American Superconductor Corporation $AMSC Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in American Superconductor Corporation by 23.1%, owning 243,523 shares valued at approximately $4.4 million.
• Analysts have raised their ratings on American Superconductor, with an average target price of $33.67 reflecting a bullish outlook on the stock.
• Insider selling was reported, with Director Arthur H. House selling 9,703 shares and CEO Daniel P. Mcgahn selling 100,848 shares, leading to a decrease in their respective holdings.

Invesco Ltd. lifted its stake in shares of American Superconductor Corporation (NASDAQ:AMSC - Free Report) by 23.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 243,523 shares of the technology company's stock after purchasing an additional 45,740 shares during the period. Invesco Ltd. owned 0.62% of American Superconductor worth $4,418,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of American Superconductor by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 2,287,585 shares of the technology company's stock worth $41,497,000 after purchasing an additional 64,650 shares during the last quarter. Driehaus Capital Management LLC raised its position in shares of American Superconductor by 18.0% during the 4th quarter. Driehaus Capital Management LLC now owns 942,698 shares of the technology company's stock valued at $23,219,000 after buying an additional 143,936 shares during the period. Royce & Associates LP raised its position in shares of American Superconductor by 3.4% during the 1st quarter. Royce & Associates LP now owns 867,342 shares of the technology company's stock valued at $15,734,000 after buying an additional 28,410 shares during the period. Dimensional Fund Advisors LP raised its position in shares of American Superconductor by 7.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 654,299 shares of the technology company's stock valued at $16,117,000 after buying an additional 46,354 shares during the period. Finally, Wellington Management Group LLP purchased a new stake in shares of American Superconductor during the 4th quarter valued at approximately $11,360,000. 52.28% of the stock is currently owned by institutional investors and hedge funds.

American Superconductor Stock Down 0.3%

NASDAQ AMSC traded down $0.13 on Wednesday, reaching $48.63. The stock had a trading volume of 710,661 shares, compared to its average volume of 944,359. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 124.70 and a beta of 2.88. American Superconductor Corporation has a 12-month low of $13.98 and a 12-month high of $58.42. The stock has a fifty day moving average price of $46.33 and a two-hundred day moving average price of $31.14.

Insider Transactions at American Superconductor

In other news, Director Arthur H. House sold 9,703 shares of the company's stock in a transaction 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 sale, the director owned 48,663 shares of the company's stock, valued at approximately $2,477,919.96. This represents a 16.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John W. Kosiba, Jr. sold 4,744 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $31.83, for a total value of $151,001.52. Following the sale, the chief financial officer directly owned 409,532 shares in the company, valued at $13,035,403.56. This represents a 1.15% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 122,984 shares of company stock valued at $6,384,950. 4.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AMSC has been the topic of several analyst reports. Wall Street Zen raised shares of American Superconductor from a "hold" rating to a "buy" rating in a research report on Tuesday, July 15th. Oppenheimer reaffirmed an "outperform" rating on shares of American Superconductor in a research report on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $33.67.

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.