D. E. Shaw & Co. Inc. boosted its stake in shares of American Superconductor Co. (NASDAQ:AMSC) by 231.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 261,852 shares of the technology company’s stock after purchasing an additional 182,795 shares during the quarter. D. E. Shaw & Co. Inc. owned about 1.22% of American Superconductor worth $2,919,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. First Trust Advisors LP lifted its position in American Superconductor by 18.6% in the third quarter. First Trust Advisors LP now owns 110,716 shares of the technology company’s stock worth $769,000 after purchasing an additional 17,344 shares during the period. Royce & Associates LP lifted its position in American Superconductor by 30.4% in the third quarter. Royce & Associates LP now owns 455,500 shares of the technology company’s stock worth $3,166,000 after purchasing an additional 106,200 shares during the period. Manatuck Hill Partners LLC bought a new position in American Superconductor in the third quarter worth $932,000. Worth Venture Partners LLC bought a new position in American Superconductor in the third quarter worth $660,000. Finally, Vanguard Group Inc. lifted its position in American Superconductor by 2.1% in the third quarter. Vanguard Group Inc. now owns 754,598 shares of the technology company’s stock worth $5,244,000 after purchasing an additional 15,850 shares during the period. 29.41% of the stock is owned by institutional investors.
Several research analysts recently commented on the company. BidaskClub cut American Superconductor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 16th. Oppenheimer raised their target price on American Superconductor from $10.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, February 7th. Zacks Investment Research raised American Superconductor from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Wednesday, February 6th. Finally, B. Riley raised their target price on American Superconductor to $11.00 and gave the stock a “neutral” rating in a research report on Friday, January 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $14.20.
American Superconductor (NASDAQ:AMSC) last released its quarterly earnings data on Tuesday, February 5th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.18. American Superconductor had a negative return on equity of 25.54% and a net margin of 52.83%. The firm had revenue of $14.13 million during the quarter, compared to analyst estimates of $15.13 million. On average, sell-side analysts forecast that American Superconductor Co. will post -0.8 EPS for the current fiscal year.
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American Superconductor Company 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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