VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in American Superconductor Corporation $AMSC

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of American Superconductor Corporation (NASDAQ:AMSC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 16,500 shares of the technology company’s stock, valued at approximately $475,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in American Superconductor by 19.6% during the fourth quarter. Vanguard Group Inc. now owns 3,526,632 shares of the technology company’s stock worth $101,496,000 after purchasing an additional 576,831 shares during the last quarter. UBS Group AG increased its position in shares of American Superconductor by 284.3% during the 4th quarter. UBS Group AG now owns 744,563 shares of the technology company’s stock valued at $21,429,000 after purchasing an additional 550,829 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of American Superconductor by 221.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 760,457 shares of the technology company’s stock valued at $45,164,000 after buying an additional 524,061 shares in the last quarter. Atreides Management LP lifted its position in American Superconductor by 34.0% in the 2nd quarter. Atreides Management LP now owns 1,104,458 shares of the technology company’s stock worth $40,523,000 after buying an additional 280,418 shares during the last quarter. Finally, Millennium Management LLC lifted its position in American Superconductor by 878.5% in the 1st quarter. Millennium Management LLC now owns 225,682 shares of the technology company’s stock worth $4,094,000 after buying an additional 202,617 shares during the last quarter. Institutional investors own 52.28% of the company’s stock.

American Superconductor Price Performance

Shares of AMSC stock opened at $50.15 on Tuesday. The business’s 50 day moving average price is $39.85 and its 200-day moving average price is $35.83. American Superconductor Corporation has a fifty-two week low of $22.85 and a fifty-two week high of $70.49. The firm has a market cap of $2.39 billion, a P/E ratio of 17.12 and a beta of 3.28. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.80 and a current ratio of 2.66.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AMSC shares. Weiss Ratings upgraded shares of American Superconductor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Zacks Research downgraded shares of American Superconductor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

About American Superconductor

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.