Renaissance Technologies LLC raised its position in shares of American Superconductor Corporation (NASDAQ:AMSC) by 7.9% during the first quarter, Holdings Channel reports. The firm owned 459,588 shares of the technology company’s stock after buying an additional 33,700 shares during the period. Renaissance Technologies LLC’s holdings in American Superconductor Corporation were worth $3,153,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AMSC. Russell Investments Group Ltd. acquired a new stake in shares of American Superconductor Corporation during the fourth quarter worth $166,000. Bank of New York Mellon Corp raised its stake in shares of American Superconductor Corporation by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 83,720 shares of the technology company’s stock worth $575,000 after buying an additional 1,635 shares during the period. GMT Capital Corp acquired a new stake in shares of American Superconductor Corporation during the first quarter worth $213,000. Royce & Associates LP acquired a new stake in shares of American Superconductor Corporation during the first quarter worth $1,182,000. Finally, First Manhattan Co. raised its stake in shares of American Superconductor Corporation by 9.6% in the first quarter. First Manhattan Co. now owns 15,369 shares of the technology company’s stock worth $107,000 after buying an additional 1,350 shares during the period. Institutional investors own 31.21% of the company’s stock.

Shares of American Superconductor Corporation (NASDAQ:AMSC) traded down 0.62% during mid-day trading on Friday, reaching $3.23. The company had a trading volume of 148,528 shares. American Superconductor Corporation has a 52-week low of $2.89 and a 52-week high of $8.55. The firm’s 50-day moving average price is $3.91 and its 200 day moving average price is $5.32. The company’s market cap is $60.05 million.

American Superconductor Corporation (NASDAQ:AMSC) last issued its earnings results on Tuesday, August 8th. The technology company reported ($0.97) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.06) by $0.09. American Superconductor Corporation had a negative return on equity of 54.39% and a negative net margin of 45.60%. The business had revenue of $8.92 million during the quarter, compared to analysts’ expectations of $8.46 million. During the same quarter in the prior year, the firm earned ($0.64) EPS. The business’s revenue for the quarter was down 33.2% compared to the same quarter last year. Equities analysts expect that American Superconductor Corporation will post ($2.25) EPS for the current year.

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A number of brokerages recently commented on AMSC. HC Wainwright set a $8.00 price objective on American Superconductor Corporation and gave the stock a “buy” rating in a research report on Friday, April 28th. FBR & Co lowered American Superconductor Corporation from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $9.00 to $6.00 in a research report on Friday, July 21st. Roth Capital set a $10.00 price objective on American Superconductor Corporation and gave the stock a “buy” rating in a research report on Friday, May 26th. Zacks Investment Research lowered American Superconductor Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Rodman & Renshaw reiterated a “buy” rating and issued a $7.50 price objective (down from $10.00) on shares of American Superconductor Corporation in a research report on Friday, April 28th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $7.43.

About American Superconductor Corporation

American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.

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Institutional Ownership by Quarter for American Superconductor Corporation (NASDAQ:AMSC)

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