Emerald Advisers LLC Takes Position in American Superconductor Co. (NASDAQ:AMSC)

Emerald Advisers LLC acquired a new stake in American Superconductor Co. (NASDAQ:AMSC) during the 4th quarter, Holdings Channel reports. The fund acquired 28,119 shares of the technology company’s stock, valued at approximately $693,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMSC. State Street Corp increased its stake in shares of American Superconductor by 18.3% in the third quarter. State Street Corp now owns 906,250 shares of the technology company’s stock valued at $21,388,000 after buying an additional 140,106 shares during the period. Geode Capital Management LLC increased 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 valued at $20,003,000 after buying an additional 36,511 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of American Superconductor during the fourth quarter worth approximately $10,188,000. Charles Schwab Investment Management Inc. increased 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 worth $7,829,000 after acquiring an additional 13,341 shares in the last quarter. Finally, Hillsdale Investment Management Inc. raised its stake in shares of American Superconductor by 0.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 183,800 shares of the technology company’s stock worth $4,527,000 after purchasing an additional 1,150 shares during the last quarter. 52.28% of the stock is owned by institutional investors.

American Superconductor Stock Down 1.1 %

Shares of American Superconductor stock opened at $19.84 on Monday. The firm has a market cap of $782.89 million, a PE ratio of 283.47 and a beta of 2.45. American Superconductor Co. has a 12-month low of $11.36 and a 12-month high of $38.02. The company’s fifty day simple moving average is $25.38 and its two-hundred day simple moving average is $26.08.

American Superconductor (NASDAQ:AMSC) last issued its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. As a group, sell-side analysts expect that American Superconductor Co. will post 0.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.