Palisades Investment Partners LLC Has $3.51 Million Stock Position in American Superconductor Co. (NASDAQ:AMSC)

Palisades Investment Partners LLC increased its holdings in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) by 9.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 142,415 shares of the technology company's stock after purchasing an additional 12,317 shares during the period. American Superconductor accounts for approximately 1.5% of Palisades Investment Partners LLC's holdings, making the stock its 24th largest position. Palisades Investment Partners LLC owned about 0.36% of American Superconductor worth $3,507,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Driehaus Capital Management LLC boosted its stake in shares of American Superconductor by 18.0% during the 4th quarter. Driehaus Capital Management LLC now owns 942,698 shares of the technology company's stock worth $23,219,000 after acquiring an additional 143,936 shares during the period. Geode Capital Management LLC lifted its holdings in American Superconductor by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 856,455 shares of the technology company's stock valued at $21,099,000 after purchasing an additional 9,043 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in American Superconductor by 7.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 654,299 shares of the technology company's stock worth $16,117,000 after purchasing an additional 46,354 shares during the period. Wellington Management Group LLP bought a new position in American Superconductor during the fourth quarter worth $11,360,000. Finally, Raymond James Financial Inc. acquired a new position in shares of American Superconductor in the fourth quarter valued at $10,188,000. Institutional investors and hedge funds own 52.28% of the company's stock.

American Superconductor Trading Down 2.0%

American Superconductor stock opened at $24.19 on Thursday. The company has a market capitalization of $954.54 million, a price-to-earnings ratio of 345.62 and a beta of 2.81. American Superconductor Co. has a 12 month low of $13.98 and a 12 month high of $38.02. The stock's 50 day moving average is $19.89 and its 200-day moving average is $25.09.

American Superconductor (NASDAQ:AMSC - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $60.27 million. The firm's quarterly revenue was up 58.6% on a year-over-year basis. As a group, equities research analysts predict that American Superconductor Co. will post 0.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.

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