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

SG Americas Securities LLC grew its holdings in American Superconductor Corporation (NASDAQ:AMSC - Free Report) by 104.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,839 shares of the technology company's stock after purchasing 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 reporting period.

Several other institutional investors also recently modified their holdings of AMSC. Gen Wealth Partners Inc bought a new stake in American Superconductor in the fourth quarter valued at about $58,000. SBI Securities Co. Ltd. bought a new position in American Superconductor during the fourth quarter worth about $65,000. Jones Financial Companies Lllp grew its position in shares of American Superconductor by 1,083.2% during the 4th quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company's stock worth $73,000 after buying an additional 2,708 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of American Superconductor by 8,670.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company's stock valued at $73,000 after acquiring an additional 2,948 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of American Superconductor by 3,089.8% in the 1st quarter. GAMMA Investing LLC now owns 8,453 shares of the technology company's stock valued at $153,000 after acquiring an additional 8,188 shares during the period. Institutional investors and hedge funds own 52.28% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of American Superconductor from a "hold" rating to a "buy" rating in a report on Sunday.

American Superconductor Stock Up 0.7%

Shares of AMSC traded up $0.25 on Monday, hitting $36.69. The company's stock had a trading volume of 1,339,944 shares, compared to its average volume of 1,122,228. The firm's fifty day moving average price is $26.27 and its 200-day moving average price is $24.70. American Superconductor Corporation has a fifty-two week low of $13.98 and a fifty-two week high of $38.02. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 244.60 and a beta of 2.87.

American Superconductor (NASDAQ:AMSC - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The technology company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. American Superconductor had a net margin of 2.71% and a return on equity of 8.89%. The company 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. As a group, equities analysts predict that American Superconductor Corporation will post 0.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other American Superconductor news, CFO John W. Kosiba, Jr. sold 50,000 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $26.40, for a total transaction of $1,320,000.00. Following the completion of the transaction, the chief financial officer owned 414,276 shares in the company, valued at approximately $10,936,886.40. This represents a 10.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Daniel P. Mcgahn sold 122,655 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $26.39, for a total value of $3,236,865.45. Following the completion of the sale, the chief executive officer owned 1,304,486 shares in the company, valued at approximately $34,425,385.54. This trade represents a 8.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,088 shares of company stock valued at $4,952,531. Company insiders own 4.80% of the company's stock.

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.