Hussman Strategic Advisors Inc. Sells 42,000 Shares of American Superconductor Corporation (NASDAQ:AMSC)

Hussman Strategic Advisors Inc. reduced its position in American Superconductor Corporation (NASDAQ:AMSC - Free Report) by 66.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,000 shares of the technology company's stock after selling 42,000 shares during the period. Hussman Strategic Advisors Inc. owned approximately 0.05% of American Superconductor worth $381,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AMSC. Gen Wealth Partners Inc bought a new stake in shares of American Superconductor in the 4th quarter valued at approximately $58,000. PNC Financial Services Group Inc. boosted its stake in American Superconductor by 8,670.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company's stock valued at $73,000 after buying an additional 2,948 shares in the last quarter. CWM LLC boosted its position in shares of American Superconductor by 49.5% in the 1st quarter. CWM LLC now owns 7,915 shares of the technology company's stock valued at $144,000 after purchasing an additional 2,622 shares during the period. GAMMA Investing LLC boosted its position in shares of American Superconductor by 3,089.8% in the 1st quarter. GAMMA Investing LLC now owns 8,453 shares of the technology company's stock valued at $153,000 after purchasing an additional 8,188 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in American Superconductor in the 4th quarter worth about $170,000. 52.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised American Superconductor from a "hold" rating to a "buy" rating in a report on Tuesday, July 15th.

Insider Buying and Selling

In other news, CEO Daniel P. Mcgahn sold 7,689 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $31.82, for a total transaction of $244,663.98. Following the transaction, the chief executive officer owned 1,296,797 shares in the company, valued at approximately $41,264,080.54. This trade represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John W. Kosiba, Jr. sold 4,744 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $31.83, for a total value of $151,001.52. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,088 shares of company stock valued at $4,952,531. Insiders own 4.80% of the company's stock.

American Superconductor Stock Down 2.5%

NASDAQ AMSC traded down $1.07 on Tuesday, reaching $41.23. The company had a trading volume of 1,126,599 shares, compared to its average volume of 1,096,999. The stock's 50 day moving average is $32.15 and its 200-day moving average is $26.22. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 274.87 and a beta of 2.91. American Superconductor Corporation has a 52 week low of $13.98 and a 52 week high of $43.41.

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, beating analysts' consensus estimates of $0.10 by $0.02. The firm had revenue of $66.66 million during the quarter, compared to analysts' expectations of $60.27 million. American Superconductor had a return on equity of 8.89% and a net margin of 2.71%. The firm's revenue was up 58.6% on a year-over-year basis. As a group, analysts forecast that American Superconductor Corporation will post 0.41 EPS for the current 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.