American Superconductor Corporation $AMSC Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC increased its holdings in American Superconductor Corporation (NASDAQ:AMSC) by 46.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 25,430 shares of the technology company’s stock after buying an additional 8,051 shares during the period. Hsbc Holdings PLC owned about 0.06% of American Superconductor worth $458,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of American Superconductor by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 2,287,585 shares of the technology company’s stock valued at $41,497,000 after buying an additional 64,650 shares during the period. Driehaus Capital Management LLC boosted its holdings in shares of American Superconductor by 18.0% in the 4th quarter. Driehaus Capital Management LLC now owns 942,698 shares of the technology company’s stock valued at $23,219,000 after buying an additional 143,936 shares during the period. Royce & Associates LP boosted its holdings in shares of 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. Nuveen LLC acquired a new position in shares of American Superconductor in the 1st quarter valued at about $14,123,000. Finally, Dimensional Fund Advisors LP lifted its position in American Superconductor by 7.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 654,299 shares of the technology company’s stock valued at $16,117,000 after purchasing an additional 46,354 shares during the last quarter. 52.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other American Superconductor news, CFO John W. Kosiba, Jr. sold 4,744 shares of the business’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $31.83, for a total transaction of $151,001.52. Following the sale, the chief financial officer directly owned 409,532 shares in the company, valued at approximately $13,035,403.56. The trade was a 1.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Arthur H. House sold 9,703 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $50.92, for a total transaction of $494,076.76. Following the sale, the director owned 48,663 shares in the company, valued at $2,477,919.96. This trade represents a 16.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 122,984 shares of company stock worth $6,384,950. 4.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

American Superconductor Trading Down 7.3%

AMSC stock opened at $49.90 on Tuesday. American Superconductor Corporation has a 52 week low of $13.98 and a 52 week high of $58.42. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 127.95 and a beta of 2.89. The firm’s 50-day moving average is $45.73 and its two-hundred day moving average is $30.89.

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.