Emerald Advisers LLC Takes Position in American Superconductor Co. (NASDAQ:AMSC)

Emerald Advisers LLC acquired a new position in American Superconductor Co. (NASDAQ:AMSC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 28,119 shares of the technology company’s stock, valued at approximately $693,000. Emerald Advisers LLC owned about 0.07% of American Superconductor at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in shares of American Superconductor during the 4th quarter worth about $65,000. Jones Financial Companies Lllp lifted its position in shares of American Superconductor by 1,083.2% during the 4th quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company’s stock worth $73,000 after purchasing an additional 2,708 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of American Superconductor by 8,670.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company’s stock worth $73,000 after purchasing an additional 2,948 shares during the last quarter. Quest Partners LLC acquired a new position in shares of American Superconductor during the 3rd quarter worth about $88,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of American Superconductor during the 4th quarter worth about $170,000. 52.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Oppenheimer boosted their price target on American Superconductor from $33.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, February 7th.

American Superconductor Stock Performance

NASDAQ:AMSC opened at $19.84 on Monday. The stock’s fifty day moving average price is $25.38 and its two-hundred day moving average price is $26.08. The company has a market cap of $782.89 million, a price-to-earnings ratio of 283.47 and a beta of 2.45. American Superconductor Co. has a 52-week low of $11.36 and a 52-week high of $38.02.

American Superconductor (NASDAQ:AMSC) last posted its quarterly 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 return on equity of 8.95% and a net margin of 1.64%. On average, equities analysts predict that American Superconductor Co. will post 0.41 EPS 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.