State Street Corp Buys 140,106 Shares of American Superconductor Co. (NASDAQ:AMSC)

State Street Corp lifted its stake in American Superconductor Co. (NASDAQ:AMSC) by 18.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 906,250 shares of the technology company’s stock after buying an additional 140,106 shares during the period. State Street Corp owned about 2.30% of American Superconductor worth $21,388,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund raised its stake in American Superconductor by 2.2% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 39,146 shares of the technology company’s stock worth $916,000 after acquiring an additional 828 shares in the last quarter. Amalgamated Bank bought a new position in American Superconductor during the 2nd quarter valued at about $28,000. nVerses Capital LLC acquired a new position in American Superconductor in the second quarter valued at about $42,000. CWM LLC bought a new stake in American Superconductor during the third quarter worth about $57,000. Finally, Quest Partners LLC acquired a new stake in shares of American Superconductor during the third quarter worth approximately $88,000. Institutional investors own 52.28% of the company’s stock.

American Superconductor Price Performance

Shares of AMSC stock opened at $25.31 on Tuesday. The stock has a market cap of $998.56 million, a PE ratio of -506.10 and a beta of 2.21. The stock has a 50-day moving average of $28.83 and a 200-day moving average of $25.16. American Superconductor Co. has a one year low of $9.37 and a one year high of $38.02.

Analyst Upgrades and Downgrades

AMSC has been the topic of a number of research analyst reports. Roth Mkm restated a “buy” rating and set a $29.00 price target on shares of American Superconductor in a research report on Monday, September 30th. Craig Hallum restated a “buy” rating and issued a $33.00 target price on shares of American Superconductor in a research note on Tuesday, September 10th.

American Superconductor Company Profile

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. 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.