Northern Trust Corp Has $8.07 Million Position in American Superconductor Co. (NASDAQ:AMSC)

Northern Trust Corp boosted its stake in shares of American Superconductor Co. (NASDAQ:AMSC) by 8.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 327,805 shares of the technology company’s stock after acquiring an additional 26,819 shares during the quarter. Northern Trust Corp owned 0.83% of American Superconductor worth $8,074,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Arizona State Retirement System increased its stake in shares of American Superconductor by 4.1% in the fourth quarter. Arizona State Retirement System now owns 11,092 shares of the technology company’s stock valued at $273,000 after buying an additional 439 shares in the last quarter. Atria Wealth Solutions Inc. boosted its holdings in American Superconductor by 4.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 12,475 shares of the technology company’s stock worth $307,000 after buying an additional 500 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of American Superconductor by 1.2% during the 4th quarter. Rhumbline Advisers now owns 51,119 shares of the technology company’s stock valued at $1,259,000 after purchasing an additional 606 shares in the last quarter. Hillsdale Investment Management Inc. lifted its holdings in shares of American Superconductor by 0.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 183,800 shares of the technology company’s stock valued at $4,527,000 after purchasing an additional 1,150 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in shares of American Superconductor by 7.2% during the 4th quarter. MetLife Investment Management LLC now owns 21,201 shares of the technology company’s stock valued at $522,000 after purchasing an additional 1,415 shares in the last quarter. 52.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

American Superconductor Stock Up 2.1%

NASDAQ:AMSC opened at $24.02 on Monday. The firm has a market capitalization of $947.83 million, a price-to-earnings ratio of 343.19 and a beta of 2.81. American Superconductor Co. has a twelve month low of $13.74 and a twelve month high of $38.02. The stock’s 50 day moving average price is $19.58 and its two-hundred day moving average price is $25.12.

About American Superconductor

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.