11,312 Shares in American Superconductor Co. (NASDAQ:AMSC) Acquired by Heck Capital Advisors LLC

Heck Capital Advisors LLC purchased a new position in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,312 shares of the technology company's stock, valued at approximately $279,000.

A number of other hedge funds have also recently modified their holdings of the business. Gen Wealth Partners Inc purchased a new stake in American Superconductor in the 4th quarter valued at about $58,000. SBI Securities Co. Ltd. bought a new stake in shares of American Superconductor during the fourth quarter valued at approximately $65,000. Jones Financial Companies Lllp boosted its holdings in shares of American Superconductor by 1,083.2% in the fourth quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company's stock valued at $73,000 after purchasing an additional 2,708 shares during the period. PNC Financial Services Group Inc. grew its stake in American Superconductor by 8,670.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company's stock worth $73,000 after purchasing an additional 2,948 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in American Superconductor during the 4th quarter worth $170,000. Institutional investors own 52.28% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Oppenheimer increased their price target on American Superconductor from $33.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th.

American Superconductor Stock Performance

NASDAQ AMSC traded up $0.15 on Thursday, reaching $28.04. 739,940 shares of the company's stock traded hands, compared to its average volume of 1,132,484. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 400.63 and a beta of 2.81. American Superconductor Co. has a fifty-two week low of $13.98 and a fifty-two week high of $38.02. The stock has a 50 day moving average price of $20.53 and a 200-day moving average price of $24.98.

American Superconductor (NASDAQ:AMSC - Get Free Report) last posted its earnings results on Wednesday, May 21st. The technology company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. The firm had revenue of $66.66 million for the quarter, compared to analysts' expectations of $60.27 million. The firm's revenue for the quarter was up 58.6% compared to the same quarter last year. As a group, equities research analysts anticipate 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.