Itau Unibanco Holding S.A. acquired a new stake in American Superconductor Co. (NASDAQ:AMSC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,447 shares of the technology company's stock, valued at approximately $314,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Resources Inc. acquired a new position in shares of American Superconductor in the 3rd quarter valued at approximately $781,000. Barclays PLC raised its stake 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 acquiring an additional 46,080 shares in the last quarter. Campbell Newman Asset Management Inc. bought a new position in shares of American Superconductor in the fourth quarter worth about $1,483,000. Range Financial Group LLC bought a new stake in shares of American Superconductor during the 4th quarter valued at approximately $1,035,000. Finally, Heck Capital Advisors LLC acquired a new stake in American Superconductor in the fourth quarter valued at approximately $279,000. Institutional investors and hedge funds own 52.28% of the company's stock.
American Superconductor Price Performance
Shares of AMSC traded up $0.81 during trading hours on Friday, hitting $21.10. 505,895 shares of the stock were exchanged, compared to its average volume of 1,113,055. The firm has a market capitalization of $832.61 million, a P/E ratio of 301.47 and a beta of 2.58. American Superconductor Co. has a fifty-two week low of $13.07 and a fifty-two week high of $38.02. The business has a 50-day moving average of $19.17 and a 200-day moving average of $25.22.
American Superconductor (NASDAQ:AMSC - Get Free Report) last released its earnings results on Wednesday, February 5th. The technology company reported $0.09 EPS for the quarter, topping 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%. As a group, analysts forecast that American Superconductor Co. will post 0.41 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, Oppenheimer lifted their price target on American Superconductor from $33.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday, February 7th.
View Our Latest Analysis on AMSC
American Superconductor Company Profile
(
Free Report)
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.
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