American Superconductor Co. (NASDAQ:AMSC) Shares Bought by Deutsche Bank AG

Deutsche Bank AG grew its position in American Superconductor Co. (NASDAQ:AMSC - Free Report) by 43.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,913 shares of the technology company's stock after purchasing an additional 10,029 shares during the quarter. Deutsche Bank AG owned about 0.08% of American Superconductor worth $811,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP purchased a new stake in shares of American Superconductor during the fourth quarter valued at $11,360,000. Raymond James Financial Inc. purchased a new stake in shares of American Superconductor during the fourth quarter valued at $10,188,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of American Superconductor during the fourth quarter valued at $7,310,000. Balyasny Asset Management L.P. acquired a new position in American Superconductor during the fourth quarter valued at $5,886,000. Finally, AQR Capital Management LLC lifted its position in American Superconductor by 143.5% during the fourth quarter. AQR Capital Management LLC now owns 256,230 shares of the technology company's stock valued at $6,311,000 after purchasing an additional 151,015 shares during the period. 52.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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 report on Friday, February 7th.

Insider Transactions at American Superconductor

In other news, CFO John W. Kosiba, Jr. sold 50,000 shares of the 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 sale, the chief financial officer now directly owns 414,276 shares of the company's stock, valued at $10,936,886.40. This represents a 10.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Daniel P. Mcgahn sold 122,655 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $26.39, for a total transaction of $3,236,865.45. Following the completion of the transaction, the chief executive officer now directly 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. Corporate insiders own 4.40% of the company's stock.

American Superconductor Stock Performance

NASDAQ AMSC traded up $0.24 on Friday, reaching $28.28. 975,674 shares of the company's stock traded hands, compared to its average volume of 1,118,783. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 404.06 and a beta of 2.81. The stock has a 50 day moving average price of $20.80 and a 200-day moving average price of $24.73. American Superconductor Co. has a fifty-two week low of $13.98 and a fifty-two week high of $38.02.

American Superconductor (NASDAQ:AMSC - Get Free Report) last posted its earnings results on Wednesday, May 21st. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. American Superconductor had a net margin of 1.64% and a return on equity of 8.95%. The business had revenue of $66.66 million for the quarter, compared to analyst estimates of $60.27 million. The firm's revenue was up 58.6% on a year-over-year basis. As a group, equities research analysts anticipate that American Superconductor Co. will post 0.41 EPS for the current fiscal year.

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.