1 week Ago By Defense World Staff
Invesco Ltd. lessened its stake in American Superconductor Co. (NASDAQ:AMSC – Free Report) by 63.
3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 197,783 shares of the technology company’s stock after selling 340,616 shares during the quarter. Invesco Ltd.
owned approximately 0.50% of American Superconductor worth $4,871,000 at the end of the most recent reporting period. Several other hedge funds also recently modified their holdings of AMSC.
Franklin Resources Inc. bought a new position in American Superconductor during the 3rd quarter valued at $781,000. Barclays PLC boosted its holdings in American Superconductor by 376.
2% during the third quarter. Barclays PLC now owns 58,328 shares of the technology company’s stock worth $1,377,000 after purchasing an additional 46,080 shares during the last quarter. Campbell Newman Asset Management Inc.
bought a new stake in American Superconductor in the 4th quarter worth about $1,483,000. Geode Capital Management LLC increased its stake in American Superconductor by 4.5% in the 3rd quarter.
Geode Capital Management LLC now owns 847,412 shares of the technology company’s stock valued at $20,003,000 after buying an additional 36,511 shares during the last quarter. Finally, Range Financial Group LLC bought a new position in shares of American Superconductor during the 4th quarter worth approximately $1,035,000. Hedge funds and other institutional investors own 52.
28% of the company’s stock. American Superconductor Stock PerformanceShares of NASDAQ:AMSC opened at $20.29 on Friday.
American Superconductor Co. has a fifty-two week low of $12.14 and a fifty-two week high of $38.
02. The company’s 50-day moving average is $19.78 and its 200 day moving average is $25.
34. The company has a market capitalization of $800.64 million, a P/E ratio of 289.
90 and a beta of 2.58. American Superconductor (NASDAQ:AMSC – Get Free Report) last released its earnings results on Wednesday, February 5th.
The technology company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.
02. American Superconductor had a net margin of 1.64% and a return on equity of 8.
95%. As a group, research analysts predict that American Superconductor Co. will post 0.
41 earnings per share for the current year. Wall Street Analyst Weigh InSeparately, Oppenheimer upped their target price on American Superconductor from $33.00 to $39.
00 and gave the company an “outperform” rating in a report on Friday, February 7th.Check Out Our Latest Research Report on AMSCAmerican Superconductor Company Profile (Free Report)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.Read MoreFive stocks we like better than American Superconductor3 Home Improvement Stocks that Can Upgrade Your PortfolioMarkets Think Robinhood Earnings Could Send the Stock UpUsing the MarketBeat Dividend Yield CalculatorChurchill Downs Stock: Could Tariff Fears Dampen Derby Gains?Best Aerospace Stocks Investing AT&T: Subscriber Growth & Buybacks Signal Bullish Turnaround.
