Algert Global LLC Makes New Investment in American Superconductor Co. (NASDAQ:AMSC)

Algert Global LLC purchased a new position in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 62,558 shares of the technology company's stock, valued at approximately $1,541,000. Algert Global LLC owned about 0.16% of American Superconductor as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. Itau Unibanco Holding S.A. bought a new position in shares of American Superconductor during the fourth quarter worth about $314,000. AQR Capital Management LLC lifted its position in shares of American Superconductor by 143.5% during the fourth quarter. AQR Capital Management LLC now owns 256,230 shares of the technology company's stock worth $6,311,000 after purchasing an additional 151,015 shares during the last quarter. Emerald Mutual Fund Advisers Trust bought a new position in shares of American Superconductor during the fourth quarter worth about $204,000. Northern Trust Corp lifted its position in shares of American Superconductor by 8.9% during the fourth quarter. Northern Trust Corp now owns 327,805 shares of the technology company's stock worth $8,074,000 after purchasing an additional 26,819 shares during the last quarter. Finally, KP Management LLC bought a new position in shares of American Superconductor during the fourth quarter worth about $2,340,000. Institutional investors own 52.28% of the company's stock.

American Superconductor Stock Performance

Shares of AMSC traded up $0.78 during mid-day trading on Tuesday, reaching $23.58. 696,914 shares of the company's stock traded hands, compared to its average volume of 1,113,948. The business's 50-day moving average price is $19.17 and its 200-day moving average price is $25.13. The stock has a market capitalization of $930.47 million, a P/E ratio of 336.91 and a beta of 2.81. American Superconductor Co. has a 12 month low of $13.74 and a 12 month high of $38.02.

Analyst Ratings Changes

Separately, Oppenheimer increased their price target on shares of American Superconductor from $33.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th.

About American Superconductor

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand.