American Superconductor Co. (NASDAQ:AMSC) Shares Purchased by LPL Financial LLC

LPL Financial LLC raised its position in American Superconductor Co. (NASDAQ:AMSC) by 332.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,534 shares of the technology company’s stock after acquiring an additional 44,985 shares during the quarter. LPL Financial LLC owned approximately 0.15% of American Superconductor worth $1,442,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new position in shares of American Superconductor in the fourth quarter valued at approximately $170,000. Hillsdale Investment Management Inc. lifted its holdings in American Superconductor by 0.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 183,800 shares of the technology company’s stock worth $4,527,000 after buying an additional 1,150 shares in the last quarter. American Century Companies Inc. acquired a new position in shares of American Superconductor in the fourth quarter worth $320,000. Summit Global Investments purchased a new stake in shares of American Superconductor during the fourth quarter worth $494,000. Finally, Intech Investment Management LLC acquired a new stake in shares of American Superconductor in the fourth quarter valued at $355,000. 52.28% of the stock is owned by institutional investors and hedge funds.

American Superconductor Trading Up 1.3 %

Shares of NASDAQ:AMSC opened at $18.41 on Friday. American Superconductor Co. has a 52 week low of $11.36 and a 52 week high of $38.02. The company’s 50 day moving average is $21.29 and its two-hundred day moving average is $25.48. The company has a market cap of $726.46 million, a PE ratio of 263.04 and a beta of 2.58.

American Superconductor (NASDAQ:AMSC) last posted its quarterly earnings results 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%. As a group, equities research analysts expect that American Superconductor Co. will post 0.41 EPS for the current year.

Analyst Upgrades and Downgrades

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

American Superconductor 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.