PNC Financial Services Group Inc. lifted its stake in shares of American Superconductor Corporation (NASDAQ:AMSC – Free Report) by 16,566.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,000 shares of the technology company’s stock after purchasing an additional 3,976 shares during the period. PNC Financial Services Group Inc.’s holdings in American Superconductor were worth $147,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of AMSC. GAMMA Investing LLC raised its stake in American Superconductor by 104.7% during the second quarter. GAMMA Investing LLC now owns 954 shares of the technology company’s stock valued at $35,000 after buying an additional 488 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of American Superconductor by 65.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,867 shares of the technology company’s stock valued at $142,000 after acquiring an additional 1,527 shares during the last quarter. Mayflower Financial Advisors LLC acquired a new stake in shares of American Superconductor during the 2nd quarter valued at approximately $210,000. Teacher Retirement System of Texas bought a new position in American Superconductor during the second quarter worth $220,000. Finally, Assenagon Asset Management S.A. acquired a new position in American Superconductor in the second quarter worth $228,000. 52.28% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of American Superconductor in a report on Monday. Oppenheimer reaffirmed an “outperform” rating on shares of American Superconductor in a research report on Thursday, November 6th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $39.00.
American Superconductor Stock Performance
American Superconductor stock opened at $31.14 on Friday. The company has a 50-day simple moving average of $50.69 and a 200-day simple moving average of $44.63. The firm has a market capitalization of $1.41 billion, a P/E ratio of 79.84 and a beta of 3.01. American Superconductor Corporation has a one year low of $13.98 and a one year high of $70.49.
American Superconductor (NASDAQ:AMSC – Get Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The technology company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.05. The firm had revenue of $65.86 million for the quarter, compared to the consensus estimate of $67.23 million. American Superconductor had a net margin of 6.00% and a return on equity of 9.35%. American Superconductor’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period last year, the firm posted $0.27 EPS. American Superconductor has set its Q3 2025 guidance at 0.140- EPS. As a group, sell-side analysts forecast that American Superconductor Corporation will post 0.41 earnings per share for the current year.
American Superconductor 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.
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