UBS Group AG Has $21.43 Million Stock Position in American Superconductor Corporation $AMSC

UBS Group AG boosted its position in shares of American Superconductor Corporation (NASDAQ:AMSC) by 284.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 744,563 shares of the technology company’s stock after purchasing an additional 550,829 shares during the quarter. UBS Group AG owned about 1.65% of American Superconductor worth $21,429,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Lodestone Wealth Management LLC acquired a new stake in shares of American Superconductor during the 4th quarter worth approximately $30,000. Canada Pension Plan Investment Board lifted its holdings in American Superconductor by 100.0% in the second quarter. Canada Pension Plan Investment Board now owns 2,000 shares of the technology company’s stock valued at $73,000 after buying an additional 1,000 shares during the period. State of Alaska Department of Revenue bought a new position in American Superconductor in the third quarter valued at approximately $124,000. Stance Capital LLC bought a new position in American Superconductor in the third quarter valued at approximately $155,000. Finally, Global Retirement Partners LLC grew its holdings in American Superconductor by 32.9% during the 3rd quarter. Global Retirement Partners LLC now owns 3,212 shares of the technology company’s stock worth $191,000 after acquiring an additional 796 shares during the period. 52.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMSC has been the topic of a number of analyst reports. Wall Street Zen downgraded American Superconductor from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Weiss Ratings raised American Superconductor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Finally, Zacks Research downgraded American Superconductor from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

American Superconductor Stock Up 6.4%

Shares of NASDAQ AMSC opened at $58.72 on Tuesday. The stock has a market cap of $2.80 billion, a P/E ratio of 20.04 and a beta of 3.28. The firm has a 50 day moving average price of $37.63 and a 200 day moving average price of $35.95. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.80 and a current ratio of 2.66. American Superconductor Corporation has a 52-week low of $22.62 and a 52-week high of $70.49.

American Superconductor Profile

American Superconductor Corporation (NASDAQ:AMSC) is a technology company specializing in power electronics and high-temperature superconductor systems. Founded in 1987 and headquartered in Devens, Massachusetts, AMSC develops hardware and software solutions aimed at improving the efficiency, reliability and stability of electric power systems and renewable energy infrastructure. The company’s engineering expertise spans from the lab scale to full commercial deployment, with a focus on tackling grid integration challenges for utilities and independent power producers.

AMSC’s portfolio includes superconducting wire and cryogenic systems, power grid stabilization devices, and turnkey wind turbine electronics.