Stephens Investment Management Group LLC Grows Stock Position in American Superconductor Corporation $AMSC

Stephens Investment Management Group LLC boosted its position in American Superconductor Corporation (NASDAQ:AMSC) by 156.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 owned approximately 0.39% of American Superconductor worth $5,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the business. Arizona State Retirement System increased its stake in shares of American Superconductor by 3.6% in 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 in the last quarter. Stephens Inc. AR increased its stake in shares of American Superconductor by 6.3% in 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 in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of American Superconductor by 13.6% in 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 in the last quarter. Palisades Investment Partners LLC increased its stake in shares of American Superconductor by 0.4% in 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 in the last quarter. Finally, D.A. Davidson & CO. increased its stake in shares of American Superconductor by 11.6% in the fourth quarter. D.A. Davidson & CO. now owns 7,008 shares of the technology company’s stock worth $202,000 after purchasing an additional 731 shares in the last quarter. Hedge funds and other institutional investors own 52.28% of the company’s stock.

Wall Street Analysts Forecast Growth

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

American Superconductor Price Performance

Shares of NASDAQ:AMSC opened at $55.06 on Monday. The company has a 50 day moving average of $39.46 and a 200 day moving average of $35.89. The stock has a market cap of $2.62 billion, a P/E ratio of 18.79 and a beta of 3.28. American Superconductor Corporation has a 12 month low of $22.85 and a 12 month high of $70.49. The company has a current ratio of 2.66, a quick ratio of 1.80 and a debt-to-equity ratio of 0.01.

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.