American Century Companies Inc. Invests $320,000 in American Superconductor Co. (NASDAQ:AMSC)

American Century Companies Inc. acquired a new position in shares of American Superconductor Co. (NASDAQ:AMSC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,008 shares of the technology company’s stock, valued at approximately $320,000.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in American Superconductor in the 4th quarter valued at about $65,000. Jones Financial Companies Lllp grew its position in shares of American Superconductor by 1,083.2% in the fourth quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company’s stock valued at $73,000 after purchasing an additional 2,708 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of American Superconductor by 8,670.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company’s stock worth $73,000 after buying an additional 2,948 shares in the last quarter. Truist Financial Corp bought a new position in shares of American Superconductor in the fourth quarter worth $251,000. Finally, Private Advisor Group LLC purchased a new stake in shares of American Superconductor in the 4th quarter valued at about $264,000. 52.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Oppenheimer raised their price objective on American Superconductor from $33.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, February 7th.

American Superconductor Stock Performance

NASDAQ:AMSC opened at $18.00 on Monday. The stock has a 50-day simple moving average of $22.33 and a two-hundred day simple moving average of $25.65. The firm has a market capitalization of $710.28 million, a PE ratio of 257.18 and a beta of 2.58. American Superconductor Co. has a 52-week low of $11.36 and a 52-week high of $38.02.

American Superconductor (NASDAQ:AMSC) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. Equities analysts forecast that American Superconductor Co. will post 0.41 earnings per share for the current fiscal year.

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.