SG Americas Securities LLC Has $287,000 Stock Position in American Superconductor Corporation (NASDAQ:AMSC)

SG Americas Securities LLC boosted its holdings in shares of American Superconductor Corporation (NASDAQ:AMSC - Free Report) by 104.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,839 shares of the technology company's stock after acquiring an additional 8,105 shares during the quarter. SG Americas Securities LLC's holdings in American Superconductor were worth $287,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Arizona State Retirement System lifted its position in shares of American Superconductor by 4.1% in 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 in the last quarter. Atria Wealth Solutions Inc. boosted its stake in shares of American Superconductor by 4.2% during 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. Rhumbline Advisers boosted its stake in shares of American Superconductor by 1.2% during the 4th quarter. Rhumbline Advisers now owns 51,119 shares of the technology company's stock valued at $1,259,000 after buying an additional 606 shares during the period. California State Teachers Retirement System grew its holdings in shares of American Superconductor by 2.0% during the 4th quarter. California State Teachers Retirement System now owns 35,559 shares of the technology company's stock valued at $876,000 after acquiring an additional 709 shares in the last quarter. Finally, Hillsdale Investment Management Inc. grew its holdings in shares of American Superconductor by 0.6% during the 4th 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 in the last quarter. 52.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Daniel P. Mcgahn sold 7,689 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $31.82, for a total value of $244,663.98. Following the transaction, the chief executive officer now directly owns 1,296,797 shares of the company's stock, valued at approximately $41,264,080.54. This trade represents a 0.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John W. Kosiba, Jr. sold 4,744 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $31.83, for a total value of $151,001.52. Following the sale, the chief financial officer now directly owns 409,532 shares of the company's stock, valued at $13,035,403.56. The trade was a 1.15% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 185,088 shares of company stock worth $4,952,531. Corporate insiders own 4.80% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered American Superconductor from a "buy" rating to a "hold" rating in a report on Saturday, June 21st.

American Superconductor Stock Performance

Shares of NASDAQ AMSC opened at $36.68 on Friday. The business has a 50 day simple moving average of $25.91 and a 200 day simple moving average of $24.67. American Superconductor Corporation has a 52 week low of $13.98 and a 52 week high of $38.02. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 244.53 and a beta of 2.87.

American Superconductor (NASDAQ:AMSC - Get Free Report) last posted its earnings results 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. American Superconductor had a net margin of 2.71% and a return on equity of 8.89%. The firm had revenue of $66.66 million during the quarter, compared to analysts' expectations of $60.27 million. The firm's revenue for the quarter was up 58.6% compared to the same quarter last year. On average, analysts predict that American Superconductor Corporation will post 0.41 EPS 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.

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