Osaic Holdings Inc. increased its position in American Superconductor Corporation (NASDAQ:AMSC – Free Report) by 40.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 151,278 shares of the technology company’s stock after acquiring an additional 43,872 shares during the period. Osaic Holdings Inc. owned approximately 0.33% of American Superconductor worth $5,550,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMSC. Atreides Management LP acquired a new position in American Superconductor during the 1st quarter valued at about $14,948,000. Emerald Advisers LLC raised its holdings in shares of American Superconductor by 1,191.5% during the second quarter. Emerald Advisers LLC now owns 500,054 shares of the technology company’s stock valued at $18,347,000 after buying an additional 461,335 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of American Superconductor during the first quarter worth approximately $4,397,000. Arrowstreet Capital Limited Partnership bought a new position in American Superconductor in the 2nd quarter worth approximately $8,673,000. Finally, Millennium Management LLC increased its position in American Superconductor by 878.5% in the 1st quarter. Millennium Management LLC now owns 225,682 shares of the technology company’s stock valued at $4,094,000 after acquiring an additional 202,617 shares during the period. 52.28% of the stock is owned by institutional investors and hedge funds.
American Superconductor Trading Up 3.9%
Shares of American Superconductor stock opened at $31.86 on Tuesday. American Superconductor Corporation has a 52 week low of $13.98 and a 52 week high of $70.49. The stock has a market cap of $1.44 billion, a PE ratio of 86.11 and a beta of 2.98. The company’s 50-day moving average price is $41.67 and its two-hundred day moving average price is $45.45.
Analyst Ratings Changes
A number of research analysts have issued reports on AMSC shares. Wall Street Zen upgraded American Superconductor from a “hold” rating to a “buy” rating in a research report on Sunday, December 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Superconductor in a report on Monday, December 15th. Finally, Oppenheimer reiterated an “outperform” rating on shares of American Superconductor in a research report on Thursday, November 6th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $39.00.
View Our Latest Research Report on American Superconductor
American Superconductor Company Profile
American Superconductor Corporation (NASDAQ:AMSC) is a technology company specializing in power electronics and high-temperature superconductor systems. Founded in 1987 and headquartered in Devens, Massachusetts, AMSC develops hardware and software solutions aimed at improving the efficiency, reliability and stability of electric power systems and renewable energy infrastructure. The company’s engineering expertise spans from the lab scale to full commercial deployment, with a focus on tackling grid integration challenges for utilities and independent power producers.
AMSC’s portfolio includes superconducting wire and cryogenic systems, power grid stabilization devices, and turnkey wind turbine electronics.
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