GAMMA Investing LLC Boosts Holdings in American Superconductor Corporation $AMSC

GAMMA Investing LLC raised its holdings in shares of American Superconductor Corporation (NASDAQ:AMSC) by 104.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 954 shares of the technology company’s stock after acquiring an additional 488 shares during the quarter. GAMMA Investing LLC’s holdings in American Superconductor were worth $35,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. California State Teachers Retirement System grew its holdings in shares of American Superconductor by 2.0% during the fourth quarter. California State Teachers Retirement System now owns 35,559 shares of the technology company’s stock worth $876,000 after buying an additional 709 shares in the last quarter. Sei Investments Co. grew its holdings in shares of American Superconductor by 1.9% during the first quarter. Sei Investments Co. now owns 53,070 shares of the technology company’s stock worth $963,000 after buying an additional 964 shares in the last quarter. Alps Advisors Inc. grew its holdings in shares of American Superconductor by 2.0% during the first quarter. Alps Advisors Inc. now owns 59,464 shares of the technology company’s stock worth $1,079,000 after buying an additional 1,160 shares in the last quarter. Sowell Financial Services LLC grew its holdings in shares of American Superconductor by 9.2% during the first quarter. Sowell Financial Services LLC now owns 16,459 shares of the technology company’s stock worth $299,000 after buying an additional 1,384 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in shares of American Superconductor by 27.9% during the first quarter. National Bank of Canada FI now owns 9,506 shares of the technology company’s stock worth $172,000 after buying an additional 2,072 shares in the last quarter. 52.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of American Superconductor in a report on Saturday, September 27th. Oppenheimer reiterated an “outperform” rating on shares of American Superconductor in a report on Thursday, July 31st. Finally, Wall Street Zen upgraded shares of American Superconductor from a “hold” rating to a “buy” rating in a report on Tuesday, July 15th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, American Superconductor has an average rating of “Moderate Buy” and an average target price of $39.00.

American Superconductor Trading Up 0.1%

NASDAQ AMSC opened at $59.30 on Monday. The company’s fifty day simple moving average is $53.89 and its 200-day simple moving average is $36.64. American Superconductor Corporation has a 52 week low of $13.98 and a 52 week high of $65.70. The stock has a market cap of $2.68 billion, a P/E ratio of 152.06 and a beta of 3.00.

Insider Buying and Selling at American Superconductor

In related news, CEO Daniel P. Mcgahn sold 100,848 shares of the company’s stock in a transaction on 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 sale, the chief executive officer directly owned 1,183,134 shares of the company’s stock, valued at $64,468,971.66. This represents a 7.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Arthur H. House sold 9,703 shares of the company’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $50.92, for a total transaction of $494,076.76. Following the completion of the sale, the director directly owned 48,663 shares in the company, valued at $2,477,919.96. This represents a 16.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.80% of the company’s stock.

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.