Atreides Management LP Cuts Stock Holdings in American Superconductor Corporation $AMSC

Atreides Management LP lowered its holdings in American Superconductor Corporation (NASDAQ:AMSC) by 30.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 771,495 shares of the technology company’s stock after selling 332,963 shares during the quarter. Atreides Management LP’s holdings in American Superconductor were worth $45,819,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership boosted its stake in shares of American Superconductor by 221.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 760,457 shares of the technology company’s stock valued at $45,164,000 after purchasing an additional 524,061 shares in the last quarter. Vanguard Group Inc. raised its stake in American Superconductor by 20.5% in the third quarter. Vanguard Group Inc. now owns 2,949,801 shares of the technology company’s stock worth $175,189,000 after buying an additional 502,754 shares in the last quarter. Millennium Management LLC raised its stake in American Superconductor by 878.5% in the first 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 in the last quarter. Goldman Sachs Group Inc. lifted its holdings in American Superconductor by 54.6% during the first quarter. Goldman Sachs Group Inc. now owns 481,961 shares of the technology company’s stock worth $8,743,000 after buying an additional 170,243 shares during the period. Finally, Jump Financial LLC purchased a new stake in American Superconductor during the second quarter worth $4,720,000. Hedge funds and other institutional investors own 52.28% of the company’s stock.

Analysts Set New Price Targets

AMSC has been the topic of a number of analyst reports. Zacks Research downgraded American Superconductor from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Wall Street Zen cut American Superconductor from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of American Superconductor in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

American Superconductor Trading Up 6.0%

NASDAQ:AMSC opened at $31.02 on Friday. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 10.59 and a beta of 2.98. American Superconductor Corporation has a 52 week low of $13.98 and a 52 week high of $70.49. The company has a quick ratio of 1.80, a current ratio of 2.66 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $31.59 and a 200 day moving average of $40.94.

American Superconductor (NASDAQ:AMSC) last released its quarterly earnings results on Wednesday, February 4th. The technology company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $2.60. The business had revenue of $74.53 million for the quarter, compared to analyst estimates of $69.03 million. American Superconductor had a net margin of 46.70% and a return on equity of 37.97%. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 earnings per share. American Superconductor has set its Q4 2025 guidance at 0.170- EPS. As a group, sell-side analysts anticipate that American Superconductor Corporation will post 0.41 earnings per share for the current fiscal year.

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.