SBI Securities Co. Ltd. Invests $65,000 in American Superconductor Co. (NASDAQ:AMSC)

SBI Securities Co. Ltd. acquired a new position in American Superconductor Co. (NASDAQ:AMSC) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 2,645 shares of the technology company’s stock, valued at approximately $65,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in American Superconductor by 211.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 304,528 shares of the technology company’s stock valued at $7,187,000 after purchasing an additional 206,655 shares during the period. Centiva Capital LP bought a new stake in shares of American Superconductor in the third quarter valued at about $456,000. Main Management ETF Advisors LLC acquired a new stake in American Superconductor during the third quarter worth about $806,000. Lisanti Capital Growth LLC grew its position in American Superconductor by 110.2% during the third quarter. Lisanti Capital Growth LLC now owns 131,340 shares of the technology company’s stock worth $3,100,000 after buying an additional 68,845 shares in the last quarter. Finally, Franklin Resources Inc. bought a new position in American Superconductor during the third quarter valued at about $781,000. Institutional investors own 52.28% of the company’s stock.

American Superconductor Stock Performance

Shares of AMSC stock opened at $19.25 on Monday. The firm has a fifty day moving average of $26.88 and a 200-day moving average of $26.13. American Superconductor Co. has a 52-week low of $11.36 and a 52-week high of $38.02. The stock has a market cap of $759.61 million, a price-to-earnings ratio of 275.04 and a beta of 2.45.

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

Analyst Ratings Changes

Separately, Oppenheimer raised 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 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.