Itau Unibanco Holding S.A. Invests $314,000 in American Superconductor Co. (NASDAQ:AMSC)

Itau Unibanco Holding S.A. bought a new position in shares of American Superconductor Co. (NASDAQ:AMSC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,447 shares of the technology company’s stock, valued at approximately $314,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC increased its position in shares of American Superconductor by 376.2% in the third quarter. Barclays PLC now owns 58,328 shares of the technology company’s stock valued at $1,377,000 after buying an additional 46,080 shares in the last quarter. Franklin Resources Inc. purchased a new stake in American Superconductor in the 3rd quarter worth $781,000. Range Financial Group LLC acquired a new position in American Superconductor during the fourth quarter worth $1,035,000. Campbell Newman Asset Management Inc. purchased a new position in American Superconductor during the fourth quarter valued at $1,483,000. Finally, PFG Investments LLC acquired a new stake in shares of American Superconductor in the fourth quarter valued at about $280,000. Institutional investors and hedge funds own 52.28% of the company’s stock.

Analyst Ratings Changes

Separately, Oppenheimer raised their price target on shares of 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 $20.29 on Friday. American Superconductor Co. has a one year low of $12.57 and a one year high of $38.02. The business has a fifty day moving average price of $19.19 and a 200 day moving average price of $25.24. The company has a market cap of $800.64 million, a P/E ratio of 289.90 and a beta of 2.58.

American Superconductor (NASDAQ:AMSC) last issued its earnings results on Wednesday, February 5th. The technology company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates 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, sell-side 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.