AQR Capital Management LLC Purchases 151,015 Shares of American Superconductor Co. (NASDAQ:AMSC)

AQR Capital Management LLC raised its stake in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) by 143.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 256,230 shares of the technology company's stock after buying an additional 151,015 shares during the period. AQR Capital Management LLC owned about 0.65% of American Superconductor worth $6,311,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AMSC. Wellington Management Group LLP acquired a new stake in shares of American Superconductor during the 4th quarter valued at $11,360,000. Raymond James Financial Inc. acquired a new stake in shares of American Superconductor during the 4th quarter valued at $10,188,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of American Superconductor during the 4th quarter valued at $7,310,000. KBC Group NV acquired a new stake in shares of American Superconductor during the 4th quarter valued at $2,492,000. Finally, KP Management LLC acquired a new stake in shares of American Superconductor during the 4th quarter valued at $2,340,000. Institutional investors and hedge funds own 52.28% of the company's stock.

Analyst Ratings Changes

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

American Superconductor Stock Performance

Shares of American Superconductor stock traded up $1.23 during midday trading on Tuesday, reaching $24.03. 255,126 shares of the company's stock traded hands, compared to its average volume of 1,109,018. The company has a market cap of $948.22 million, a price-to-earnings ratio of 343.33 and a beta of 2.81. The company's 50 day simple moving average is $19.17 and its 200 day simple moving average is $25.13. American Superconductor Co. has a 52 week low of $13.72 and a 52 week high of $38.02.

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.