American Superconductor Co. (NASDAQ:AMSC) Position Decreased by AWM Investment Company Inc.

AWM Investment Company Inc. reduced its holdings in American Superconductor Co. (NASDAQ:AMSC - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,513,478 shares of the technology company's stock after selling 205,589 shares during the quarter. American Superconductor comprises 4.5% of AWM Investment Company Inc.'s investment portfolio, making the stock its 2nd largest position. AWM Investment Company Inc. owned approximately 3.84% of American Superconductor worth $37,277,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AMSC. Wellington Management Group LLP bought a new position in shares of American Superconductor during the fourth quarter valued at $11,360,000. Raymond James Financial Inc. bought a new position in American Superconductor during the fourth quarter valued at approximately $10,188,000. Arrowstreet Capital Limited Partnership bought a new position in shares of American Superconductor during the 4th quarter valued at $7,310,000. Balyasny Asset Management L.P. bought a new position in American Superconductor in the fourth quarter valued at about $5,886,000. Finally, AQR Capital Management LLC grew its position in American Superconductor by 143.5% during the fourth quarter. AQR Capital Management LLC now owns 256,230 shares of the technology company's stock valued at $6,311,000 after buying an additional 151,015 shares during the period. 52.28% of the stock is owned by hedge funds and other institutional investors.

American Superconductor Price Performance

Shares of NASDAQ:AMSC traded up $0.09 during trading hours on Monday, hitting $25.28. 820,911 shares of the company's stock traded hands, compared to its average volume of 1,130,657. The business has a fifty day moving average price of $20.12 and a 200-day moving average price of $25.00. American Superconductor Co. has a 1 year low of $13.98 and a 1 year high of $38.02. The firm has a market capitalization of $998.64 million, a P/E ratio of 361.19 and a beta of 2.81.

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

Analysts Set New Price Targets

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

American Superconductor Company 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.