First Trust Advisors LP Buys 43,808 Shares of American Superconductor Co. (NASDAQ:AMSC)

First Trust Advisors LP boosted its position in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) by 15.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 335,053 shares of the technology company's stock after purchasing an additional 43,808 shares during the quarter. First Trust Advisors LP owned 0.85% of American Superconductor worth $8,252,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of American Superconductor by 376.2% during the 3rd quarter. Barclays PLC now owns 58,328 shares of the technology company's stock valued at $1,377,000 after purchasing an additional 46,080 shares in the last quarter. Franklin Resources Inc. acquired a new stake in American Superconductor during the 3rd quarter worth approximately $781,000. Range Financial Group LLC bought a new position in American Superconductor in the fourth quarter valued at approximately $1,035,000. Campbell Newman Asset Management Inc. acquired a new position in shares of American Superconductor in the fourth quarter valued at approximately $1,483,000. Finally, PFG Investments LLC bought a new stake in shares of American Superconductor during the fourth quarter worth $280,000. Institutional investors own 52.28% of the company's stock.

American Superconductor Stock Performance

NASDAQ AMSC traded up $0.81 during trading on Friday, hitting $21.10. The stock had a trading volume of 505,895 shares, compared to its average volume of 1,109,601. American Superconductor Co. has a 12 month low of $13.07 and a 12 month high of $38.02. The company's 50-day moving average price is $19.17 and its two-hundred day moving average price is $25.22. The company has a market capitalization of $832.61 million, a PE ratio of 301.47 and a beta of 2.58.

American Superconductor (NASDAQ:AMSC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.02. American Superconductor had a net margin of 1.64% and a return on equity of 8.95%. As a group, equities analysts anticipate that American Superconductor Co. will post 0.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Oppenheimer upped their target price on shares of 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 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.