PFG Investments LLC boosted its position in shares of American Superconductor Corporation (NASDAQ:AMSC - Free Report) by 66.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,900 shares of the technology company's stock after buying an additional 7,550 shares during the quarter. PFG Investments LLC's holdings in American Superconductor were worth $343,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also bought and sold shares of AMSC. Rhumbline Advisers lifted its position in shares of American Superconductor by 1.2% during the fourth quarter. Rhumbline Advisers now owns 51,119 shares of the technology company's stock worth $1,259,000 after purchasing an additional 606 shares during the last quarter. Truist Financial Corp bought a new stake in American Superconductor during the 4th quarter valued at about $251,000. Atria Wealth Solutions Inc. boosted its position in American Superconductor by 4.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 12,475 shares of the technology company's stock valued at $307,000 after buying an additional 500 shares during the period. New York State Common Retirement Fund grew its stake in American Superconductor by 3.8% in the 4th quarter. New York State Common Retirement Fund now owns 66,536 shares of the technology company's stock worth $1,639,000 after acquiring an additional 2,436 shares in the last quarter. Finally, Private Advisor Group LLC bought a new position in American Superconductor in the 4th quarter worth about $264,000. Institutional investors own 52.28% of the company's stock.
American Superconductor Stock Up 1.5%
Shares of AMSC stock traded up $0.51 on Wednesday, hitting $34.04. The stock had a trading volume of 916,604 shares, compared to its average volume of 1,138,482. The company has a market cap of $1.34 billion, a PE ratio of 226.93 and a beta of 2.87. The business has a 50 day moving average price of $25.23 and a 200 day moving average price of $24.55. American Superconductor Corporation has a one year low of $13.98 and a one year high of $38.02.
American Superconductor (NASDAQ:AMSC - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $60.27 million. American Superconductor had a net margin of 2.71% and a return on equity of 8.89%. The firm's quarterly revenue was up 58.6% on a year-over-year basis. Equities research analysts expect that American Superconductor Corporation will post 0.41 EPS for the current year.
Insider Transactions at American Superconductor
In other American Superconductor news, CFO John W. Kosiba, Jr. sold 4,744 shares of American Superconductor stock in a transaction dated 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 now owns 409,532 shares in the company, valued at $13,035,403.56. The trade was a 1.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Daniel P. Mcgahn sold 122,655 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $26.39, for a total transaction of $3,236,865.45. Following the sale, the chief executive officer now directly owns 1,304,486 shares of the company's stock, valued at approximately $34,425,385.54. The trade was a 8.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 185,088 shares of company stock valued at $4,952,531. Corporate insiders own 4.80% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded shares of American Superconductor from a "buy" rating to a "hold" rating in a research note on Saturday.
Read Our Latest Report on AMSC
About American Superconductor
(
Free Report)
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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