Campbell Newman Asset Management Inc. Has $2.39 Million Stock Position in American Superconductor Corporation $AMSC

Key Points

• Campbell Newman Asset Management Inc. increased its stake in American Superconductor Corporation by 7.2%, owning 65,011 shares valued at approximately $2.39 million.
• Major transactions involved company insiders, with Director Arthur H. House selling 9,703 shares and CEO Daniel P. Mcgahn selling 100,848 shares, reducing their positions by 16.62% and 7.85% respectively.
• American Superconductor currently has a market cap of $2.75 billion and a consensus rating of "Buy" from analysts, reflecting positive sentiment around its growth prospects.

Campbell Newman Asset Management Inc. lifted its holdings in American Superconductor Corporation (NASDAQ:AMSC - Free Report) by 7.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,011 shares of the technology company's stock after purchasing an additional 4,385 shares during the period. Campbell Newman Asset Management Inc. owned 0.16% of American Superconductor worth $2,385,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Sowell Financial Services LLC lifted its position in shares of American Superconductor by 9.2% in the first quarter. Sowell Financial Services LLC now owns 16,459 shares of the technology company's stock worth $299,000 after buying an additional 1,384 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in American Superconductor by 12.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 37,723 shares of the technology company's stock worth $684,000 after purchasing an additional 4,259 shares during the last quarter. SG Americas Securities LLC lifted its holdings in American Superconductor by 104.8% in the 1st quarter. SG Americas Securities LLC now owns 15,839 shares of the technology company's stock worth $287,000 after purchasing an additional 8,105 shares during the last quarter. Voya Investment Management LLC boosted its position in American Superconductor by 81.0% during the first quarter. Voya Investment Management LLC now owns 19,199 shares of the technology company's stock worth $348,000 after purchasing an additional 8,594 shares during the period. Finally, Kestra Private Wealth Services LLC acquired a new position in American Superconductor during the first quarter valued at approximately $187,000. 52.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other American Superconductor news, Director Arthur H. House sold 9,703 shares of the firm's stock in a transaction that occurred on 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 owned 48,663 shares in the company, valued at approximately $2,477,919.96. This trade represents a 16.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Daniel P. Mcgahn sold 100,848 shares of American Superconductor stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 1,183,134 shares in the company, valued at $64,468,971.66. The trade was 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.

American Superconductor Price Performance

Shares of American Superconductor stock opened at $60.84 on Tuesday. American Superconductor Corporation has a fifty-two week low of $13.98 and a fifty-two week high of $65.70. The firm has a fifty day moving average price of $52.56 and a two-hundred day moving average price of $35.53. The company has a market cap of $2.75 billion, a PE ratio of 156.00 and a beta of 2.88.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wall Street Zen raised shares of American Superconductor from a "hold" rating to a "buy" rating in a report on Tuesday, July 15th. Oppenheimer restated an "outperform" rating on shares of American Superconductor in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, American Superconductor presently has a consensus rating of "Buy" and an average price target of $39.00.

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.

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