XTX Topco Ltd Makes New Investment in American Superconductor Corporation (NASDAQ:AMSC)

Key Points

• XTX Topco Ltd invested $295,000 in American Superconductor Corporation by acquiring 16,269 shares during the first quarter.
• Several large investors, including Wellington Management Group and AQR Capital Management, have also increased their stakes in the company recently.
• American Superconductor reported earnings of $0.12 per share, surpassing estimates, with a year-over-year revenue growth of 58.6%.

XTX Topco Ltd purchased a new position in shares of American Superconductor Corporation (NASDAQ:AMSC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 16,269 shares of the technology company's stock, valued at approximately $295,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sowell Financial Services LLC boosted its holdings in shares of American Superconductor by 9.2% in the 1st quarter. Sowell Financial Services LLC now owns 16,459 shares of the technology company's stock valued at $299,000 after buying an additional 1,384 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of American Superconductor by 12.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 37,723 shares of the technology company's stock valued at $684,000 after buying an additional 4,259 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of American Superconductor by 104.8% in the 1st quarter. SG Americas Securities LLC now owns 15,839 shares of the technology company's stock valued at $287,000 after buying an additional 8,105 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of American Superconductor by 43.8% in the 4th quarter. Deutsche Bank AG now owns 32,913 shares of the technology company's stock valued at $811,000 after buying an additional 10,029 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of American Superconductor by 8.9% in the 4th quarter. Northern Trust Corp now owns 327,805 shares of the technology company's stock valued at $8,074,000 after buying an additional 26,819 shares in the last quarter. Institutional investors and hedge funds own 52.28% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of American Superconductor from a "hold" rating to a "buy" rating in a report on Tuesday, July 15th. Oppenheimer restated an "outperform" rating on shares of American Superconductor in a report on Thursday, July 31st.

American Superconductor Trading Down 1.9%

AMSC stock traded down $1.02 on Friday, hitting $51.15. The company's stock had a trading volume of 188,241 shares, compared to its average volume of 1,041,718. The firm has a 50 day moving average of $40.95 and a two-hundred day moving average of $29.07. American Superconductor Corporation has a 1 year low of $13.98 and a 1 year high of $58.42. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 131.46 and a beta of 2.95.

American Superconductor (NASDAQ:AMSC - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The technology company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. American Superconductor had a net margin of 6.00% and a return on equity of 9.35%. The firm had revenue of $66.66 million during the quarter, compared to the consensus estimate of $60.27 million. The business's revenue for the quarter was up 58.6% on a year-over-year basis. As a group, equities analysts forecast that American Superconductor Corporation will post 0.41 EPS for the current fiscal year.

Insider Activity at American Superconductor

In related news, Director Arthur H. House sold 9,703 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $50.92, for a total value of $494,076.76. Following the completion of the sale, the director owned 48,663 shares in the company, valued at $2,477,919.96. This represents a 16.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John W. Kosiba, Jr. sold 4,744 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $31.83, for a total transaction of $151,001.52. Following the transaction, the chief financial officer owned 409,532 shares of the company's stock, valued at approximately $13,035,403.56. The trade was a 1.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 295,639 shares of company stock worth $10,941,815 in the last 90 days. 4.80% of the stock is owned by insiders.

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.