Invesco Ltd. Decreases Stock Position in American Superconductor Co. (NASDAQ:AMSC)

Invesco Ltd. lowered its position in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) by 63.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 197,783 shares of the technology company's stock after selling 340,616 shares during the period. Invesco Ltd. owned about 0.50% of American Superconductor worth $4,871,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AMSC. Wells Fargo & Company MN lifted its stake in shares of American Superconductor by 68.2% in the 4th quarter. Wells Fargo & Company MN now owns 34,267 shares of the technology company's stock valued at $844,000 after acquiring an additional 13,899 shares during the last quarter. Geode Capital Management LLC lifted its position in American Superconductor by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 856,455 shares of the technology company's stock valued at $21,099,000 after purchasing an additional 9,043 shares during the last quarter. Tradewinds LLC. purchased a new stake in shares of American Superconductor during the fourth quarter valued at approximately $176,000. National Bank of Canada FI grew its holdings in shares of American Superconductor by 25.0% in the fourth quarter. National Bank of Canada FI now owns 7,434 shares of the technology company's stock worth $183,000 after purchasing an additional 1,485 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of American Superconductor during the fourth quarter valued at about $11,360,000. 52.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Oppenheimer lifted their target price on shares of American Superconductor from $33.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday, February 7th.

American Superconductor Stock Performance

Shares of AMSC traded up $0.86 on Thursday, reaching $20.71. The stock had a trading volume of 83,613 shares, compared to its average volume of 1,104,319. American Superconductor Co. has a 12-month low of $12.36 and a 12-month high of $38.02. The firm has a market capitalization of $817.22 million, a price-to-earnings ratio of 296.19 and a beta of 2.58. The company has a 50-day simple moving average of $19.27 and a 200-day simple moving average of $25.26.

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, beating the consensus estimate of $0.07 by $0.02. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. On average, analysts expect that American Superconductor Co. will post 0.41 EPS for the current fiscal year.

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.