Two Sigma Investments LP Has $449,000 Stake in American Superconductor Co. (NASDAQ:AMSC)

Two Sigma Investments LP reduced its position in American Superconductor Co. (NASDAQ:AMSC) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,222 shares of the technology company’s stock after selling 628 shares during the quarter. Two Sigma Investments LP’s holdings in American Superconductor were worth $449,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of AMSC. Gen Wealth Partners Inc acquired a new position in shares of American Superconductor during the 4th quarter valued at $58,000. SBI Securities Co. Ltd. acquired a new position in shares of American Superconductor during the fourth quarter valued at about $65,000. Jones Financial Companies Lllp boosted its position in shares of American Superconductor by 1,083.2% during the 4th quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company’s stock worth $73,000 after purchasing an additional 2,708 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of American Superconductor by 8,670.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company’s stock worth $73,000 after purchasing an additional 2,948 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in American Superconductor in the 4th quarter valued at about $170,000. 52.28% of the stock is currently owned by institutional investors and hedge funds.

American Superconductor Stock Performance

Shares of American Superconductor stock opened at $33.09 on Tuesday. The stock has a market capitalization of $1.31 billion, a PE ratio of 472.78 and a beta of 2.87. American Superconductor Co. has a 52 week low of $13.98 and a 52 week high of $38.02. The stock has a 50 day moving average price of $22.24 and a two-hundred day moving average price of $24.69.

American Superconductor (NASDAQ:AMSC) last posted its quarterly earnings data on Wednesday, May 21st. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. American Superconductor had a net margin of 1.64% and a return on equity of 8.95%. The firm had revenue of $66.66 million for the quarter, compared to the consensus estimate of $60.27 million. American Superconductor’s quarterly revenue was up 58.6% compared to the same quarter last year. Research analysts forecast that American Superconductor Co. will post 0.41 EPS for the current year.

Insider Activity

In other news, CFO John W. Kosiba, Jr. sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $26.40, for a total transaction of $1,320,000.00. Following the sale, the chief financial officer now owns 414,276 shares of the company’s stock, valued at $10,936,886.40. This trade represents a 10.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Daniel P. Mcgahn sold 7,689 shares of the business’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $31.82, for a total value of $244,663.98. Following the sale, the chief executive officer now owns 1,296,797 shares of the company’s stock, valued at approximately $41,264,080.54. This represents a 0.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 185,088 shares of company stock worth $4,952,531 over the last three months. 4.40% of the stock is currently owned by corporate insiders.

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.