Wellington Management Group LLP Takes Position in American Superconductor Co. (NASDAQ:AMSC)

Wellington Management Group LLP bought a new position in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 461,230 shares of the technology company's stock, valued at approximately $11,360,000. Wellington Management Group LLP owned 1.17% of American Superconductor as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Gen Wealth Partners Inc acquired a new stake in American Superconductor in the 4th quarter worth about $58,000. SBI Securities Co. Ltd. purchased a new stake in shares of American Superconductor during the fourth quarter worth approximately $65,000. Jones Financial Companies Lllp lifted its holdings in American Superconductor by 1,083.2% in the 4th quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company's stock valued at $73,000 after purchasing an additional 2,708 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in American Superconductor by 8,670.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company's stock worth $73,000 after purchasing an additional 2,948 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of American Superconductor during the fourth quarter worth $170,000. 52.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Daniel P. Mcgahn sold 122,655 shares of American Superconductor stock in a transaction on Tuesday, May 27th. The stock was 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 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO John W. Kosiba, Jr. sold 50,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were 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 of the company's stock, valued at $10,936,886.40. This trade represents a 10.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.40% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer boosted their price objective on American Superconductor from $33.00 to $39.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th.

American Superconductor Stock Up 3.7%

NASDAQ:AMSC traded up $1.15 on Thursday, hitting $31.86. The stock had a trading volume of 1,395,284 shares, compared to its average volume of 1,115,041. The company has a fifty day moving average price of $21.42 and a two-hundred day moving average price of $24.80. American Superconductor Co. has a 1-year low of $13.98 and a 1-year high of $38.02. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 455.21 and a beta of 2.81.

American Superconductor (NASDAQ:AMSC - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The technology company reported $0.12 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 analysts' expectations of $60.27 million. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. American Superconductor's quarterly revenue was up 58.6% compared to the same quarter last year. As a group, analysts anticipate that American Superconductor Co. will post 0.41 earnings per share 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.