American Superconductor Co. (NASDAQ:AMSC) Shares Sold by Bailard Inc.

Bailard Inc. decreased its holdings in shares of American Superconductor Co. (NASDAQ:AMSC) by 42.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,938 shares of the technology company’s stock after selling 9,500 shares during the quarter. Bailard Inc.’s holdings in American Superconductor were worth $303,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Atria Wealth Solutions Inc. grew its stake in shares of American Superconductor by 18.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 14,469 shares of the technology company’s stock valued at $161,000 after buying an additional 2,294 shares in the last quarter. Merit Financial Group LLC grew its stake in shares of American Superconductor by 5.8% in the fourth quarter. Merit Financial Group LLC now owns 82,389 shares of the technology company’s stock valued at $918,000 after buying an additional 4,490 shares in the last quarter. AJOVista LLC purchased a new position in American Superconductor in the fourth quarter valued at $69,000. Psagot Value Holdings Ltd. Israel purchased a new position in American Superconductor in the fourth quarter valued at $33,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in American Superconductor in the fourth quarter valued at $440,000. Institutional investors and hedge funds own 52.28% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on AMSC shares. Oppenheimer lifted their target price on American Superconductor from $16.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Roth Mkm boosted their target price on American Superconductor from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th.

American Superconductor Stock Down 1.4 %

Shares of NASDAQ:AMSC opened at $20.99 on Tuesday. The business has a fifty day simple moving average of $24.17 and a 200-day simple moving average of $18.04. American Superconductor Co. has a 52 week low of $5.78 and a 52 week high of $32.70. The company has a market cap of $776.59 million, a P/E ratio of -53.82 and a beta of 2.17.

American Superconductor (NASDAQ:AMSC) last released its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.09. The business had revenue of $40.29 million during the quarter, compared to the consensus estimate of $39.55 million. American Superconductor had a negative return on equity of 4.26% and a negative net margin of 7.63%. Sell-side analysts expect that American Superconductor Co. will post -0.04 earnings per share for the current fiscal year.

Insider Activity at American Superconductor

In other American Superconductor news, CEO Daniel P. Mcgahn sold 37,165 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $21.69, for a total transaction of $806,108.85. Following the transaction, the chief executive officer now owns 1,019,956 shares in the company, valued at $22,122,845.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Daniel P. Mcgahn sold 37,165 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $21.69, for a total value of $806,108.85. Following the transaction, the chief executive officer now owns 1,019,956 shares in the company, valued at $22,122,845.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO John W. Kosiba, Jr. sold 32,000 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $21.68, for a total value of $693,760.00. Following the completion of the transaction, the chief financial officer now owns 316,136 shares in the company, valued at approximately $6,853,828.48. The disclosure for this sale can be found here. 4.40% of the stock is owned by insiders.

American Superconductor Profile

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand; and engineering planning services.