120,000. Wedbush Securities Inc. grew its holdings in American Superconductor by 24.8% during the 4th quarter. Wedbush Securities Inc. now owns 57,660 shares of the technology company’s stock worth $209,000 after acquiring an additional 11,453 shares during the last quarter. Finally, AWM Investment Company Inc. grew its holdings in American Superconductor by 90.8% during the 4th quarter. AWM Investment Company Inc. now owns 1,151,252 shares of the technology company’s stock worth $4,179,000 after acquiring an additional 547,888 shares during the last quarter. 25.37% of the stock is currently owned by hedge funds and other institutional investors.
Shares of American Superconductor Co. (NASDAQ:AMSC) opened at $5.74 on Tuesday. American Superconductor Co. has a 12 month low of $2.89 and a 12 month high of $7.75. The company has a market cap of $105.94, a price-to-earnings ratio of -2.87 and a beta of 1.32.
A number of equities research analysts have weighed in on the stock. ValuEngine raised shares of American Superconductor from a “sell” rating to a “hold” rating in a report on Tuesday. B. Riley reissued a “hold” rating and set a $6.00 target price on shares of American Superconductor in a report on Thursday, January 25th. Finally, Zacks Investment Research lowered shares of American Superconductor from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $6.72.
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About American Superconductor
American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.
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