XTX Topco Ltd bought a new stake in shares of American Superconductor Corporation (NASDAQ:AMSC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 16,269 shares of the technology company's stock, valued at approximately $295,000.
A number of other large investors also recently modified their holdings of AMSC. Wellington Management Group LLP purchased a new position in shares of American Superconductor during the 4th quarter valued at $11,360,000. Balyasny Asset Management L.P. purchased a new position in shares of American Superconductor during the 4th quarter valued at $5,886,000. AQR Capital Management LLC lifted its stake in shares of American Superconductor by 143.5% during the 4th quarter. AQR Capital Management LLC now owns 256,230 shares of the technology company's stock valued at $6,311,000 after buying an additional 151,015 shares in the last quarter. Driehaus Capital Management LLC lifted its stake in shares of American Superconductor by 18.0% during the 4th quarter. Driehaus Capital Management LLC now owns 942,698 shares of the technology company's stock valued at $23,219,000 after buying an additional 143,936 shares in the last quarter. Finally, KP Management LLC purchased a new position in shares of American Superconductor during the 4th quarter valued at $2,340,000. Hedge funds and other institutional investors own 52.28% of the company's stock.
Insider Transactions at American Superconductor
In other news, Director Arthur H. House sold 9,703 shares of the business'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 sale, the director directly owned 48,663 shares in the company, valued at $2,477,919.96. The trade was a 16.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO John W. Kosiba, Jr. sold 4,744 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $31.83, for a total transaction of $151,001.52. Following the completion of the sale, the chief financial officer owned 409,532 shares in the company, valued at approximately $13,035,403.56. This trade represents a 1.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 295,639 shares of company stock worth $10,941,815 in the last three months. Insiders own 4.80% of the company's stock.
American Superconductor Stock Performance
Shares of NASDAQ AMSC opened at $50.99 on Monday. The company has a market cap of $2.30 billion, a P/E ratio of 130.75 and a beta of 2.95. The firm's fifty day moving average is $39.10 and its two-hundred day moving average is $28.36. American Superconductor Corporation has a 52-week low of $13.98 and a 52-week high of $58.42.
American Superconductor (NASDAQ:AMSC - Get Free Report) last announced its quarterly 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. The company had revenue of $66.66 million for the quarter, compared to the consensus estimate of $60.27 million. American Superconductor had a net margin of 6.00% and a return on equity of 9.35%. The firm's quarterly revenue was up 58.6% on a year-over-year basis. As a group, analysts forecast that American Superconductor Corporation will post 0.41 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of research firms recently weighed in on AMSC. Oppenheimer restated an "outperform" rating on shares of American Superconductor in a research note on Thursday, July 31st. Wall Street Zen upgraded shares of American Superconductor from a "hold" rating to a "buy" rating in a report on Tuesday, July 15th.
Read Our Latest Report on American Superconductor
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.
Further Reading
Want to see what other hedge funds are holding AMSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Superconductor Corporation (NASDAQ:AMSC - Free Report).

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