Nuveen Asset Management LLC Sells 151,686 Shares of American Superconductor Co. (NASDAQ:AMSC)

Nuveen Asset Management LLC decreased its holdings in American Superconductor Co. (NASDAQ:AMSC - Free Report) by 14.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 878,624 shares of the technology company's stock after selling 151,686 shares during the quarter. Nuveen Asset Management LLC owned 2.23% of American Superconductor worth $21,641,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Gen Wealth Partners Inc acquired a new position in shares of American Superconductor in the 4th quarter valued at approximately $58,000. SBI Securities Co. Ltd. acquired a new position in shares of American Superconductor in the 4th quarter valued at approximately $65,000. Jones Financial Companies Lllp raised its position in shares of American Superconductor by 1,083.2% in the 4th quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company's stock valued at $73,000 after buying an additional 2,708 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of American Superconductor by 8,670.6% in the 4th 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. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of American Superconductor in the 4th quarter valued at approximately $170,000. Institutional investors and hedge funds own 52.28% of the company's stock.

Analysts Set New Price Targets

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.

American Superconductor Stock Performance

Shares of American Superconductor stock traded down $0.11 during midday trading on Thursday, hitting $27.79. 288,336 shares of the company traded hands, compared to its average volume of 896,672. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 396.70 and a beta of 2.81. The firm's fifty day moving average price is $20.53 and its 200-day moving average price is $24.98. American Superconductor Co. has a 12 month low of $13.98 and a 12 month high of $38.02.

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

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.