American Superconductor Corporation $AMSC Shares Acquired by Invesco Ltd.

Invesco Ltd. increased its position in shares of American Superconductor Corporation (NASDAQ:AMSC) by 23.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 243,523 shares of the technology company’s stock after buying an additional 45,740 shares during the quarter. Invesco Ltd. owned about 0.62% of American Superconductor worth $4,418,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in AMSC. Vanguard Group Inc. raised its position in American Superconductor by 2.9% in the first quarter. Vanguard Group Inc. now owns 2,287,585 shares of the technology company’s stock valued at $41,497,000 after purchasing an additional 64,650 shares during the period. Driehaus Capital Management LLC increased its position in shares of American Superconductor by 18.0% during the 4th quarter. Driehaus Capital Management LLC now owns 942,698 shares of the technology company’s stock worth $23,219,000 after purchasing an additional 143,936 shares during the last quarter. Royce & Associates LP raised its holdings in American Superconductor by 3.4% in the 1st quarter. Royce & Associates LP now owns 867,342 shares of the technology company’s stock valued at $15,734,000 after buying an additional 28,410 shares during the period. Dimensional Fund Advisors LP lifted its position in American Superconductor by 7.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 654,299 shares of the technology company’s stock valued at $16,117,000 after buying an additional 46,354 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new position in American Superconductor in the fourth quarter valued at about $11,360,000. 52.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMSC has been the topic of a number of research analyst reports. Wall Street Zen raised shares of American Superconductor from a “hold” rating to a “buy” rating in a research note on Tuesday, July 15th. Oppenheimer reiterated an “outperform” rating on shares of American Superconductor in a report on Thursday, July 31st. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $33.67.

Insider Activity

In other American Superconductor news, Director Arthur H. House sold 9,703 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $50.92, for a total value of $494,076.76. Following the sale, the director owned 48,663 shares of the company’s stock, valued at $2,477,919.96. This trade represents a 16.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Daniel P. Mcgahn sold 100,848 shares of American Superconductor stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $54.49, for a total value of $5,495,207.52. Following the completion of the transaction, the chief executive officer owned 1,183,134 shares of the company’s stock, valued at $64,468,971.66. The trade was a 7.85% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 122,984 shares of company stock worth $6,384,950. Corporate insiders own 4.80% of the company’s stock.

American Superconductor Stock Up 3.3%

American Superconductor stock opened at $53.84 on Friday. American Superconductor Corporation has a 52-week low of $13.98 and a 52-week high of $58.42. The firm has a market cap of $2.43 billion, a PE ratio of 138.05 and a beta of 2.95. The company’s 50 day moving average is $44.99 and its two-hundred day moving average is $30.64.

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.