Wedbush Securities Inc. boosted its position in shares of American Superconductor Co. (NASDAQ:AMSC) by 24.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,660 shares of the technology company’s stock after acquiring an additional 11,453 shares during the period. Wedbush Securities Inc.’s holdings in American Superconductor were worth $209,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in AMSC. Bank of New York Mellon Corp acquired a new position in American Superconductor during the 4th quarter worth $120,000. GMT Capital Corp acquired a new position in American Superconductor during the 3rd quarter worth $141,000. Finally, Dimensional Fund Advisors LP lifted its position in American Superconductor by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 37,496 shares of the technology company’s stock worth $173,000 after acquiring an additional 2,600 shares during the last quarter. 31.92% of the stock is owned by hedge funds and other institutional investors.
AMSC has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of American Superconductor from a “hold” rating to a “buy” rating and set a $3.75 target price for the company in a research report on Wednesday, November 15th. B. Riley reaffirmed a “hold” rating and set a $6.00 price objective on shares of American Superconductor in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. American Superconductor has an average rating of “Hold” and an average target price of $6.72.
American Superconductor Co. (NASDAQ AMSC) opened at $5.02 on Friday. American Superconductor Co. has a 52-week low of $2.89 and a 52-week high of $7.75.
American Superconductor (NASDAQ:AMSC) last announced its quarterly earnings data on Monday, February 5th. The technology company reported ($0.18) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.35) by $0.17. The business had revenue of $14.90 million during the quarter, compared to analyst estimates of $17.19 million. American Superconductor had a negative net margin of 65.96% and a negative return on equity of 60.92%. The firm’s revenue for the quarter was down 45.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.21) earnings per share. equities analysts expect that American Superconductor Co. will post -1.89 earnings per share for the current year.
American Superconductor Company Profile
American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.
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