American Superconductor Co. (NASDAQ:AMSC) Shares Sold by Main Management ETF Advisors LLC

Main Management ETF Advisors LLC decreased its stake in American Superconductor Co. (NASDAQ:AMSC) by 8.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,328 shares of the technology company’s stock after selling 2,816 shares during the period. Main Management ETF Advisors LLC owned 0.08% of American Superconductor worth $772,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Gen Wealth Partners Inc acquired a new position in shares of American Superconductor during the fourth quarter valued at $58,000. SBI Securities Co. Ltd. bought a new stake in American Superconductor in the 4th quarter valued at about $65,000. Jones Financial Companies Lllp grew its position in American Superconductor by 1,083.2% in the 4th 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 last quarter. PNC Financial Services Group Inc. increased its stake in shares of American Superconductor by 8,670.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company’s stock valued at $73,000 after purchasing an additional 2,948 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of American Superconductor in the fourth quarter valued at approximately $170,000. Institutional investors and hedge funds own 52.28% of the company’s stock.

Analysts Set New Price Targets

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

American Superconductor Stock Up 3.4%

Shares of AMSC opened at $23.58 on Wednesday. American Superconductor Co. has a 52-week low of $13.74 and a 52-week high of $38.02. The firm has a market capitalization of $930.47 million, a PE ratio of 336.91 and a beta of 2.81. The firm has a 50-day moving average price of $19.26 and a 200 day moving average price of $25.12.

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.