Rice Hall James & Associates LLC Sells 13,610 Shares of American Superconductor Corporation $AMSC

Rice Hall James & Associates LLC reduced its holdings in American Superconductor Corporation (NASDAQ:AMSC) by 22.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,114 shares of the technology company’s stock after selling 13,610 shares during the quarter. Rice Hall James & Associates LLC’s holdings in American Superconductor were worth $1,356,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AMSC. Royal Bank of Canada increased its holdings in American Superconductor by 27.5% in the first quarter. Royal Bank of Canada now owns 26,190 shares of the technology company’s stock worth $475,000 after purchasing an additional 5,647 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of American Superconductor by 13.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,295 shares of the technology company’s stock valued at $459,000 after acquiring an additional 2,989 shares in the last quarter. Millennium Management LLC increased its holdings in shares of American Superconductor by 878.5% during the first quarter. Millennium Management LLC now owns 225,682 shares of the technology company’s stock valued at $4,094,000 after acquiring an additional 202,617 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of American Superconductor by 54.6% during the first quarter. Goldman Sachs Group Inc. now owns 481,961 shares of the technology company’s stock valued at $8,743,000 after acquiring an additional 170,243 shares in the last quarter. Finally, Creative Planning bought a new stake in shares of American Superconductor during the second quarter valued at approximately $208,000. 52.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

American Superconductor Stock Down 1.5%

NASDAQ AMSC opened at $40.46 on Wednesday. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 13.49 and a beta of 3.20. American Superconductor Corporation has a 52 week low of $24.87 and a 52 week high of $70.49. The business has a 50 day moving average price of $46.29 and a 200-day moving average price of $36.69.

American Superconductor (NASDAQ:AMSC) last announced its earnings results on Wednesday, May 27th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.11. The company had revenue of $86.41 million for the quarter, compared to analysts’ expectations of $82.10 million. American Superconductor had a return on equity of 32.19% and a net margin of 44.73%.American Superconductor’s quarterly revenue was up 29.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.12 earnings per share. American Superconductor has set its Q1 2026 guidance at 0.170- EPS. On average, equities research analysts anticipate that American Superconductor Corporation will post 0.66 earnings per share for the current year.

Insider Activity at American Superconductor

In related news, CFO John W. Kosiba, Jr. sold 6,769 shares of American Superconductor stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $37.46, for a total transaction of $253,566.74. Following the transaction, the chief financial officer owned 334,377 shares of the company’s stock, valued at $12,525,762.42. The trade was a 1.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Daniel P. Mcgahn sold 16,117 shares of American Superconductor stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $37.45, for a total value of $603,581.65. Following the transaction, the chief executive officer directly owned 1,131,929 shares in the company, valued at approximately $42,390,741.05. The trade was a 1.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 37,391 shares of company stock worth $1,463,119. 4.80% of the stock is owned by insiders.

American Superconductor 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.