American Superconductor (NASDAQ:AMSC) Trading Up 5.1%

American Superconductor Co. (NASDAQ:AMSC) was up 5.1% on Tuesday . The stock traded as high as $24.19 and last traded at $24.15. Approximately 396,363 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 920,139 shares. The stock had previously closed at $22.98.

Analyst Ratings Changes

Several equities analysts recently weighed in on AMSC shares. Oppenheimer raised their price target on shares of American Superconductor from $16.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Roth Mkm lifted their target price on shares of American Superconductor from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th.

American Superconductor Stock Performance

The company’s 50-day simple moving average is $18.61 and its 200 day simple moving average is $14.48.

American Superconductor (NASDAQ:AMSC) last posted its earnings results on Wednesday, May 29th. The technology company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.08. The firm had revenue of $42.03 million for the quarter, compared to analysts’ expectations of $36.75 million. American Superconductor had a negative net margin of 7.63% and a negative return on equity of 4.26%. On average, sell-side analysts forecast that American Superconductor Co. will post -0.04 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO John W. Kosiba, Jr. sold 29,000 shares of American Superconductor stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $14.82, for a total value of $429,780.00. Following the sale, the chief financial officer now owns 348,136 shares of the company’s stock, valued at approximately $5,159,375.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO John W. Kosiba, Jr. sold 32,000 shares of American Superconductor stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $21.68, for a total value of $693,760.00. Following the completion of the transaction, the chief financial officer now directly owns 316,136 shares in the company, valued at approximately $6,853,828.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John W. Kosiba, Jr. sold 29,000 shares of American Superconductor stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $14.82, for a total transaction of $429,780.00. Following the completion of the transaction, the chief financial officer now owns 348,136 shares of the company’s stock, valued at $5,159,375.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 118,724 shares of company stock valued at $2,234,333. 4.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AMSC. Hood River Capital Management LLC purchased a new position in shares of American Superconductor during the 1st quarter valued at $21,870,000. Baillie Gifford & Co. grew its position in shares of American Superconductor by 39.9% during the 4th quarter. Baillie Gifford & Co. now owns 2,086,279 shares of the technology company’s stock valued at $23,241,000 after purchasing an additional 594,909 shares in the last quarter. AWM Investment Company Inc. grew its position in shares of American Superconductor by 19.4% during the 1st quarter. AWM Investment Company Inc. now owns 2,661,319 shares of the technology company’s stock valued at $35,954,000 after purchasing an additional 433,018 shares in the last quarter. Vanguard Group Inc. grew its position in shares of American Superconductor by 30.5% during the 1st quarter. Vanguard Group Inc. now owns 1,698,934 shares of the technology company’s stock valued at $22,953,000 after purchasing an additional 396,814 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of American Superconductor by 58.9% during the 3rd quarter. Invesco Ltd. now owns 873,006 shares of the technology company’s stock valued at $6,591,000 after purchasing an additional 323,472 shares in the last quarter. 52.28% of the stock is currently owned by hedge funds and other institutional investors.

About American Superconductor

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. 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; and engineering planning services.