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Prostatis Group LLC Takes $267,000 Position in American Superconductor Corporation $AMSC

American Superconductor logo with Computer and Technology background

Key Points

  • Prostatis Group LLC has acquired a new stake in American Superconductor Corporation, purchasing 7,273 shares valued at approximately $267,000 in the 2nd quarter.
  • Several institutional investors have significantly increased their stakes in AMSC, including GAMMA Investing LLC, which raised its position by 104.7%, now owning shares worth $35,000.
  • American Superconductor reported a 79.6% increase in quarterly revenue compared to the same quarter last year, with earnings per share of $0.18.
  • MarketBeat previews top five stocks to own in November.

Prostatis Group LLC acquired a new stake in shares of American Superconductor Corporation (NASDAQ:AMSC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 7,273 shares of the technology company's stock, valued at approximately $267,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMSC. GAMMA Investing LLC lifted its position in American Superconductor by 104.7% during the 2nd quarter. GAMMA Investing LLC now owns 954 shares of the technology company's stock worth $35,000 after acquiring an additional 488 shares during the period. Assenagon Asset Management S.A. purchased a new stake in American Superconductor during the 2nd quarter valued at about $228,000. CWM LLC grew its stake in American Superconductor by 49.5% during 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 last quarter. Diversified Trust Co purchased a new stake in American Superconductor during the 2nd quarter valued at about $316,000. Finally, KLP Kapitalforvaltning AS raised its position in American Superconductor by 36.2% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 9,400 shares of the technology company's stock worth $345,000 after buying an additional 2,500 shares during the last quarter. Hedge funds and other institutional investors own 52.28% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on AMSC. Oppenheimer restated an "outperform" rating on shares of American Superconductor in a research note on Thursday, July 31st. Weiss Ratings restated a "hold (c)" rating on shares of American Superconductor in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of American Superconductor from a "hold" rating to a "buy" rating in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $39.00.

View Our Latest Stock Report on AMSC

Insider Transactions at American Superconductor

In related news, Director Arthur H. House sold 9,703 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $50.92, for a total value of $494,076.76. Following the transaction, the director directly owned 48,663 shares of the company's stock, valued at approximately $2,477,919.96. This trade represents a 16.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Daniel P. Mcgahn sold 100,848 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $54.49, for a total transaction of $5,495,207.52. Following the completion of the transaction, the chief executive officer directly owned 1,183,134 shares in the company, valued at $64,468,971.66. This represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.80% of the company's stock.

American Superconductor Stock Down 5.9%

NASDAQ:AMSC opened at $56.24 on Monday. The stock has a market capitalization of $2.54 billion, a PE ratio of 144.21 and a beta of 3.00. American Superconductor Corporation has a 52 week low of $13.98 and a 52 week high of $65.70. The stock's 50-day moving average price is $54.94 and its 200-day moving average price is $37.98.

American Superconductor (NASDAQ:AMSC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.06. The firm had revenue of $72.36 million for the quarter, compared to analyst estimates of $64.97 million. American Superconductor had a net margin of 6.00% and a return on equity of 9.35%. American Superconductor's quarterly revenue was up 79.6% compared to the same quarter last year. American Superconductor has set its Q2 2025 guidance at 0.14- EPS. Sell-side analysts expect that American Superconductor Corporation will post 0.41 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for American Superconductor (NASDAQ:AMSC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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