American Superconductor Co. (NASDAQ:AMSC) Stake Trimmed by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board trimmed its stake in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) by 97.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,000 shares of the technology company's stock after selling 90,800 shares during the period. Canada Pension Plan Investment Board's holdings in American Superconductor were worth $49,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AMSC. SBI Securities Co. Ltd. purchased a new position in shares of American Superconductor during the fourth quarter valued at approximately $65,000. Jones Financial Companies Lllp lifted its holdings 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 worth $73,000 after buying an additional 2,708 shares in the last quarter. PNC Financial Services Group Inc. grew 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 in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of American Superconductor during the fourth quarter worth approximately $170,000. Finally, Tradewinds LLC. acquired a new stake in shares of American Superconductor in the 4th quarter valued at about $176,000. Institutional investors and hedge funds own 52.28% of the company's stock.

Wall Street Analyst Weigh In

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

American Superconductor Price Performance

Shares of American Superconductor stock traded up $1.23 on Friday, hitting $21.52. The company had a trading volume of 149,433 shares, compared to its average volume of 1,105,385. American Superconductor Co. has a 52 week low of $12.57 and a 52 week high of $38.02. The company has a market cap of $849.18 million, a PE ratio of 305.54 and a beta of 2.58. The business has a 50-day simple moving average of $19.19 and a 200-day simple moving average of $25.24.

American Superconductor (NASDAQ:AMSC - Get Free Report) last released its earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.02. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. On average, equities research analysts predict that American Superconductor Co. will post 0.41 earnings per share for the current fiscal year.

American Superconductor Profile

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.