Savant Capital LLC Lowers Holdings in American Superconductor Corporation $AMSC

Savant Capital LLC reduced its holdings in shares of American Superconductor Corporation (NASDAQ:AMSCFree Report) by 57.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,943 shares of the technology company’s stock after selling 8,070 shares during the period. Savant Capital LLC’s holdings in American Superconductor were worth $218,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in AMSC. ROI Financial Advisors LLC acquired a new position in shares of American Superconductor in the second quarter worth $261,000. Voya Investment Management LLC boosted its holdings in American Superconductor by 81.0% in the first quarter. Voya Investment Management LLC now owns 19,199 shares of the technology company’s stock valued at $348,000 after purchasing an additional 8,594 shares during the period. Assenagon Asset Management S.A. purchased a new position in American Superconductor in the second quarter valued at $228,000. Janney Montgomery Scott LLC acquired a new position in American Superconductor during the 2nd quarter worth $1,679,000. Finally, Emerald Mutual Fund Advisers Trust increased its holdings in American Superconductor by 1,598.1% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 213,914 shares of the technology company’s stock worth $7,849,000 after purchasing an additional 201,317 shares during the period. 52.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AMSC. Oppenheimer reiterated an “outperform” rating on shares of American Superconductor in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of American Superconductor in a report on Tuesday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $39.00.

Get Our Latest Report on AMSC

American Superconductor Stock Performance

NASDAQ:AMSC opened at $31.18 on Thursday. American Superconductor Corporation has a 1 year low of $13.98 and a 1 year high of $70.49. The stock has a market cap of $1.41 billion, a P/E ratio of 79.95 and a beta of 3.01. The stock has a 50-day simple moving average of $54.62 and a 200-day simple moving average of $44.34.

American Superconductor (NASDAQ:AMSCGet Free Report) last issued its earnings results on Wednesday, November 5th. The technology company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.05. The business had revenue of $65.86 million for the quarter, compared to analyst estimates of $67.23 million. American Superconductor had a return on equity of 9.35% and a net margin of 6.00%.The business’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the company earned $0.27 EPS. American Superconductor has set its Q3 2025 guidance at 0.140- EPS. On average, equities research analysts predict that American Superconductor Corporation will post 0.41 EPS for the current year.

About American Superconductor

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for American Superconductor (NASDAQ:AMSC)

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