SG Americas Securities LLC Sells 35,607 Shares of American Superconductor Corporation $AMSC

SG Americas Securities LLC trimmed its stake in American Superconductor Corporation (NASDAQ:AMSC) by 50.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,385 shares of the technology company’s stock after selling 35,607 shares during the quarter. SG Americas Securities LLC’s holdings in American Superconductor were worth $1,198,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lodestone Wealth Management LLC acquired a new position in shares of American Superconductor during the fourth quarter valued at about $30,000. Rockefeller Capital Management L.P. grew its stake in shares of American Superconductor by 45.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,563 shares of the technology company’s stock valued at $45,000 after buying an additional 492 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of American Superconductor in the 4th quarter valued at about $60,000. Canada Pension Plan Investment Board increased its position in American Superconductor by 100.0% in the 2nd 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 in the last quarter. Finally, Federation des caisses Desjardins du Quebec increased its position in American Superconductor by 275.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 2,625 shares of the technology company’s stock valued at $76,000 after buying an additional 1,925 shares in the last quarter. 52.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded American Superconductor from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

American Superconductor Stock Performance

Shares of AMSC stock opened at $37.11 on Friday. The firm has a market capitalization of $1.80 billion, a PE ratio of 12.37 and a beta of 3.22. The firm has a fifty day simple moving average of $47.01 and a two-hundred day simple moving average of $37.48. American Superconductor Corporation has a 12 month low of $24.87 and a 12 month high of $70.49.

American Superconductor (NASDAQ:AMSC) last released its quarterly earnings data on Wednesday, May 27th. The technology company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.11. The firm had revenue of $86.41 million for the quarter, compared to analyst estimates of $82.10 million. American Superconductor had a net margin of 44.73% and a return on equity of 32.19%. The business’s quarterly revenue was up 29.6% compared to the same quarter last year. During the same period last year, the firm earned $0.12 earnings per share. American Superconductor has set its Q1 2026 guidance at 0.170- EPS. On average, equities analysts predict that American Superconductor Corporation will post 0.66 earnings per share for the current fiscal year.

Insider Transactions at American Superconductor

In related news, CFO John W. Kosiba, Jr. sold 6,769 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $37.46, for a total value of $253,566.74. Following the transaction, the chief financial officer owned 334,377 shares of the company’s stock, valued at approximately $12,525,762.42. This trade represents a 1.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Daniel P. Mcgahn sold 16,117 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $37.45, for a total transaction of $603,581.65. Following the completion of the transaction, the chief executive officer directly owned 1,131,929 shares in the company, valued at approximately $42,390,741.05. The trade was a 1.40% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 37,391 shares of company stock worth $1,463,119 in the last 90 days. 3.60% of the stock is currently owned by company insiders.

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.