American Superconductor Corporation $AMSC Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in American Superconductor Corporation (NASDAQ:AMSC) by 19.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,526,632 shares of the technology company’s stock after acquiring an additional 576,831 shares during the quarter. Vanguard Group Inc. owned 0.08% of American Superconductor worth $101,496,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Arizona State Retirement System lifted its holdings in American Superconductor by 3.6% in the third quarter. Arizona State Retirement System now owns 12,883 shares of the technology company’s stock valued at $765,000 after acquiring an additional 442 shares during the period. Stephens Inc. AR lifted its holdings in American Superconductor by 6.3% in the third quarter. Stephens Inc. AR now owns 8,500 shares of the technology company’s stock valued at $505,000 after acquiring an additional 500 shares during the period. PNC Financial Services Group Inc. increased its position in shares of American Superconductor by 13.6% in the third quarter. PNC Financial Services Group Inc. now owns 4,542 shares of the technology company’s stock valued at $270,000 after buying an additional 542 shares in the last quarter. Palisades Investment Partners LLC increased its position in shares of American Superconductor by 0.4% in the third quarter. Palisades Investment Partners LLC now owns 141,109 shares of the technology company’s stock valued at $8,380,000 after buying an additional 611 shares in the last quarter. Finally, Mariner LLC increased its position in shares of American Superconductor by 7.6% in the third quarter. Mariner LLC now owns 13,227 shares of the technology company’s stock valued at $786,000 after buying an additional 932 shares in the last quarter. Institutional investors and hedge funds own 52.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Weiss Ratings upgraded American Superconductor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Wall Street Zen cut American Superconductor from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, Zacks Research cut American Superconductor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

American Superconductor Trading Up 2.2%

Shares of AMSC stock opened at $55.73 on Thursday. American Superconductor Corporation has a fifty-two week low of $22.78 and a fifty-two week high of $70.49. The stock has a market cap of $2.65 billion, a P/E ratio of 19.02 and a beta of 3.28. The business has a fifty day simple moving average of $38.52 and a 200-day simple moving average of $35.94. The company has a quick ratio of 1.80, a current ratio of 2.66 and a debt-to-equity ratio of 0.01.

American Superconductor Company 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.