American Superconductor Corporation $AMSC Shares Purchased by AWM Investment Company Inc.

Key Points

• AWM Investment Company Inc. increased its stake in American Superconductor Corporation by 3.0%, owning approximately $28.3 million worth of shares, making it the company's second-largest holding.
• Insider sales included CEO Daniel P. Mcgahn selling 100,848 shares for over $5.49 million, indicating a 7.85% decrease in his position.
• American Superconductor has received a "buy" rating from multiple brokerages, with a consensus price target of $33.67.

AWM Investment Company Inc. raised its position in shares of American Superconductor Corporation (NASDAQ:AMSC - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,558,478 shares of the technology company's stock after purchasing an additional 45,000 shares during the quarter. American Superconductor accounts for 3.9% of AWM Investment Company Inc.'s portfolio, making the stock its 2nd largest position. AWM Investment Company Inc. owned approximately 3.95% of American Superconductor worth $28,271,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AMSC. Atreides Management LP purchased a new stake in shares of American Superconductor in the first quarter worth about $14,948,000. Nuveen LLC purchased a new stake in shares of American Superconductor in the first quarter worth about $14,123,000. Wellington Management Group LLP purchased a new stake in shares of American Superconductor in the fourth quarter worth about $11,360,000. Trexquant Investment LP purchased a new stake in shares of American Superconductor in the first quarter worth about $4,397,000. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of American Superconductor in the fourth quarter worth about $5,886,000. Hedge funds and other institutional investors own 52.28% of the company's stock.

Insider Buying and Selling

In other American Superconductor news, Director Arthur H. House sold 9,703 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $50.92, for a total transaction of $494,076.76. Following the completion of the transaction, the director owned 48,663 shares of the company's stock, valued at $2,477,919.96. This represents a 16.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Daniel P. Mcgahn sold 100,848 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $54.49, for a total value of $5,495,207.52. Following the transaction, the chief executive officer directly 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 position. The disclosure for this sale can be found here. 4.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMSC. 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 note on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, American Superconductor presently has an average rating of "Buy" and an average price target of $33.67.

American Superconductor Price Performance

NASDAQ AMSC traded up $0.35 during trading hours on Friday, reaching $48.88. The company's stock had a trading volume of 633,533 shares, compared to its average volume of 917,769. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 125.34 and a beta of 2.88. American Superconductor Corporation has a 1-year low of $13.98 and a 1-year high of $58.42. The company's 50-day moving average is $46.82 and its two-hundred day moving average is $31.37.

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.