American Superconductor Co. (NASDAQ:AMSC) Holdings Decreased by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC trimmed its holdings in American Superconductor Co. (NASDAQ:AMSC - Free Report) by 11.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 624,018 shares of the technology company's stock after selling 76,815 shares during the quarter. American Superconductor comprises about 1.4% of Essex Investment Management Co. LLC's investment portfolio, making the stock its 10th biggest holding. Essex Investment Management Co. LLC owned about 2.03% of American Superconductor worth $6,952,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Baillie Gifford & Co. increased its holdings in shares of American Superconductor by 39.9% during the fourth quarter. Baillie Gifford & Co. now owns 2,086,279 shares of the technology company's stock valued at $23,241,000 after acquiring an additional 594,909 shares in the last quarter. Invesco Ltd. raised its holdings in American Superconductor by 58.9% in the third quarter. Invesco Ltd. now owns 873,006 shares of the technology company's stock worth $6,591,000 after buying an additional 323,472 shares during the last quarter. Trexquant Investment LP bought a new position in shares of American Superconductor in the third quarter worth approximately $1,290,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of American Superconductor by 172.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 122,120 shares of the technology company's stock valued at $922,000 after buying an additional 77,303 shares during the last quarter. Finally, Jump Financial LLC increased its position in shares of American Superconductor by 196.0% during the third quarter. Jump Financial LLC now owns 85,300 shares of the technology company's stock valued at $644,000 after acquiring an additional 56,479 shares in the last quarter. Institutional investors own 52.28% of the company's stock.

Analyst Ratings Changes

Separately, Roth Mkm upped their price objective on American Superconductor from $10.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, January 26th.

American Superconductor Price Performance

NASDAQ AMSC traded down $0.29 during trading hours on Friday, hitting $13.52. The company's stock had a trading volume of 272,844 shares, compared to its average volume of 279,297. American Superconductor Co. has a 12 month low of $3.92 and a 12 month high of $17.37. The company's 50 day simple moving average is $13.11 and its two-hundred day simple moving average is $11.39. The company has a market cap of $415.60 million, a P/E ratio of -22.91 and a beta of 1.97.

American Superconductor Profile

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. 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; and engineering planning services.

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