American Superconductor Corporation $AMSC Stake Increased by Andrew Hill Investment Advisors Inc.

Key Points

• Andrew Hill Investment Advisors Inc. increased its stake in American Superconductor Corporation by 109.6% during the second quarter, now owning 152,779 shares valued at approximately $5.6 million.
• Other hedge funds, including CWM LLC and GAMMA Investing LLC, also significantly boosted their positions in American Superconductor during the first quarter.
• American Superconductor's stock has shown strong performance with a current market price of $60.49, and it has exhibited a substantial one-year high of $61.11.

Andrew Hill Investment Advisors Inc. increased its stake in shares of American Superconductor Corporation (NASDAQ:AMSC - Free Report) by 109.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 152,779 shares of the technology company's stock after purchasing an additional 79,888 shares during the quarter. American Superconductor accounts for 4.5% of Andrew Hill Investment Advisors Inc.'s holdings, making the stock its 3rd biggest holding. Andrew Hill Investment Advisors Inc. owned approximately 0.39% of American Superconductor worth $5,605,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMSC. Voya Investment Management LLC increased its position in American Superconductor by 81.0% during the 1st quarter. Voya Investment Management LLC now owns 19,199 shares of the technology company's stock valued at $348,000 after buying an additional 8,594 shares in the last quarter. Inspire Investing LLC purchased a new position in American Superconductor during the first quarter worth approximately $699,000. Strs Ohio purchased a new position in American Superconductor during the first quarter worth approximately $379,000. Goldman Sachs Group Inc. lifted its holdings in American Superconductor by 54.6% in the first quarter. Goldman Sachs Group Inc. now owns 481,961 shares of the technology company's stock valued at $8,743,000 after acquiring an additional 170,243 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in American Superconductor by 3,280.5% during the first quarter. Jones Financial Companies Lllp now owns 99,994 shares of the technology company's stock worth $1,814,000 after acquiring an additional 97,036 shares during the last quarter. Institutional investors own 52.28% of the company's stock.

Analysts Set New Price Targets

AMSC has been the subject of several analyst reports. Wall Street Zen raised American Superconductor from a "hold" rating to a "buy" rating in a research note on Tuesday, July 15th. Oppenheimer reaffirmed an "outperform" rating on shares of American Superconductor in a research report on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $34.00.

American Superconductor Stock Performance

Shares of American Superconductor stock traded down $2.94 during trading hours on Friday, reaching $61.55. The company's stock had a trading volume of 2,872,662 shares, compared to its average volume of 969,010. American Superconductor Corporation has a one year low of $13.98 and a one year high of $65.70. The company has a market capitalization of $2.78 billion, a P/E ratio of 157.82 and a beta of 2.88. The stock's fifty day simple moving average is $50.28 and its two-hundred day simple moving average is $33.68.

Insiders Place Their Bets

In related news, Director Arthur H. House sold 9,703 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $50.92, for a total transaction of $494,076.76. Following the transaction, the director directly owned 48,663 shares of the company's stock, valued at $2,477,919.96. This trade represents a 16.62% 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, CEO Daniel P. Mcgahn sold 100,848 shares of American Superconductor stock in a transaction dated Monday, August 4th. The stock was 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 directly owned 1,183,134 shares in the company, valued at approximately $64,468,971.66. This represents a 7.85% decrease in their position. The disclosure for this sale can be found here. 4.80% of the stock is currently owned by company insiders.

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.