Advisory Services Network LLC Grows Holdings in American Superconductor Co. (NASDAQ:AMSC)

Advisory Services Network LLC raised its holdings in American Superconductor Co. (NASDAQ:AMSC) by 24.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,560 shares of the technology company’s stock after purchasing an additional 3,304 shares during the period. Advisory Services Network LLC’s holdings in American Superconductor were worth $408,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in shares of American Superconductor during the fourth quarter worth about $65,000. Jones Financial Companies Lllp raised its stake in American Superconductor by 1,083.2% during the fourth quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company’s stock valued at $73,000 after buying an additional 2,708 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in American Superconductor by 8,670.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company’s stock worth $73,000 after buying an additional 2,948 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of American Superconductor in the 4th quarter worth approximately $170,000. Finally, Tradewinds LLC. bought a new stake in shares of American Superconductor in the 4th quarter valued at approximately $176,000. 52.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Oppenheimer lifted their price objective on shares of 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 Down 0.4 %

Shares of NASDAQ AMSC opened at $18.18 on Thursday. The stock has a market capitalization of $717.38 million, a P/E ratio of 259.75 and a beta of 2.58. The firm’s 50-day moving average price is $21.57 and its two-hundred day moving average price is $25.51. American Superconductor Co. has a 52-week low of $11.36 and a 52-week high of $38.02.

American Superconductor (NASDAQ:AMSC) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts expect that American Superconductor Co. will post 0.41 earnings per share for the current 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.