Bridgeway Capital Management LLC lowered its stake in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) by 73.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,791 shares of the technology company's stock after selling 72,909 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.07% of American Superconductor worth $660,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in American Superconductor in the fourth quarter valued at $65,000. Jones Financial Companies Lllp lifted its position in American Superconductor by 1,083.2% in the 4th quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company's stock valued at $73,000 after purchasing an additional 2,708 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in American Superconductor by 8,670.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company's stock valued at $73,000 after purchasing an additional 2,948 shares during the period. KLP Kapitalforvaltning AS bought a new position in American Superconductor in the 4th quarter worth about $170,000. Finally, Tradewinds LLC. acquired a new stake in shares of American Superconductor in the fourth quarter valued at approximately $176,000. 52.28% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Oppenheimer boosted their price objective on American Superconductor from $33.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th.
Get Our Latest Analysis on AMSC
American Superconductor Stock Performance
Shares of AMSC opened at $21.63 on Monday. American Superconductor Co. has a one year low of $13.72 and a one year high of $38.02. The stock's fifty day moving average is $19.11 and its 200-day moving average is $25.14. The firm has a market capitalization of $853.52 million, a price-to-earnings ratio of 309.04 and a beta of 2.81.
American Superconductor Company Profile
(
Free Report)
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.
Featured Stories
Want to see what other hedge funds are holding AMSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Superconductor Co. (NASDAQ:AMSC - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider American Superconductor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Superconductor wasn't on the list.
While American Superconductor currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
