American Superconductor Co. (NASDAQ:AMSC) CFO John W. Kosiba, Jr. Sells 4,744 Shares

American Superconductor Co. (NASDAQ:AMSC) CFO John W. Kosiba, Jr. sold 4,744 shares of American Superconductor stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $31.83, for a total transaction of $151,001.52. Following the completion of the sale, the chief financial officer now owns 409,532 shares of the company’s stock, valued at $13,035,403.56. This represents a 1.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

American Superconductor Price Performance

American Superconductor stock traded up $1.61 during midday trading on Monday, reaching $33.09. 993,754 shares of the company traded hands, compared to its average volume of 1,115,909. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 472.78 and a beta of 2.87. American Superconductor Co. has a 12 month low of $13.98 and a 12 month high of $38.02. The business has a 50 day moving average of $21.96 and a two-hundred day moving average of $24.70.

American Superconductor (NASDAQ:AMSC) last posted its earnings results on Wednesday, May 21st. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $66.66 million for the quarter, compared to the consensus estimate of $60.27 million. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. The business’s quarterly revenue was up 58.6% on a year-over-year basis. As a group, equities analysts forecast that American Superconductor Co. will post 0.41 EPS for the current year.

Institutional Trading of American Superconductor

Hedge funds have recently modified their holdings of the company. Gen Wealth Partners Inc purchased a new stake in shares of American Superconductor in the 4th quarter worth approximately $58,000. SBI Securities Co. Ltd. bought a new position in American Superconductor in the fourth quarter worth approximately $65,000. Jones Financial Companies Lllp lifted its holdings in American Superconductor by 1,083.2% during the fourth quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company’s stock worth $73,000 after buying an additional 2,708 shares during the period. PNC Financial Services Group Inc. boosted its position in 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 valued at $73,000 after acquiring an additional 2,948 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in American Superconductor during the 4th quarter valued at $170,000. 52.28% of the stock is owned by hedge funds and other institutional investors.

About American Superconductor

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.