AXQ Capital LP lifted its stake in shares of American Superconductor Corporation (NASDAQ:AMSC – Free Report) by 146.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,931 shares of the technology company’s stock after buying an additional 11,264 shares during the quarter. AXQ Capital LP’s holdings in American Superconductor were worth $545,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in AMSC. Lodestone Wealth Management LLC acquired a new position in shares of American Superconductor during the fourth quarter worth about $30,000. Canada Pension Plan Investment Board boosted its holdings in American Superconductor by 100.0% in the second quarter. Canada Pension Plan Investment Board now owns 2,000 shares of the technology company’s stock valued at $73,000 after purchasing an additional 1,000 shares in the last quarter. Stance Capital LLC acquired a new position in American Superconductor in the third quarter valued at approximately $155,000. State of Alaska Department of Revenue boosted its holdings in American Superconductor by 192.8% in the fourth quarter. State of Alaska Department of Revenue now owns 6,146 shares of the technology company’s stock valued at $176,000 after purchasing an additional 4,047 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in American Superconductor in the third quarter valued at approximately $201,000. 52.28% of the stock is owned by institutional investors and hedge funds.
American Superconductor Trading Down 8.8%
Shares of NASDAQ AMSC opened at $46.67 on Thursday. American Superconductor Corporation has a twelve month low of $24.87 and a twelve month high of $70.49. The stock has a 50 day moving average of $44.78 and a two-hundred day moving average of $36.06. The stock has a market cap of $2.23 billion, a P/E ratio of 15.56 and a beta of 3.20.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. Zacks Research downgraded American Superconductor from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Weiss Ratings raised American Superconductor from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, American Superconductor currently has a consensus rating of “Hold”.
View Our Latest Report on American Superconductor
About American Superconductor
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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