Bridgeway Capital Management LLC lessened its holdings 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 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 about 0.07% of American Superconductor worth $660,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of American Superconductor by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 856,455 shares of the technology company's stock worth $21,099,000 after buying an additional 9,043 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in American Superconductor by 7.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 654,299 shares of the technology company's stock valued at $16,117,000 after purchasing an additional 46,354 shares in the last quarter. Wellington Management Group LLP purchased a new position in American Superconductor in the fourth quarter valued at about $11,360,000. Raymond James Financial Inc. bought a new stake in shares of American Superconductor during the 4th quarter worth about $10,188,000. Finally, Legal & General Group Plc boosted its stake in shares of American Superconductor by 1.8% during the 4th quarter. Legal & General Group Plc now owns 347,549 shares of the technology company's stock worth $8,560,000 after acquiring an additional 6,192 shares in the last quarter. Institutional investors and hedge funds own 52.28% of the company's stock.
American Superconductor Stock Performance
Shares of NASDAQ:AMSC traded up $0.50 during trading on Friday, hitting $24.02. 399,121 shares of the stock were exchanged, compared to its average volume of 1,118,588. American Superconductor Co. has a 1-year low of $13.74 and a 1-year high of $38.02. The company's fifty day simple moving average is $19.58 and its 200-day simple moving average is $25.12. The company has a market capitalization of $947.83 million, a price-to-earnings ratio of 343.19 and a beta of 2.81.
Analyst Ratings Changes
Separately, Oppenheimer increased their target price on American Superconductor from $33.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday, February 7th.
Read Our Latest Stock Report on AMSC
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.
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