Los Angeles Capital Management LLC Invests $485,000 in American Superconductor Co. (NASDAQ:AMSC)

Los Angeles Capital Management LLC acquired a new stake in American Superconductor Co. (NASDAQ:AMSC) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 20,569 shares of the technology company’s stock, valued at approximately $485,000.

Several other hedge funds have also added to or reduced their stakes in AMSC. Amalgamated Bank bought a new position in shares of American Superconductor during the second quarter valued at $28,000. nVerses Capital LLC bought a new position in American Superconductor during the 2nd quarter worth $42,000. CWM LLC bought a new position in American Superconductor during the 3rd quarter worth $57,000. Canada Pension Plan Investment Board acquired a new position in American Superconductor during the 2nd quarter worth about $96,000. Finally, Virtu Financial LLC bought a new stake in shares of American Superconductor in the 1st quarter valued at about $152,000. 52.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on AMSC shares. Roth Mkm reiterated a “buy” rating and issued a $29.00 target price on shares of American Superconductor in a report on Monday, September 30th. Craig Hallum reiterated a “buy” rating and set a $33.00 price objective on shares of American Superconductor in a research report on Tuesday, September 10th.

American Superconductor Stock Performance

Shares of AMSC stock opened at $30.08 on Friday. American Superconductor Co. has a fifty-two week low of $8.56 and a fifty-two week high of $38.02. The stock has a 50 day simple moving average of $24.84 and a two-hundred day simple moving average of $22.42. The company has a market cap of $1.19 billion, a P/E ratio of -601.60 and a beta of 2.14.

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.