American Superconductor Co. (NASDAQ:AMSC) Stock Position Trimmed by Andrew Hill Investment Advisors Inc.

Andrew Hill Investment Advisors Inc. decreased its stake in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) by 36.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,891 shares of the technology company's stock after selling 42,080 shares during the period. American Superconductor accounts for 1.3% of Andrew Hill Investment Advisors Inc.'s portfolio, making the stock its 26th largest position. Andrew Hill Investment Advisors Inc. owned about 0.18% of American Superconductor worth $1,322,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in AMSC. Arizona State Retirement System grew its stake in American Superconductor by 4.1% during the fourth quarter. Arizona State Retirement System now owns 11,092 shares of the technology company's stock worth $273,000 after buying an additional 439 shares during the period. Atria Wealth Solutions Inc. lifted its holdings in shares of American Superconductor by 4.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 12,475 shares of the technology company's stock valued at $307,000 after acquiring an additional 500 shares in the last quarter. Rhumbline Advisers boosted its position in American Superconductor by 1.2% during the 4th quarter. Rhumbline Advisers now owns 51,119 shares of the technology company's stock worth $1,259,000 after purchasing an additional 606 shares during the period. California State Teachers Retirement System increased its holdings in American Superconductor by 2.0% in the 4th quarter. California State Teachers Retirement System now owns 35,559 shares of the technology company's stock valued at $876,000 after purchasing an additional 709 shares in the last quarter. Finally, Hillsdale Investment Management Inc. raised its position in American Superconductor by 0.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 183,800 shares of the technology company's stock valued at $4,527,000 after purchasing an additional 1,150 shares during the period. Institutional investors and hedge funds own 52.28% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Oppenheimer upped 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 Price Performance

Shares of NASDAQ:AMSC traded up $0.99 during midday trading on Wednesday, reaching $31.05. The company had a trading volume of 549,590 shares, compared to its average volume of 1,112,460. The stock has a market capitalization of $1.23 billion, a P/E ratio of 443.63 and a beta of 2.81. The stock's fifty day moving average price is $21.18 and its 200-day moving average price is $24.76. American Superconductor Co. has a one year low of $13.98 and a one year high of $38.02.

American Superconductor (NASDAQ:AMSC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The technology company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The business had revenue of $66.66 million for the quarter, compared to analysts' expectations of $60.27 million. American Superconductor had a net margin of 1.64% and a return on equity of 8.95%. The business's revenue was up 58.6% compared to the same quarter last year. As a group, sell-side analysts forecast that American Superconductor Co. will post 0.41 earnings per share for the current year.

Insider Activity at American Superconductor

In related news, CEO Daniel P. Mcgahn sold 122,655 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $26.39, for a total transaction of $3,236,865.45. Following the sale, the chief executive officer now owns 1,304,486 shares in the company, valued at $34,425,385.54. This represents a 8.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John W. Kosiba, Jr. sold 50,000 shares of American Superconductor stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $26.40, for a total value of $1,320,000.00. Following the completion of the transaction, the chief financial officer now owns 414,276 shares of the company's stock, valued at approximately $10,936,886.40. The trade was a 10.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.40% of the company's stock.

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.