Stifel Financial Corp Makes New $396,000 Investment in American Superconductor Co. (NASDAQ:AMSC)

Stifel Financial Corp bought a new stake in American Superconductor Co. (NASDAQ:AMSC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,073 shares of the technology company's stock, valued at approximately $396,000.

Several other large investors have also recently bought and sold shares of AMSC. Franklin Resources Inc. bought a new position in shares of American Superconductor during the third quarter worth about $781,000. Campbell Newman Asset Management Inc. bought a new position in shares of American Superconductor during the fourth quarter worth about $1,483,000. PFG Investments LLC bought a new position in shares of American Superconductor during the fourth quarter worth about $280,000. KBC Group NV bought a new position in shares of American Superconductor during the fourth quarter worth about $2,492,000. Finally, Heck Capital Advisors LLC bought a new position in shares of American Superconductor during the fourth quarter worth about $279,000. 52.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer raised their price objective on 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 Trading Up 3.1%

AMSC stock traded up $0.74 during mid-day trading on Monday, reaching $24.76. The company's stock had a trading volume of 737,269 shares, compared to its average volume of 1,117,088. The company has a market cap of $977.03 million, a price-to-earnings ratio of 353.76 and a beta of 2.81. The business's 50 day moving average price is $19.69 and its 200 day moving average price is $25.10. American Superconductor Co. has a 12 month low of $13.74 and a 12 month high of $38.02.

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.