Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of American Superconductor Co. (NASDAQ:AMSC – Get Rating) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,667 shares of the technology company’s stock, valued at approximately $143,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.10% of American Superconductor at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Amalgamated Bank bought a new position in American Superconductor in the 1st quarter valued at $25,000. Investors Asset Management of Georgia Inc. GA ADV bought a new position in American Superconductor in the 2nd quarter valued at $48,000. XTX Topco Ltd bought a new position in American Superconductor in the 1st quarter valued at $102,000. Joule Financial LLC bought a new position in American Superconductor in the 2nd quarter valued at $109,000. Finally, MetLife Investment Management LLC grew its stake in American Superconductor by 51.5% in the 1st quarter. MetLife Investment Management LLC now owns 16,405 shares of the technology company’s stock valued at $125,000 after purchasing an additional 5,575 shares during the period. Institutional investors own 46.44% of the company’s stock.
American Superconductor Trading Up 5.4 %
Shares of American Superconductor stock opened at $4.12 on Monday. The firm has a market capitalization of $120.47 million, a PE ratio of -4.08 and a beta of 1.41. The business’s 50-day moving average price is $4.42 and its 200-day moving average price is $5.01. American Superconductor Co. has a 12 month low of $3.27 and a 12 month high of $16.71.
Wall Street Analysts Forecast Growth
About American Superconductor
American Superconductor Corp. engages in provision of megawatt-scale power solutions, which improve the performance of the power grid and lower the cost of wind power. It operates through Grid and Wind segments. The Grid segment enables electric utilities and renewable energy project developers to connect, transmit, and distribute power with efficiency, reliability, security, and affordability.
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