KP Management LLC Acquires New Stake in American Superconductor Co. (NASDAQ:AMSC)

KP Management LLC acquired a new position in American Superconductor Co. (NASDAQ:AMSC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 95,000 shares of the technology company's stock, valued at approximately $2,340,000. KP Management LLC owned about 0.24% of American Superconductor as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMSC. Geode Capital Management LLC raised its stake in shares of American Superconductor by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 856,455 shares of the technology company's stock valued at $21,099,000 after buying an additional 9,043 shares during the last quarter. Dimensional Fund Advisors LP raised its position in American Superconductor by 7.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 654,299 shares of the technology company's stock valued at $16,117,000 after acquiring an additional 46,354 shares in the last quarter. Wellington Management Group LLP acquired a new position in American Superconductor in the fourth quarter valued at approximately $11,360,000. Raymond James Financial Inc. purchased a new stake in American Superconductor in the 4th quarter worth approximately $10,188,000. Finally, Legal & General Group Plc grew its stake in shares of American Superconductor by 1.8% during the 4th quarter. Legal & General Group Plc now owns 347,549 shares of the technology company's stock worth $8,560,000 after purchasing an additional 6,192 shares during the period. Institutional investors and hedge funds own 52.28% of the company's stock.

American Superconductor Stock Up 5.2 %

Shares of AMSC stock traded up $1.06 during trading hours on Friday, hitting $21.35. 329,487 shares of the company's stock were exchanged, compared to its average volume of 1,105,818. American Superconductor Co. has a fifty-two week low of $12.57 and a fifty-two week high of $38.02. The firm has a market cap of $842.47 million, a P/E ratio of 304.69 and a beta of 2.58. The firm has a 50 day moving average of $19.19 and a two-hundred day moving average of $25.24.

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

Wall Street Analyst Weigh In

Separately, Oppenheimer upped their price objective 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.