Hood River Capital Management LLC Sells 195,794 Shares of American Superconductor Co. (NASDAQ:AMSC)

Hood River Capital Management LLC lessened its holdings in American Superconductor Co. (NASDAQ:AMSC - Free Report) by 13.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,236,146 shares of the technology company's stock after selling 195,794 shares during the quarter. Hood River Capital Management LLC owned approximately 3.13% of American Superconductor worth $30,446,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. bought a new position in shares of American Superconductor in the 3rd quarter worth $781,000. Barclays PLC boosted its holdings in American Superconductor by 376.2% during the third quarter. Barclays PLC now owns 58,328 shares of the technology company's stock worth $1,377,000 after buying an additional 46,080 shares during the last quarter. Campbell Newman Asset Management Inc. bought a new stake in shares of American Superconductor in the 4th quarter valued at about $1,483,000. Geode Capital Management LLC raised its position in shares of American Superconductor by 4.5% in the 3rd quarter. Geode Capital Management LLC now owns 847,412 shares of the technology company's stock valued at $20,003,000 after acquiring an additional 36,511 shares during the period. Finally, State Street Corp boosted its stake in American Superconductor by 18.3% during the 3rd quarter. State Street Corp now owns 906,250 shares of the technology company's stock worth $21,388,000 after acquiring an additional 140,106 shares during the last quarter. Institutional investors and hedge funds own 52.28% of the company's stock.

American Superconductor Trading Down 2.6 %

Shares of NASDAQ:AMSC traded down $0.53 during trading on Monday, hitting $19.76. 141,547 shares of the company's stock traded hands, compared to its average volume of 1,106,727. The company has a 50-day moving average price of $19.78 and a 200-day moving average price of $25.36. American Superconductor Co. has a 52 week low of $12.14 and a 52 week high of $38.02. The company has a market cap of $779.73 million, a price-to-earnings ratio of 282.04 and a beta of 2.58.

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, 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%. On average, analysts predict that American Superconductor Co. will post 0.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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