American Superconductor Sees Unusually Large Options Volume (NASDAQ:AMSC)

American Superconductor Co. (NASDAQ:AMSC - Get Free Report) saw some unusual options trading on Thursday. Investors purchased 2,896 call options on the company. This is an increase of 90% compared to the typical daily volume of 1,525 call options.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atreides Management LP acquired a new position in shares of American Superconductor during the first quarter worth approximately $14,948,000. Nuveen LLC acquired a new stake in American Superconductor in the 1st quarter valued at $14,123,000. Wellington Management Group LLP bought a new stake in American Superconductor during the 4th quarter valued at $11,360,000. Raymond James Financial Inc. acquired a new position in American Superconductor during the fourth quarter worth $10,188,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in American Superconductor during the fourth quarter worth $7,310,000. Institutional investors own 52.28% of the company's stock.

American Superconductor Trading Up 3.6%

NASDAQ AMSC traded up $0.88 on Thursday, hitting $25.07. 855,857 shares of the company were exchanged, compared to its average volume of 1,120,346. The company has a market cap of $989.26 million, a PE ratio of 353.35 and a beta of 2.81. The stock has a fifty day moving average of $19.89 and a 200-day moving average of $25.09. American Superconductor has a 12 month low of $13.98 and a 12 month high of $38.02.

American Superconductor (NASDAQ:AMSC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The technology company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $66.66 million for the quarter, compared to analyst estimates of $60.27 million. American Superconductor had a net margin of 1.64% and a return on equity of 8.95%. The business's quarterly revenue was up 58.6% compared to the same quarter last year. On average, analysts expect that American Superconductor will post 0.41 earnings per share for the current year.

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.

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