Free Trial

XTX Topco Ltd Invests $295,000 in American Superconductor Corporation (NASDAQ:AMSC)

American Superconductor logo with Computer and Technology background

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%.
  • Need better tools to track American Superconductor? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

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).

Institutional Ownership by Quarter for American Superconductor (NASDAQ:AMSC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in American Superconductor Right Now?

Before you consider American Superconductor, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Superconductor wasn't on the list.

While American Superconductor currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Growth Stocks That Could Pop Before Summer Ends
3 Buy-the-Dip Stocks Poised to Rebound Soon
Quantum Boom: 3 Strong Picks with Lower Risk

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines