Andrew Hill Investment Advisors Inc. Has $5.61 Million Holdings in American Superconductor Corporation $AMSC

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. raised its holdings in American Superconductor Corporation (NASDAQ:AMSC - Free Report) by 109.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,779 shares of the technology company's stock after buying an additional 79,888 shares during the quarter. American Superconductor makes up approximately 4.5% of Andrew Hill Investment Advisors Inc.'s holdings, making the stock its 3rd largest holding. Andrew Hill Investment Advisors Inc. owned 0.39% of American Superconductor worth $5,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Voya Investment Management LLC lifted its stake in shares of American Superconductor by 81.0% in the 1st quarter. Voya Investment Management LLC now owns 19,199 shares of the technology company's stock valued at $348,000 after purchasing an additional 8,594 shares in the last quarter. Inspire Investing LLC purchased a new stake in shares of American Superconductor during the 1st quarter worth about $699,000. Strs Ohio purchased a new stake in shares of American Superconductor during the 1st quarter worth about $379,000. Goldman Sachs Group Inc. grew its holdings in shares of American Superconductor by 54.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 481,961 shares of the technology company's stock worth $8,743,000 after purchasing an additional 170,243 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in shares of American Superconductor by 3,280.5% during the 1st quarter. Jones Financial Companies Lllp now owns 99,994 shares of the technology company's stock worth $1,814,000 after purchasing an additional 97,036 shares during the period. Hedge funds and other institutional investors own 52.28% of the company's stock.

Analyst Upgrades and Downgrades

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

American Superconductor Stock Performance

Shares of NASDAQ:AMSC traded up $3.32 on Monday, hitting $64.87. The company's stock had a trading volume of 686,824 shares, compared to its average volume of 1,052,366. American Superconductor Corporation has a 12 month low of $13.98 and a 12 month high of $65.70. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 165.68 and a beta of 2.89. The stock's 50-day moving average is $50.28 and its two-hundred day moving average is $33.79.

Insider Activity

In related news, CEO Daniel P. Mcgahn sold 100,848 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $54.49, for a total value of $5,495,207.52. Following the completion of the sale, the chief executive officer directly owned 1,183,134 shares of the company's stock, valued at approximately $64,468,971.66. This represents a 7.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arthur H. House sold 9,703 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $50.92, for a total value of $494,076.76. Following the completion of the sale, the director directly 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 disclosure for this sale can be found here. 4.80% of the stock is currently owned by corporate 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.