First Trust Advisors LP Raises Stock Holdings in American Superconductor Co. (NASDAQ:AMSC)

First Trust Advisors LP raised its position in American Superconductor Co. (NASDAQ:AMSC - Free Report) by 15.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 335,053 shares of the technology company's stock after buying an additional 43,808 shares during the quarter. First Trust Advisors LP owned about 0.85% of American Superconductor worth $8,252,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of AMSC. Geode Capital Management LLC grew its holdings in American Superconductor by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 856,455 shares of the technology company's stock worth $21,099,000 after acquiring an additional 9,043 shares during the period. Wellington Management Group LLP acquired a new position in shares of American Superconductor during the 4th quarter worth $11,360,000. Raymond James Financial Inc. purchased a new position in shares of American Superconductor in the 4th quarter valued at about $10,188,000. Legal & General Group Plc lifted its stake in shares of American Superconductor by 1.8% in the fourth quarter. Legal & General Group Plc now owns 347,549 shares of the technology company's stock valued at $8,560,000 after purchasing an additional 6,192 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of American Superconductor by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 317,869 shares of the technology company's stock valued at $7,829,000 after purchasing an additional 13,341 shares during the period. 52.28% of the stock is owned by institutional investors and hedge funds.

American Superconductor Price Performance

American Superconductor stock traded down $0.20 during trading hours on Monday, hitting $20.90. The stock had a trading volume of 53,277 shares, compared to its average volume of 1,108,846. American Superconductor Co. has a 1-year low of $13.07 and a 1-year high of $38.02. The stock has a market capitalization of $824.71 million, a price-to-earnings ratio of 296.09 and a beta of 2.58. The stock's fifty day moving average is $19.17 and its two-hundred day moving average is $25.22.

American Superconductor (NASDAQ:AMSC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.09 EPS for the quarter, beating 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, sell-side analysts anticipate that American Superconductor Co. will post 0.41 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer increased their target price on shares of American Superconductor from $33.00 to $39.00 and gave the company an "outperform" rating in a report 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.