American Superconductor Corporation $AMSC Position Lessened by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management has reduced its stake in American Superconductor Corporation by 2.6% this year, now holding approximately 309,681 shares valued at about $5.62 million.
• Several hedge funds, including Sowell Financial Services and Cambridge Investment Research, have increased their holdings in American Superconductor, indicating a growing institutional interest in the company.
• The stock currently has a market capitalization of $2.35 billion and a PE ratio of 133.59, with a consensus "Buy" rating from analysts and an average price target of $33.67.

Charles Schwab Investment Management Inc. trimmed its position in shares of American Superconductor Corporation (NASDAQ:AMSC - Free Report) by 2.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 309,681 shares of the technology company's stock after selling 8,188 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.78% of American Superconductor worth $5,618,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. California State Teachers Retirement System boosted its position in 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 worth $876,000 after purchasing an additional 709 shares in the last quarter. Alps Advisors Inc. lifted its position in shares of American Superconductor by 2.0% in the first quarter. Alps Advisors Inc. now owns 59,464 shares of the technology company's stock valued at $1,079,000 after acquiring an additional 1,160 shares in the last quarter. 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 valued at $299,000 after acquiring an additional 1,384 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of American Superconductor by 7.2% in the fourth quarter. MetLife Investment Management LLC now owns 21,201 shares of the technology company's stock valued at $522,000 after acquiring an additional 1,415 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of American Superconductor by 10.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,600 shares of the technology company's stock valued at $557,000 after acquiring an additional 2,121 shares in the last quarter. 52.28% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO John W. Kosiba, Jr. sold 4,744 shares of the stock in a transaction dated Friday, June 6th. The stock was 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 owned 409,532 shares in the company, valued at approximately $13,035,403.56. This trade represents a 1.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Daniel P. Mcgahn sold 100,848 shares of the stock in a transaction dated Monday, August 4th. The shares were 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 owned 1,183,134 shares of the company's stock, valued at approximately $64,468,971.66. This trade represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold 122,984 shares of company stock worth $6,384,950 over the last three months. 4.80% of the stock is owned by insiders.

American Superconductor Stock Performance

NASDAQ AMSC traded down $1.14 during trading hours on Tuesday, hitting $48.76. 807,025 shares of the company's stock were exchanged, compared to its average volume of 944,359. The business's 50 day moving average is $46.04 and its 200-day moving average is $31.02. American Superconductor Corporation has a 12-month low of $13.98 and a 12-month high of $58.42. The firm has a market capitalization of $2.20 billion, a P/E ratio of 125.03 and a beta of 2.88.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AMSC shares. Wall Street Zen upgraded American Superconductor from a "hold" rating to a "buy" rating in a research report on Tuesday, July 15th. Oppenheimer restated an "outperform" rating on shares of American Superconductor in a research report on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $33.67.

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.