Fox Run Management L.L.C. Takes Position in American Superconductor Corporation $AMSC

Key Points

• Fox Run Management L.L.C. acquired 28,719 shares of American Superconductor Corporation, valued at approximately $521,000, representing about 0.07% of the company's stock as of the most recent reporting period.
• American Superconductor reported a 58.6% year-over-year increase in revenue for the quarter, posting $66.66 million, and exceeded earnings estimates with $0.12 earnings per share.
• Insider trading activity saw CEO Daniel P. Mcgahn sell over 100,000 shares of stock, reducing his ownership stake by 7.85%, while several institutional investors increased their positions in the company.

Fox Run Management L.L.C. bought a new position in American Superconductor Corporation (NASDAQ:AMSC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 28,719 shares of the technology company's stock, valued at approximately $521,000. Fox Run Management L.L.C. owned 0.07% of American Superconductor as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in shares of American Superconductor by 1.9% in the 1st quarter. Sei Investments Co. now owns 53,070 shares of the technology company's stock valued at $963,000 after purchasing an additional 964 shares in the last quarter. Nuveen LLC purchased a new stake in shares of American Superconductor in the 1st quarter worth about $14,123,000. Invesco Ltd. boosted its position in shares of American Superconductor by 23.1% in the 1st quarter. Invesco Ltd. now owns 243,523 shares of the technology company's stock worth $4,418,000 after purchasing an additional 45,740 shares in the last quarter. National Bank of Canada FI grew its stake in shares of American Superconductor by 27.9% in the first quarter. National Bank of Canada FI now owns 9,506 shares of the technology company's stock worth $172,000 after acquiring an additional 2,072 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in American Superconductor by 2.9% in the first quarter. Vanguard Group Inc. now owns 2,287,585 shares of the technology company's stock worth $41,497,000 after buying an additional 64,650 shares during the last quarter. Institutional investors own 52.28% of the company's stock.

American Superconductor Price Performance

NASDAQ AMSC traded up $2.09 during midday trading on Friday, hitting $50.68. 564,187 shares of the company traded hands, compared to its average volume of 1,044,151. The company has a market cap of $2.29 billion, a PE ratio of 129.95 and a beta of 2.95. The company's 50-day simple moving average is $42.83 and its 200-day simple moving average is $29.89. American Superconductor Corporation has a 52 week low of $13.98 and a 52 week high of $58.42.

American Superconductor (NASDAQ:AMSC - Get Free Report) last released its earnings results on Wednesday, May 21st. The technology company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. The company had revenue of $66.66 million during the quarter, compared to analysts' expectations of $60.27 million. American Superconductor had a net margin of 6.00% and a return on equity of 9.35%. American Superconductor's revenue for the quarter was up 58.6% compared to the same quarter last year. On average, research analysts predict that American Superconductor Corporation will post 0.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AMSC shares. Wall Street Zen upgraded American Superconductor from a "hold" rating to a "buy" rating in a research note on Tuesday, July 15th. Oppenheimer restated an "outperform" rating on shares of American Superconductor in a research report on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $33.67.

Insiders Place Their Bets

In other news, CEO Daniel P. Mcgahn sold 100,848 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $54.49, for a total transaction of $5,495,207.52. Following the completion of the sale, the chief executive officer owned 1,183,134 shares of the company's stock, valued at $64,468,971.66. The trade was a 7.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO John W. Kosiba, Jr. sold 4,744 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $31.83, for a total transaction of $151,001.52. Following the completion of the transaction, the chief financial officer directly owned 409,532 shares in the company, valued at approximately $13,035,403.56. This represents a 1.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 295,639 shares of company stock valued at $10,941,815. Company insiders own 4.80% of the company's stock.

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.