12,447 Shares in American Superconductor Co. (NASDAQ:AMSC) Purchased by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. bought a new position in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,447 shares of the technology company's stock, valued at approximately $314,000.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC increased its holdings in shares of 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of American Superconductor by 7.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 654,299 shares of the technology company's stock worth $16,117,000 after acquiring an additional 46,354 shares in the last quarter. Wellington Management Group LLP bought a new position in American Superconductor in the fourth quarter valued at approximately $11,360,000. Raymond James Financial Inc. acquired a new position in American Superconductor in the 4th quarter worth $10,188,000. Finally, Legal & General Group Plc grew its holdings in shares of American Superconductor by 1.8% during the fourth quarter. Legal & General Group Plc now owns 347,549 shares of the technology company's stock worth $8,560,000 after buying an additional 6,192 shares in the last quarter. 52.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Oppenheimer boosted 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 Stock Performance

American Superconductor stock traded down $0.15 during midday trading on Wednesday, reaching $20.70. 93,830 shares of the company's stock were exchanged, compared to its average volume of 1,104,982. American Superconductor Co. has a 52 week low of $13.07 and a 52 week high of $38.02. The stock's 50-day simple moving average is $19.08 and its 200 day simple moving average is $25.16. The firm has a market cap of $816.70 million, a price-to-earnings ratio of 294.97 and a beta of 2.81.

American Superconductor (NASDAQ:AMSC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.09 earnings per share (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%. Research analysts forecast that American Superconductor Co. will post 0.41 earnings per share for the current year.

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.