American Superconductor Corporation $AMSC Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC lowered its stake in shares of American Superconductor Corporation (NASDAQ:AMSC) by 30.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 40,687 shares of the technology company’s stock after selling 18,161 shares during the period. Legato Capital Management LLC’s holdings in American Superconductor were worth $1,171,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMSC. Vanguard Group Inc. raised its position in American Superconductor by 19.6% in the fourth quarter. Vanguard Group Inc. now owns 3,526,632 shares of the technology company’s stock valued at $101,496,000 after purchasing an additional 576,831 shares during the period. UBS Group AG raised its position in American Superconductor by 284.3% in the fourth quarter. UBS Group AG now owns 744,563 shares of the technology company’s stock valued at $21,429,000 after purchasing an additional 550,829 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of American Superconductor by 221.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 760,457 shares of the technology company’s stock valued at $45,164,000 after buying an additional 524,061 shares during the period. Atreides Management LP raised its holdings in shares of American Superconductor by 34.0% in the 2nd quarter. Atreides Management LP now owns 1,104,458 shares of the technology company’s stock valued at $40,523,000 after buying an additional 280,418 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of American Superconductor by 878.5% in the 1st quarter. Millennium Management LLC now owns 225,682 shares of the technology company’s stock valued at $4,094,000 after buying an additional 202,617 shares during the period. Hedge funds and other institutional investors own 52.28% of the company’s stock.

American Superconductor Price Performance

AMSC stock opened at $51.84 on Monday. The company has a current ratio of 2.66, a quick ratio of 1.80 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.47 billion, a PE ratio of 17.69 and a beta of 3.28. American Superconductor Corporation has a 12-month low of $24.00 and a 12-month high of $70.49. The business’s fifty day moving average price is $41.46 and its 200 day moving average price is $35.52.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Weiss Ratings upgraded American Superconductor from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Zacks Research downgraded American Superconductor from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, American Superconductor currently has a consensus rating of “Hold”.

American Superconductor Profile

American Superconductor Corporation (NASDAQ:AMSC) is a technology company specializing in power electronics and high-temperature superconductor systems. Founded in 1987 and headquartered in Devens, Massachusetts, AMSC develops hardware and software solutions aimed at improving the efficiency, reliability and stability of electric power systems and renewable energy infrastructure. The company’s engineering expertise spans from the lab scale to full commercial deployment, with a focus on tackling grid integration challenges for utilities and independent power producers.

AMSC’s portfolio includes superconducting wire and cryogenic systems, power grid stabilization devices, and turnkey wind turbine electronics.