Stephens Investment Management Group LLC Boosts Stake in American Superconductor Corporation $AMSC

Stephens Investment Management Group LLC raised its holdings in shares of American Superconductor Corporation (NASDAQ:AMSC) by 156.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 174,228 shares of the technology company’s stock after buying an additional 106,317 shares during the quarter. Stephens Investment Management Group LLC’s holdings in American Superconductor were worth $5,014,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMSC. Vanguard Group Inc. grew its position in American Superconductor by 19.6% during the fourth quarter. Vanguard Group Inc. now owns 3,526,632 shares of the technology company’s stock worth $101,496,000 after buying an additional 576,831 shares in the last quarter. UBS Group AG grew its position in American Superconductor by 284.3% during the fourth quarter. UBS Group AG now owns 744,563 shares of the technology company’s stock worth $21,429,000 after buying an additional 550,829 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in American Superconductor by 221.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 760,457 shares of the technology company’s stock worth $45,164,000 after buying an additional 524,061 shares in the last quarter. Atreides Management LP grew its stake in American Superconductor by 34.0% in the 2nd quarter. Atreides Management LP now owns 1,104,458 shares of the technology company’s stock worth $40,523,000 after buying an additional 280,418 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of American Superconductor by 878.5% in the 1st quarter. Millennium Management LLC now owns 225,682 shares of the technology company’s stock worth $4,094,000 after buying an additional 202,617 shares during the last quarter. 52.28% of the stock is currently owned by hedge funds and other institutional investors.

American Superconductor Price Performance

Shares of American Superconductor stock opened at $55.06 on Monday. The company has a current ratio of 2.66, a quick ratio of 1.80 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.62 billion, a PE ratio of 18.79 and a beta of 3.28. The business’s 50-day moving average price is $39.46 and its 200-day moving average price is $35.89. American Superconductor Corporation has a 12 month low of $22.85 and a 12 month high of $70.49.

Analysts Set New Price Targets

Several analysts have recently weighed in on AMSC shares. Zacks Research cut shares of American Superconductor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Weiss Ratings upgraded shares of American Superconductor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

About American Superconductor

American Superconductor Corporation (NASDAQ:AMSC) is a technology company specializing in power electronics and high-temperature superconductor systems. Founded in 1987 and headquartered in Devens, Massachusetts, AMSC develops hardware and software solutions aimed at improving the efficiency, reliability and stability of electric power systems and renewable energy infrastructure. The company’s engineering expertise spans from the lab scale to full commercial deployment, with a focus on tackling grid integration challenges for utilities and independent power producers.

AMSC’s portfolio includes superconducting wire and cryogenic systems, power grid stabilization devices, and turnkey wind turbine electronics.