American Superconductor Co. (NASDAQ:AMSC) Shares Purchased by Legal & General Group Plc

Legal & General Group Plc lifted its holdings in shares of American Superconductor Co. (NASDAQ:AMSC) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 347,549 shares of the technology company’s stock after buying an additional 6,192 shares during the period. Legal & General Group Plc owned approximately 0.88% of American Superconductor worth $8,560,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in AMSC. SBI Securities Co. Ltd. bought a new position in American Superconductor during the 4th quarter valued at $65,000. Jones Financial Companies Lllp boosted its holdings in shares of American Superconductor by 1,083.2% during the fourth quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company’s stock worth $73,000 after purchasing an additional 2,708 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of American Superconductor by 8,670.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company’s stock valued at $73,000 after acquiring an additional 2,948 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in American Superconductor in the 4th quarter worth about $170,000. Finally, Tradewinds LLC. bought a new position in American Superconductor during the fourth quarter valued at approximately $176,000. Institutional investors and hedge funds own 52.28% of the company’s stock.

American Superconductor Stock Up 1.3 %

Shares of AMSC stock opened at $18.41 on Friday. American Superconductor Co. has a 12 month low of $11.36 and a 12 month high of $38.02. The stock has a 50 day moving average of $21.02 and a 200-day moving average of $25.46. The firm has a market cap of $726.46 million, a PE ratio of 263.04 and a beta of 2.58.

American Superconductor (NASDAQ:AMSC) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates 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, equities analysts predict that American Superconductor Co. will post 0.41 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Oppenheimer increased their price objective on American Superconductor from $33.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, February 7th.

American Superconductor Company 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.