Swiss National Bank Raises Position in American Superconductor Co. (NASDAQ:AMSC)

Swiss National Bank raised its stake in shares of American Superconductor Co. (NASDAQ:AMSC) by 4.3% in the 4th quarter, HoldingsChannel reports. The firm owned 75,300 shares of the technology company’s stock after purchasing an additional 3,100 shares during the period. Swiss National Bank’s holdings in American Superconductor were worth $1,855,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMSC. Raymond James Financial Inc. bought a new position in shares of American Superconductor during the fourth quarter valued at about $10,188,000. Charles Schwab Investment Management Inc. raised its position in shares of 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 worth $7,187,000 after purchasing an additional 206,655 shares during the last quarter. State Street Corp lifted 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 worth $21,388,000 after buying an additional 140,106 shares in the last quarter. KBC Group NV bought a new position in American Superconductor in the 4th quarter valued at approximately $2,492,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of American Superconductor during the third quarter valued at $1,424,000. 52.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

American Superconductor Stock Down 3.2 %

AMSC stock opened at $18.78 on Friday. American Superconductor Co. has a 52 week low of $11.36 and a 52 week high of $38.02. The company has a fifty day simple moving average of $24.69 and a two-hundred day simple moving average of $26.02. The firm has a market capitalization of $741.06 million, a P/E ratio of 268.32 and a beta of 2.45.

American Superconductor (NASDAQ:AMSC) last released its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share for the quarter, beating 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, analysts anticipate that American Superconductor Co. will post 0.41 EPS 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.