KP Management LLC Acquires Shares of 95,000 American Superconductor Co. (NASDAQ:AMSC)

KP Management LLC acquired a new stake in American Superconductor Co. (NASDAQ:AMSC - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 95,000 shares of the technology company's stock, valued at approximately $2,340,000. KP Management LLC owned approximately 0.24% of American Superconductor at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of AMSC. Franklin Resources Inc. purchased a new position in shares of American Superconductor during the 3rd quarter valued at $781,000. Barclays PLC grew its position in shares of American Superconductor by 376.2% during the 3rd quarter. Barclays PLC now owns 58,328 shares of the technology company's stock valued at $1,377,000 after purchasing an additional 46,080 shares in the last quarter. Campbell Newman Asset Management Inc. purchased a new position in shares of American Superconductor during the 4th quarter valued at $1,483,000. Geode Capital Management LLC grew its position in shares of American Superconductor by 4.5% during the 3rd quarter. Geode Capital Management LLC now owns 847,412 shares of the technology company's stock valued at $20,003,000 after purchasing an additional 36,511 shares in the last quarter. Finally, Range Financial Group LLC purchased a new position in shares of American Superconductor during the 4th quarter valued at $1,035,000. 52.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

American Superconductor Stock Down 1.8 %

NASDAQ:AMSC traded down $0.37 during midday trading on Wednesday, hitting $19.85. The company had a trading volume of 459,375 shares, compared to its average volume of 1,108,298. American Superconductor Co. has a 52-week low of $12.36 and a 52-week high of $38.02. The stock's fifty day moving average price is $19.38 and its 200-day moving average price is $25.30. The company has a market capitalization of $783.28 million, a PE ratio of 283.61 and a beta of 2.58.

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

About American Superconductor

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.