Vanguard Group Inc. Trims Position in American Superconductor Co. (NASDAQ:AMSC)

Vanguard Group Inc. lowered its position in American Superconductor Co. (NASDAQ:AMSC - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,222,935 shares of the technology company's stock after selling 203,343 shares during the quarter. Vanguard Group Inc. owned about 5.63% of American Superconductor worth $54,751,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMSC. State Street Corp grew its stake in American Superconductor by 18.3% in the 3rd quarter. State Street Corp now owns 906,250 shares of the technology company's stock valued at $21,388,000 after buying an additional 140,106 shares in the last quarter. Geode Capital Management LLC increased its position in shares of American Superconductor by 4.5% during the third quarter. Geode Capital Management LLC now owns 847,412 shares of the technology company's stock valued at $20,003,000 after buying an additional 36,511 shares during the period. Raymond James Financial Inc. purchased a new position in American Superconductor during the fourth quarter valued at approximately $10,188,000. Charles Schwab Investment Management Inc. lifted its stake in American Superconductor by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 317,869 shares of the technology company's stock worth $7,829,000 after purchasing an additional 13,341 shares in the last quarter. Finally, Hillsdale Investment Management Inc. grew its position in shares of American Superconductor by 0.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 183,800 shares of the technology company's stock valued at $4,527,000 after purchasing an additional 1,150 shares in the last quarter. 52.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Oppenheimer upped their target price on American Superconductor from $33.00 to $39.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th.

American Superconductor Price Performance

AMSC stock traded down $0.27 during midday trading on Thursday, reaching $17.91. The company had a trading volume of 100,033 shares, compared to its average volume of 994,440. The firm has a 50-day moving average price of $21.57 and a 200-day moving average price of $25.51. The company has a market capitalization of $706.89 million, a P/E ratio of 255.85 and a beta of 2.58. American Superconductor Co. has a 1 year low of $11.36 and a 1 year high of $38.02.

American Superconductor (NASDAQ:AMSC - Get Free Report) last announced its 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 net margin of 1.64% and a return on equity of 8.95%. On average, equities analysts predict that American Superconductor Co. will post 0.41 EPS 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.