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

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

Several other large investors have also added to or reduced their stakes in the business. Arizona State Retirement System grew its stake in American Superconductor by 4.1% during the fourth quarter. Arizona State Retirement System now owns 11,092 shares of the technology company's stock worth $273,000 after purchasing an additional 439 shares during the period. Atria Wealth Solutions Inc. grew its stake in American Superconductor by 4.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 12,475 shares of the technology company's stock worth $307,000 after purchasing an additional 500 shares during the period. Rhumbline Advisers grew its stake in American Superconductor by 1.2% in the fourth quarter. Rhumbline Advisers now owns 51,119 shares of the technology company's stock valued at $1,259,000 after acquiring an additional 606 shares during the period. Hillsdale Investment Management Inc. grew its stake in American Superconductor by 0.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 183,800 shares of the technology company's stock valued at $4,527,000 after acquiring an additional 1,150 shares during the period. Finally, MetLife Investment Management LLC grew its stake in American Superconductor by 7.2% in the fourth quarter. MetLife Investment Management LLC now owns 21,201 shares of the technology company's stock valued at $522,000 after acquiring an additional 1,415 shares during the period. Institutional investors and hedge funds own 52.28% of the company's stock.

American Superconductor Stock Performance

American Superconductor stock traded up $2.10 during mid-day trading on Tuesday, reaching $27.38. The stock had a trading volume of 1,447,274 shares, compared to its average volume of 1,131,926. American Superconductor Co. has a fifty-two week low of $13.98 and a fifty-two week high of $38.02. The stock's 50-day simple moving average is $20.23 and its 200-day simple moving average is $24.94. The firm has a market capitalization of $1.08 billion, a PE ratio of 391.20 and a beta of 2.81.

American Superconductor (NASDAQ:AMSC - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $60.27 million. The company's revenue for the quarter was up 58.6% compared to the same quarter last year. On average, research analysts forecast that American Superconductor Co. will post 0.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Oppenheimer raised their price objective on American Superconductor from $33.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday, February 7th.

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.