Stephens Inc. AR Lowers Holdings in American Superconductor Co. (NASDAQ:AMSC)

Stephens Inc. AR trimmed its position in American Superconductor Co. (NASDAQ:AMSC) by 54.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,178 shares of the technology company’s stock after selling 29,189 shares during the period. Stephens Inc. AR owned approximately 0.07% of American Superconductor worth $571,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Amalgamated Bank purchased a new position in American Superconductor in the 2nd quarter valued at $28,000. nVerses Capital LLC acquired a new stake in American Superconductor in the second quarter valued at $42,000. CWM LLC acquired a new stake in American Superconductor in the third quarter valued at $57,000. Canada Pension Plan Investment Board acquired a new stake in American Superconductor in the second quarter valued at $96,000. Finally, Virtu Financial LLC acquired a new stake in American Superconductor in the first quarter valued at $152,000. 52.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

American Superconductor Stock Down 0.3 %

NASDAQ:AMSC opened at $28.62 on Thursday. The company has a market capitalization of $1.13 billion, a PE ratio of -572.29 and a beta of 2.14. American Superconductor Co. has a 52-week low of $7.37 and a 52-week high of $32.70. The stock has a fifty day simple moving average of $22.86 and a 200-day simple moving average of $21.45.

American Superconductor (NASDAQ:AMSC) last released its quarterly earnings results on Tuesday, August 6th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.09. The business had revenue of $40.29 million during the quarter, compared to the consensus estimate of $39.55 million. American Superconductor had a positive return on equity of 8.29% and a negative net margin of 0.49%. As a group, equities analysts anticipate that American Superconductor Co. will post 0.18 earnings per share for the current 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.