Range Financial Group LLC Takes $1.04 Million Position in American Superconductor Co. (NASDAQ:AMSC)

Range Financial Group LLC acquired a new position in American Superconductor Co. (NASDAQ:AMSC) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 42,018 shares of the technology company’s stock, valued at approximately $1,035,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMSC. Amalgamated Bank acquired a new stake in shares of American Superconductor in the 2nd quarter worth approximately $28,000. CWM LLC bought a new stake in American Superconductor during the third quarter worth approximately $57,000. Quest Partners LLC acquired a new stake in American Superconductor in the third quarter worth approximately $88,000. Canada Pension Plan Investment Board bought a new position in American Superconductor during the 2nd quarter valued at $96,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of American Superconductor in the 3rd quarter worth $277,000. Institutional investors own 52.28% of the company’s stock.

American Superconductor Stock Performance

AMSC traded down $0.59 during trading on Tuesday, reaching $28.55. The company had a trading volume of 1,002,014 shares, compared to its average volume of 1,158,025. The firm’s 50-day simple moving average is $29.27 and its 200 day simple moving average is $25.32. The company has a market cap of $1.13 billion, a price-to-earnings ratio of -570.89 and a beta of 2.28. American Superconductor Co. has a 12-month low of $9.37 and a 12-month high of $38.02.

Analyst Upgrades and Downgrades

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

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.