Baird Financial Group Inc. bought a new position in American Superconductor Co. (NASDAQ:AMSC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 67,945 shares of the technology company's stock, valued at approximately $1,673,000. Baird Financial Group Inc. owned about 0.17% of American Superconductor as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in AMSC. Balyasny Asset Management L.P. bought a new stake in shares of American Superconductor during the fourth quarter valued at about $5,886,000. Algert Global LLC acquired a new position in American Superconductor during the 4th quarter valued at about $1,541,000. Itau Unibanco Holding S.A. bought a new stake in shares of American Superconductor during the 4th quarter worth about $314,000. AQR Capital Management LLC lifted its stake in shares of American Superconductor by 143.5% in the 4th quarter. AQR Capital Management LLC now owns 256,230 shares of the technology company's stock worth $6,311,000 after acquiring an additional 151,015 shares during the period. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in shares of American Superconductor during the fourth quarter valued at approximately $204,000. Institutional investors own 52.28% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Oppenheimer increased their price target on American Superconductor from $33.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday, February 7th.
View Our Latest Research Report on American Superconductor
American Superconductor Stock Up 2.1%
American Superconductor stock traded up $0.50 during midday trading on Friday, hitting $24.02. The company's stock had a trading volume of 399,121 shares, compared to its average volume of 1,111,202. American Superconductor Co. has a 12 month low of $13.74 and a 12 month high of $38.02. The company has a market capitalization of $947.83 million, a PE ratio of 343.19 and a beta of 2.81. The stock's 50-day moving average price is $19.47 and its 200-day moving average price is $25.11.
About American Superconductor
(
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.
Further Reading
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