UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Holdings in American Superconductor Co. (NASDAQ:AMSC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in American Superconductor Co. (NASDAQ:AMSC - Free Report) by 21.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,274 shares of the technology company's stock after acquiring an additional 12,942 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.19% of American Superconductor worth $1,805,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Gen Wealth Partners Inc bought a new stake in American Superconductor during the fourth quarter valued at $58,000. SBI Securities Co. Ltd. bought a new stake in American Superconductor during the fourth quarter valued at $65,000. Jones Financial Companies Lllp boosted its stake in American Superconductor by 1,083.2% during the fourth quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company's stock valued at $73,000 after buying an additional 2,708 shares during the period. PNC Financial Services Group Inc. boosted its stake in American Superconductor by 8,670.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company's stock valued at $73,000 after buying an additional 2,948 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in American Superconductor during the fourth quarter valued at $170,000. Institutional investors own 52.28% of the company's stock.

Insiders Place Their Bets

In other news, CFO John W. Kosiba, Jr. sold 50,000 shares of American Superconductor stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $26.40, for a total value of $1,320,000.00. Following the transaction, the chief financial officer now owns 414,276 shares in the company, valued at approximately $10,936,886.40. The trade was a 10.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Daniel P. Mcgahn sold 122,655 shares of American Superconductor stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 1,304,486 shares in the company, 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. Insiders sold a total of 185,088 shares of company stock valued at $4,952,531 over the last 90 days. Insiders own 4.40% of the company's stock.

American Superconductor Stock Down 13.9%

NASDAQ:AMSC traded down $4.78 during trading hours on Wednesday, hitting $29.67. 6,544,972 shares of the company's stock traded hands, compared to its average volume of 1,141,681. The business's fifty day simple moving average is $22.87 and its two-hundred day simple moving average is $24.80. American Superconductor Co. has a 52 week low of $13.98 and a 52 week high of $38.02. The firm has a market cap of $1.17 billion, a P/E ratio of 423.92 and a beta of 2.87.

American Superconductor (NASDAQ:AMSC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $60.27 million. The business's revenue for the quarter was up 58.6% on a year-over-year basis. On average, analysts expect that American Superconductor Co. will post 0.41 EPS for the current year.

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.