American Superconductor Corporation (NASDAQ:AMSC) Shares Purchased by Emerald Advisers LLC

Emerald Advisers LLC increased its position in American Superconductor Corporation (NASDAQ:AMSC - Free Report) by 37.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,719 shares of the technology company's stock after acquiring an additional 10,600 shares during the period. Emerald Advisers LLC owned approximately 0.10% of American Superconductor worth $702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in shares of American Superconductor by 8.7% in the fourth quarter. Bank of New York Mellon Corp now owns 108,609 shares of the technology company's stock worth $2,675,000 after purchasing an additional 8,731 shares during the last quarter. Jones Financial Companies Lllp raised its position in American Superconductor by 1,083.2% during the 4th quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company's stock worth $73,000 after buying an additional 2,708 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in American Superconductor by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 317,869 shares of the technology company's stock worth $7,829,000 after buying an additional 13,341 shares during the last quarter. Arizona State Retirement System lifted its stake in American Superconductor by 4.1% during the 4th quarter. Arizona State Retirement System now owns 11,092 shares of the technology company's stock valued at $273,000 after acquiring an additional 439 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of American Superconductor in the 4th quarter valued at $10,188,000. Institutional investors and hedge funds own 52.28% of the company's stock.

American Superconductor Trading Down 1.4%

Shares of AMSC stock opened at $39.17 on Monday. American Superconductor Corporation has a twelve month low of $13.98 and a twelve month high of $41.10. The stock has a market cap of $1.55 billion, a P/E ratio of 261.13 and a beta of 2.91. The stock has a 50 day moving average of $30.12 and a 200 day moving average of $25.64.

American Superconductor (NASDAQ:AMSC - Get Free Report) last posted its earnings results on Wednesday, May 21st. The technology company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $66.66 million during the quarter, compared to analyst estimates of $60.27 million. American Superconductor had a net margin of 2.71% and a return on equity of 8.89%. American Superconductor's revenue for the quarter was up 58.6% on a year-over-year basis. On average, research analysts predict that American Superconductor Corporation will post 0.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of American Superconductor from a "buy" rating to a "hold" rating in a report on Monday, July 7th.

Insider Transactions at American Superconductor

In related news, CEO Daniel P. Mcgahn sold 7,689 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $31.82, for a total value of $244,663.98. Following the completion of the transaction, the chief executive officer owned 1,296,797 shares of the company's stock, valued at approximately $41,264,080.54. This represents a 0.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John W. Kosiba, Jr. sold 4,744 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $31.83, for a total value of $151,001.52. Following the completion of the sale, the chief financial officer directly owned 409,532 shares in the company, valued at approximately $13,035,403.56. The trade was a 1.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 185,088 shares of company stock worth $4,952,531 over the last 90 days. Insiders own 4.80% of the company's stock.

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.

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