Raymond James & Associates grew its stake in shares of American Superconductor Co. (NASDAQ:AMSC) by 28.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,333 shares of the technology company’s stock after buying an additional 4,311 shares during the period. Raymond James & Associates owned 0.09% of American Superconductor worth $216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of American Superconductor by 2.1% in the third quarter. Vanguard Group Inc. now owns 754,598 shares of the technology company’s stock valued at $5,244,000 after purchasing an additional 15,850 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of American Superconductor by 2.1% in the third quarter. Vanguard Group Inc now owns 754,598 shares of the technology company’s stock valued at $5,244,000 after purchasing an additional 15,850 shares in the last quarter. Cookson Peirce & Co. Inc. purchased a new position in shares of American Superconductor in the fourth quarter valued at $378,000. Bank of New York Mellon Corp grew its holdings in shares of American Superconductor by 268.5% in the fourth quarter. Bank of New York Mellon Corp now owns 112,802 shares of the technology company’s stock valued at $1,257,000 after purchasing an additional 82,192 shares in the last quarter. Finally, Bruderman Asset Management LLC purchased a new position in shares of American Superconductor in the fourth quarter valued at $25,000. Hedge funds and other institutional investors own 29.41% of the company’s stock.
AMSC stock opened at $11.85 on Wednesday. The firm has a market capitalization of $262.58 million, a P/E ratio of -6.44 and a beta of 1.12. American Superconductor Co. has a fifty-two week low of $4.84 and a fifty-two week high of $16.44.
American Superconductor (NASDAQ:AMSC) last posted its quarterly earnings data on Tuesday, February 5th. The technology company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.18. The company had revenue of $14.13 million during the quarter, compared to analyst estimates of $15.13 million. American Superconductor had a net margin of 52.83% and a negative return on equity of 25.54%. As a group, research analysts predict that American Superconductor Co. will post -0.8 EPS for the current year.
A number of research firms recently weighed in on AMSC. Zacks Investment Research raised shares of American Superconductor from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a report on Monday, January 28th. BidaskClub lowered shares of American Superconductor from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 16th. Oppenheimer raised their target price on shares of American Superconductor from $10.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, February 7th. Finally, B. Riley raised their target price on shares of American Superconductor to $11.00 and gave the company a “neutral” rating in a report on Friday, January 25th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. American Superconductor currently has an average rating of “Buy” and an average price target of $14.20.
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American Superconductor Profile
American Superconductor Corporation provides megawatt-scale solutions worldwide. The company operates in two segments, Wind and Grid. The Wind segment designs wind turbine systems and licenses these designs to third parties under the Windtec Solutions brand. It supplies power electronics and software-based control systems, and provides customer support services to wind turbine manufacturers.
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