Dorsey & Whitney Trust CO LLC Makes New $1.12 Million Investment in American Superconductor Co. (NASDAQ:AMSC)

Dorsey & Whitney Trust CO LLC purchased a new stake in shares of American Superconductor Co. (NASDAQ:AMSC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 45,300 shares of the technology company’s stock, valued at approximately $1,116,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp increased its position in American Superconductor by 18.3% during the third quarter. State Street Corp now owns 906,250 shares of the technology company’s stock worth $21,388,000 after acquiring an additional 140,106 shares during the period. Geode Capital Management LLC grew its position in American Superconductor by 4.5% in the 3rd quarter. Geode Capital Management LLC now owns 847,412 shares of the technology company’s stock worth $20,003,000 after purchasing an additional 36,511 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of American Superconductor during the 4th quarter worth about $10,188,000. Charles Schwab Investment Management Inc. raised its position in shares of American Superconductor by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 317,869 shares of the technology company’s stock valued at $7,829,000 after buying an additional 13,341 shares during the last quarter. Finally, Lisanti Capital Growth LLC lifted its stake in shares of American Superconductor by 110.2% in the third quarter. Lisanti Capital Growth LLC now owns 131,340 shares of the technology company’s stock valued at $3,100,000 after buying an additional 68,845 shares during the period. 52.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

American Superconductor Price Performance

AMSC opened at $19.25 on Monday. The company has a market capitalization of $759.61 million, a P/E ratio of 275.04 and a beta of 2.45. The firm’s fifty day moving average price is $26.88 and its two-hundred day moving average price is $26.13. American Superconductor Co. has a fifty-two week low of $11.36 and a fifty-two week high of $38.02.

American Superconductor (NASDAQ:AMSC) last issued its earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share for the quarter, beating 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 research analysts expect that American Superconductor Co. will post 0.41 EPS for the current fiscal year.

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.