Compass Financial Management LLC Buys New Position in American Superconductor Corporation $AMSC

Key Points

• Compass Financial Management initiated a position of 64,985 American Superconductor shares, worth about $1.89 million, representing 0.13% of the company. Institutional investors and hedge funds collectively own 52.28% of AMSC.
• Quarterly revenue rose 42.8% year over year to $94.04 million, topping estimates, while EPS of $0.19 narrowly missed the $0.20 consensus.
• AMSC shares were reported down 5.1%; analysts’ consensus rating was “Moderate Buy,” with a $55 price target.

Compass Financial Management LLC purchased a new position in American Superconductor Corporation (NASDAQ:AMSC - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 64,985 shares of the technology company's stock, valued at approximately $1,892,000. Compass Financial Management LLC owned 0.13% of American Superconductor as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AMSC. AWM Investment Company Inc. bought a new stake in shares of American Superconductor in the second quarter valued at about $39,501,000. Ranger Investment Management L.P. bought a new position in American Superconductor in the second quarter worth $16,823,000. Sei Investments Co. lifted its position in American Superconductor by 184.8% in the first quarter. Sei Investments Co. now owns 224,436 shares of the technology company's stock worth $7,597,000 after purchasing an additional 145,626 shares during the period. Dimensional Fund Advisors LP lifted its position in American Superconductor by 21.8% in the first quarter. Dimensional Fund Advisors LP now owns 658,297 shares of the technology company's stock worth $22,278,000 after purchasing an additional 118,044 shares during the period. Finally, First Trust Advisors LP boosted its stake in American Superconductor by 14.0% during the first quarter. First Trust Advisors LP now owns 778,268 shares of the technology company's stock worth $26,344,000 after buying an additional 95,301 shares in the last quarter. 52.28% of the stock is currently owned by institutional investors and hedge funds.

American Superconductor Trading Down 5.1%

NASDAQ:AMSC opened at $26.26 on Thursday. The stock has a market capitalization of $1.27 billion, a P/E ratio of 8.67 and a beta of 3.32. American Superconductor Corporation has a 1 year low of $24.08 and a 1 year high of $60.65. The firm has a 50 day moving average of $28.57 and a 200-day moving average of $35.08.

American Superconductor (NASDAQ:AMSC - Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $94.04 million during the quarter, compared to the consensus estimate of $87.32 million. American Superconductor had a net margin of 42.56% and a return on equity of 27.41%. The company's revenue for the quarter was up 42.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.20 EPS. As a group, analysts forecast that American Superconductor Corporation will post 0.37 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of American Superconductor from a "sell" rating to a "hold" rating in a report on Sunday, August 30th. Freedom Capital upgraded shares of American Superconductor to a "strong-buy" rating in a research report on Tuesday, July 21st. Roth Capital reissued a "buy" rating and issued a $55.00 target price (down from $58.00) on shares of American Superconductor in a research note on Monday, August 10th. Finally, Weiss Ratings lowered shares of American Superconductor from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $55.00.

About American Superconductor

American Superconductor Corporation NASDAQ: AMSC develops power-resiliency solutions that help electric utilities, industrial companies, renewable-energy developers and defense organizations improve the reliability, efficiency and performance of electrical systems. The company combines power electronics, software and engineering services to address challenges involving grid stability, power quality and renewable-energy integration.

AMSC's Gridtec business offers solutions such as voltage-regulation and power-quality systems, grid interconnection technologies, and resilient-grid products designed to support electric transmission and distribution networks.

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