Tradewinds LLC. Makes New Investment in American Superconductor Co. (NASDAQ:AMSC)

Tradewinds LLC. bought a new position in shares of American Superconductor Co. (NASDAQ:AMSC) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 7,131 shares of the technology company’s stock, valued at approximately $176,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Management Group LLP acquired a new position in American Superconductor during the fourth quarter valued at approximately $11,360,000. Raymond James Financial Inc. bought a new position in shares of American Superconductor during the fourth quarter worth $10,188,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of American Superconductor in the 4th quarter valued at $7,310,000. Charles Schwab Investment Management Inc. increased its position in shares of American Superconductor by 211.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 304,528 shares of the technology company’s stock valued at $7,187,000 after buying an additional 206,655 shares in the last quarter. Finally, State Street Corp raised its stake in American Superconductor by 18.3% during the 3rd quarter. State Street Corp now owns 906,250 shares of the technology company’s stock worth $21,388,000 after buying an additional 140,106 shares during the period. 52.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

American Superconductor Stock Up 1.4 %

American Superconductor stock opened at $18.40 on Wednesday. American Superconductor Co. has a twelve month low of $11.36 and a twelve month high of $38.02. The company has a 50 day moving average of $24.29 and a 200-day moving average of $26.03. The stock has a market capitalization of $726.06 million, a PE ratio of 262.89 and a beta of 2.45.

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

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.