Hillsdale Investment Management Inc. Grows Position in American Superconductor Co. (NASDAQ:AMSC)

Hillsdale Investment Management Inc. lifted its position in American Superconductor Co. (NASDAQ:AMSC) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 183,800 shares of the technology company’s stock after buying an additional 1,150 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in American Superconductor were worth $4,527,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of American Superconductor by 211.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 304,528 shares of the technology company’s stock worth $7,187,000 after buying an additional 206,655 shares in the last quarter. Centiva Capital LP purchased a new stake in shares of American Superconductor in the third quarter worth about $456,000. Main Management ETF Advisors LLC purchased a new stake in shares of American Superconductor in the third quarter worth about $806,000. Franklin Resources Inc. purchased a new stake in shares of American Superconductor in the third quarter worth about $781,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of American Superconductor in the third quarter worth about $1,424,000. 52.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Oppenheimer upped their price objective on shares of American Superconductor from $33.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th.

American Superconductor Stock Performance

Shares of American Superconductor stock opened at $19.84 on Friday. American Superconductor Co. has a 52-week low of $11.36 and a 52-week high of $38.02. The stock has a market capitalization of $782.89 million, a price-to-earnings ratio of 283.47 and a beta of 2.45. The company’s 50 day moving average price is $25.38 and its 200-day moving average price is $25.97.

American Superconductor (NASDAQ:AMSC) last issued its earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. American Superconductor had a net margin of 1.64% and a return on equity of 8.95%. As a group, equities research analysts forecast that American Superconductor Co. will post 0.41 earnings per share for the current fiscal year.

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.