BNP Paribas Financial Markets Has $304,000 Stock Position in American Superconductor Co. (NASDAQ:AMSC)

BNP Paribas Financial Markets trimmed its position in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) by 45.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,339 shares of the technology company's stock after selling 10,340 shares during the quarter. BNP Paribas Financial Markets' holdings in American Superconductor were worth $304,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMSC. SBI Securities Co. Ltd. bought a new stake in American Superconductor in the 4th quarter valued at $65,000. Jones Financial Companies Lllp lifted its position in American Superconductor by 1,083.2% in the 4th quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company's stock valued at $73,000 after acquiring an additional 2,708 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in American Superconductor by 8,670.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company's stock valued at $73,000 after acquiring an additional 2,948 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in American Superconductor in the 4th quarter valued at $170,000. Finally, Tradewinds LLC. bought a new stake in American Superconductor in the 4th quarter valued at $176,000. 52.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Oppenheimer boosted their price objective on shares of American Superconductor from $33.00 to $39.00 and gave the company an "outperform" rating in a research report on Friday, February 7th.

Insider Transactions at American Superconductor

In other news, CFO John W. Kosiba, Jr. sold 50,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $26.40, for a total transaction of $1,320,000.00. Following the transaction, the chief financial officer now directly owns 414,276 shares in the company, valued at $10,936,886.40. The trade was a 10.77% decrease in their position. 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 122,655 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $26.39, for a total transaction of $3,236,865.45. Following the transaction, the chief executive officer now owns 1,304,486 shares in the company, valued at $34,425,385.54. This represents a 8.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.40% of the stock is owned by company insiders.

American Superconductor Stock Up 0.9%

AMSC traded up $0.24 during trading on Friday, hitting $28.28. The company had a trading volume of 975,674 shares, compared to its average volume of 1,118,783. The firm's 50-day moving average price is $20.80 and its 200 day moving average price is $24.73. American Superconductor Co. has a one year low of $13.98 and a one year high of $38.02. The company has a market capitalization of $1.12 billion, a PE ratio of 404.06 and a beta of 2.81.

American Superconductor (NASDAQ:AMSC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The technology company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $66.66 million for the quarter, compared to analysts' expectations of $60.27 million. American Superconductor had a net margin of 1.64% and a return on equity of 8.95%. American Superconductor's revenue for the quarter was up 58.6% compared to the same quarter last year. Sell-side analysts forecast that American Superconductor Co. will post 0.41 earnings per share for the current year.

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.