American Superconductor Co. (NASDAQ:AMSC) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC reduced its position in shares of American Superconductor Co. (NASDAQ:AMSC) by 0.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 147,192 shares of the technology company’s stock after selling 1,096 shares during the period. Rice Hall James & Associates LLC owned approximately 0.40% of American Superconductor worth $3,474,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AMSC. Amalgamated Bank purchased a new position in shares of American Superconductor during the 2nd quarter worth approximately $28,000. nVerses Capital LLC purchased a new position in American Superconductor in the second quarter worth $42,000. CWM LLC purchased a new position in American Superconductor in the third quarter worth $57,000. Canada Pension Plan Investment Board acquired a new stake in American Superconductor in the second quarter valued at $96,000. Finally, Virtu Financial LLC purchased a new stake in shares of American Superconductor during the 1st quarter worth $152,000. Institutional investors and hedge funds own 52.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMSC. Craig Hallum reiterated a “buy” rating and issued a $33.00 price target on shares of American Superconductor in a report on Tuesday, September 10th. Roth Mkm reaffirmed a “buy” rating and issued a $29.00 target price on shares of American Superconductor in a report on Monday, September 30th.

American Superconductor Stock Up 16.4 %

Shares of AMSC stock opened at $28.54 on Friday. American Superconductor Co. has a fifty-two week low of $6.73 and a fifty-two week high of $32.70. The business has a fifty day simple moving average of $22.39 and a 200-day simple moving average of $21.04. The stock has a market cap of $1.13 billion, a P/E ratio of -570.69 and a beta of 2.14.

American Superconductor (NASDAQ:AMSC) last posted its earnings results on Tuesday, August 6th. The technology company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.09. American Superconductor had a negative net margin of 0.49% and a positive return on equity of 9.38%. The firm had revenue of $40.29 million during the quarter, compared to the consensus estimate of $39.55 million. On average, sell-side analysts anticipate that American Superconductor Co. will post 0.18 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.