ArrowMark Colorado Holdings LLC Sells 59,000 Shares of American Superconductor Co. (NASDAQ:AMSC)

ArrowMark Colorado Holdings LLC lowered its stake in American Superconductor Co. (NASDAQ:AMSC - Free Report) by 28.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 146,432 shares of the technology company's stock after selling 59,000 shares during the quarter. ArrowMark Colorado Holdings LLC owned approximately 0.37% of American Superconductor worth $3,607,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. acquired a new position in shares of American Superconductor in the 3rd quarter valued at approximately $781,000. Barclays PLC lifted its holdings in shares of American Superconductor by 376.2% during the third quarter. Barclays PLC now owns 58,328 shares of the technology company's stock worth $1,377,000 after purchasing an additional 46,080 shares during the period. Campbell Newman Asset Management Inc. bought a new stake in shares of American Superconductor in the 4th quarter valued at about $1,483,000. Range Financial Group LLC acquired a new stake in American Superconductor during the 4th quarter valued at approximately $1,035,000. Finally, Heck Capital Advisors LLC bought a new position in American Superconductor during the fourth quarter worth $279,000. Institutional investors own 52.28% of the company's stock.

American Superconductor Trading Down 0.6 %

Shares of AMSC stock traded down $0.13 on Wednesday, hitting $20.72. 315,957 shares of the stock were exchanged, compared to its average volume of 1,109,235. American Superconductor Co. has a one year low of $13.07 and a one year high of $38.02. The firm's 50 day moving average is $19.08 and its two-hundred day moving average is $25.16. The firm has a market capitalization of $817.69 million, a PE ratio of 296.07 and a beta of 2.81.

American Superconductor (NASDAQ:AMSC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. American Superconductor had a net margin of 1.64% and a return on equity of 8.95%. On average, sell-side analysts expect that American Superconductor Co. will post 0.41 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Oppenheimer boosted their target price on shares of American Superconductor from $33.00 to $39.00 and gave the company 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.