American Superconductor Corporation $AMSC Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. grew its position in American Superconductor Corporation (NASDAQ:AMSC) by 19.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,526,632 shares of the technology company’s stock after acquiring an additional 576,831 shares during the quarter. Vanguard Group Inc. owned about 7.80% of American Superconductor worth $101,496,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AMSC. Arizona State Retirement System lifted its holdings in shares of American Superconductor by 3.6% during the third quarter. Arizona State Retirement System now owns 12,883 shares of the technology company’s stock worth $765,000 after purchasing an additional 442 shares during the period. Stephens Inc. AR lifted its holdings in shares of American Superconductor by 6.3% during the third quarter. Stephens Inc. AR now owns 8,500 shares of the technology company’s stock worth $505,000 after purchasing an additional 500 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of American Superconductor by 13.6% during the third quarter. PNC Financial Services Group Inc. now owns 4,542 shares of the technology company’s stock worth $270,000 after purchasing an additional 542 shares during the period. Palisades Investment Partners LLC lifted its holdings in shares of American Superconductor by 0.4% during the third quarter. Palisades Investment Partners LLC now owns 141,109 shares of the technology company’s stock worth $8,380,000 after purchasing an additional 611 shares during the period. Finally, Mariner LLC lifted its holdings in shares of American Superconductor by 7.6% during the third quarter. Mariner LLC now owns 13,227 shares of the technology company’s stock worth $786,000 after purchasing an additional 932 shares during the period. 52.28% of the stock is owned by institutional investors and hedge funds.

American Superconductor Price Performance

American Superconductor stock opened at $55.73 on Thursday. American Superconductor Corporation has a one year low of $22.78 and a one year high of $70.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.80 and a current ratio of 2.66. The business has a fifty day moving average of $38.52 and a two-hundred day moving average of $35.94. The company has a market cap of $2.65 billion, a P/E ratio of 19.02 and a beta of 3.28.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Weiss Ratings raised American Superconductor from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Wall Street Zen downgraded American Superconductor from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Zacks Research downgraded American Superconductor from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold”.

American Superconductor Company Profile

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.