American Superconductor Co. (NASDAQ:AMSC) Shares Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of American Superconductor Co. (NASDAQ:AMSC) by 2.2% during the second quarter, Holdings Channel reports. The firm owned 39,146 shares of the technology company’s stock after buying an additional 828 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in American Superconductor were worth $916,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. AWM Investment Company Inc. raised its position in shares of American Superconductor by 19.4% during the 1st quarter. AWM Investment Company Inc. now owns 2,661,319 shares of the technology company’s stock worth $35,954,000 after purchasing an additional 433,018 shares during the period. Baillie Gifford & Co. raised its position in shares of American Superconductor by 21.1% during the 1st quarter. Baillie Gifford & Co. now owns 2,526,550 shares of the technology company’s stock worth $34,134,000 after purchasing an additional 440,271 shares during the period. Hood River Capital Management LLC raised its position in shares of American Superconductor by 7.2% during the 2nd quarter. Hood River Capital Management LLC now owns 1,735,014 shares of the technology company’s stock worth $40,582,000 after purchasing an additional 116,207 shares during the period. Vanguard Group Inc. raised its position in shares of American Superconductor by 30.5% during the 1st quarter. Vanguard Group Inc. now owns 1,698,934 shares of the technology company’s stock worth $22,953,000 after purchasing an additional 396,814 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in American Superconductor by 643.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,057,064 shares of the technology company’s stock valued at $24,725,000 after acquiring an additional 914,872 shares during the period. 52.28% of the stock is currently owned by institutional investors and hedge funds.

American Superconductor Price Performance

AMSC opened at $23.49 on Tuesday. The stock’s 50 day moving average price is $21.29 and its 200 day moving average price is $19.61. The stock has a market cap of $869.08 million, a P/E ratio of -60.23 and a beta of 2.14. American Superconductor Co. has a 12 month low of $5.78 and a 12 month high of $32.70.

American Superconductor (NASDAQ:AMSC) last issued its quarterly earnings results on Tuesday, August 6th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.09. The firm had revenue of $40.29 million during the quarter, compared to analyst estimates of $39.55 million. American Superconductor had a positive return on equity of 1.15% and a negative net margin of 5.29%. Equities analysts anticipate that American Superconductor Co. will post 0.17 EPS for the current year.

Analyst Ratings Changes

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

American Superconductor Profile

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. 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; and engineering planning services.