Axiom Investors LLC DE lessened its stake in shares of American Superconductor Corporation (NASDAQ:AMSC – Free Report) by 49.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 134,076 shares of the technology company’s stock after selling 130,584 shares during the period. Axiom Investors LLC DE’s holdings in American Superconductor were worth $3,859,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of AMSC. Lodestone Wealth Management LLC purchased a new stake in American Superconductor during the 4th quarter worth approximately $30,000. Canada Pension Plan Investment Board boosted its holdings in shares of American Superconductor by 100.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,000 shares of the technology company’s stock valued at $73,000 after acquiring an additional 1,000 shares during the last quarter. State of Wyoming purchased a new stake in shares of American Superconductor in the 4th quarter valued at $87,000. Stance Capital LLC purchased a new stake in shares of American Superconductor in the 3rd quarter valued at $155,000. Finally, State of Alaska Department of Revenue boosted its holdings in shares of American Superconductor by 192.8% in the 4th quarter. State of Alaska Department of Revenue now owns 6,146 shares of the technology company’s stock valued at $176,000 after acquiring an additional 4,047 shares during the last quarter. Hedge funds and other institutional investors own 52.28% of the company’s stock.
American Superconductor Stock Down 6.5%
Shares of NASDAQ AMSC opened at $40.53 on Wednesday. The firm has a 50-day simple moving average of $45.60 and a 200-day simple moving average of $36.38. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 13.51 and a beta of 3.20. American Superconductor Corporation has a 52 week low of $24.87 and a 52 week high of $70.49.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the stock. Zacks Research downgraded shares of American Superconductor from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Weiss Ratings upgraded shares of American Superconductor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.
View Our Latest Stock Analysis on AMSC
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.
Further Reading
- Five stocks we like better than American Superconductor
- The Bank of Mom and Dad Is Booming—3 Stocks to Watch
- Corning Is Paving AI’s Future With Glass
- Why’s Amazon Suddenly Lagging the S&P 500, and Is It a Warning?
- Crypto Winter Is Here: 3 Stocks To Put On Ice This Summer
Want to see what other hedge funds are holding AMSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Superconductor Corporation (NASDAQ:AMSC – Free Report).
Receive News & Ratings for American Superconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Superconductor and related companies with MarketBeat.com's FREE daily email newsletter.
