Capital Market Strategies LLC Invests $239,000 in American Superconductor Co. (NASDAQ:AMSC)

Capital Market Strategies LLC purchased a new stake in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 13,188 shares of the technology company's stock, valued at approximately $239,000.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP purchased a new stake in American Superconductor during the fourth quarter valued at $11,360,000. California State Teachers Retirement System raised its position in shares of American Superconductor by 2.0% during the fourth quarter. California State Teachers Retirement System now owns 35,559 shares of the technology company's stock valued at $876,000 after buying an additional 709 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in American Superconductor in the fourth quarter worth $279,000. Palisades Investment Partners LLC increased its position in American Superconductor by 9.5% in the fourth quarter. Palisades Investment Partners LLC now owns 142,415 shares of the technology company's stock worth $3,507,000 after purchasing an additional 12,317 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in American Superconductor by 21.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 73,274 shares of the technology company's stock valued at $1,805,000 after acquiring an additional 12,942 shares during the last quarter. 52.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other American Superconductor news, CEO Daniel P. Mcgahn sold 122,655 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at $34,425,385.54. This trade represents a 8.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO John W. Kosiba, Jr. sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $26.40, for a total value of $1,320,000.00. Following the completion of the sale, the chief financial officer now directly owns 414,276 shares in the company, valued at approximately $10,936,886.40. This trade represents a 10.77% decrease in their position. The disclosure for this sale can be found here. 4.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

American Superconductor Stock Up 4.2%

Shares of NASDAQ AMSC traded up $1.20 during midday trading on Tuesday, reaching $30.02. 398,659 shares of the stock were exchanged, compared to its average volume of 1,115,793. The firm has a 50-day simple moving average of $20.97 and a two-hundred day simple moving average of $24.73. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 428.92 and a beta of 2.81. American Superconductor Co. has a twelve month low of $13.98 and a twelve month high of $38.02.

American Superconductor (NASDAQ:AMSC - Get Free Report) last posted 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 business had revenue of $66.66 million for the quarter, compared to analyst estimates of $60.27 million. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. The company's quarterly revenue was up 58.6% on a year-over-year basis. Research analysts expect that American Superconductor Co. will post 0.41 EPS for the current fiscal year.

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.