Rhumbline Advisers Buys 606 Shares of American Superconductor Co. (NASDAQ:AMSC)

Rhumbline Advisers lifted its position in American Superconductor Co. (NASDAQ:AMSC) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,119 shares of the technology company’s stock after acquiring an additional 606 shares during the quarter. Rhumbline Advisers’ holdings in American Superconductor were worth $1,259,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Quest Partners LLC purchased a new position in American Superconductor during the third quarter worth about $88,000. Heck Capital Advisors LLC bought a new position in shares of American Superconductor during the 4th quarter worth approximately $279,000. PFG Investments LLC bought a new position in shares of American Superconductor during the 4th quarter worth approximately $280,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of American Superconductor in the 3rd quarter worth approximately $277,000. Finally, FMR LLC grew its holdings in shares of American Superconductor by 828.6% in the third quarter. FMR LLC now owns 14,690 shares of the technology company’s stock valued at $347,000 after acquiring an additional 13,108 shares in the last quarter. Hedge funds and other institutional investors own 52.28% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Oppenheimer lifted 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 Performance

AMSC opened at $19.99 on Thursday. American Superconductor Co. has a fifty-two week low of $11.36 and a fifty-two week high of $38.02. The firm has a 50-day moving average of $27.14 and a 200 day moving average of $26.12. The firm has a market cap of $788.81 million, a P/E ratio of 285.61 and a beta of 2.26.

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 research analysts predict that American Superconductor Co. will post 0.41 earnings per share 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.