Emerald Advisers LLC lifted its stake in shares of American Superconductor Corporation (NASDAQ:AMSC – Free Report) by 4.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 521,183 shares of the technology company’s stock after purchasing an additional 21,129 shares during the quarter. Emerald Advisers LLC owned about 1.15% of American Superconductor worth $30,953,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in AMSC. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of American Superconductor by 697.7% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 79,079 shares of the technology company’s stock worth $4,697,000 after buying an additional 69,166 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in American Superconductor during the 3rd quarter valued at about $310,000. Hartline Investment Corp acquired a new position in American Superconductor during the third quarter worth about $202,000. Stephens Investment Management Group LLC acquired a new position in American Superconductor during the third quarter worth about $4,033,000. Finally, Stephens Inc. AR lifted its holdings in shares of American Superconductor by 6.3% in the third quarter. Stephens Inc. AR now owns 8,500 shares of the technology company’s stock valued at $505,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 52.28% of the company’s stock.
American Superconductor Stock Up 2.1%
AMSC stock opened at $31.81 on Thursday. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 85.97 and a beta of 2.96. The business has a fifty day simple moving average of $31.23 and a 200-day simple moving average of $44.98. American Superconductor Corporation has a 52 week low of $13.98 and a 52 week high of $70.49.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on AMSC shares. Wall Street Zen downgraded American Superconductor from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of American Superconductor in a research report on Monday, December 29th. Finally, Oppenheimer reissued an “outperform” rating on shares of American Superconductor in a research note on Thursday, November 6th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.00.
Read Our Latest Report on AMSC
American Superconductor Company Profile
American Superconductor Corporation (NASDAQ:AMSC) is a technology company specializing in power electronics and high-temperature superconductor systems. Founded in 1987 and headquartered in Devens, Massachusetts, AMSC develops hardware and software solutions aimed at improving the efficiency, reliability and stability of electric power systems and renewable energy infrastructure. The company’s engineering expertise spans from the lab scale to full commercial deployment, with a focus on tackling grid integration challenges for utilities and independent power producers.
AMSC’s portfolio includes superconducting wire and cryogenic systems, power grid stabilization devices, and turnkey wind turbine electronics.
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