Rice Hall James & Associates LLC Reduces Stake in American Superconductor Co. (NASDAQ:AMSC)

Rice Hall James & Associates LLC lowered its position in American Superconductor Co. (NASDAQ:AMSC) by 43.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,130 shares of the technology company’s stock after selling 64,062 shares during the period. Rice Hall James & Associates LLC’s holdings in American Superconductor were worth $2,047,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Atria Wealth Solutions Inc. boosted its position in American Superconductor by 4.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 12,475 shares of the technology company’s stock valued at $307,000 after buying an additional 500 shares during the last quarter. Rhumbline Advisers boosted its position in American Superconductor by 1.2% in the fourth quarter. Rhumbline Advisers now owns 51,119 shares of the technology company’s stock valued at $1,259,000 after buying an additional 606 shares during the last quarter. CWM LLC purchased a new stake in American Superconductor in the third quarter valued at approximately $57,000. Spire Wealth Management lifted its holdings in American Superconductor by 17.7% in the fourth quarter. Spire Wealth Management now owns 17,517 shares of the technology company’s stock valued at $431,000 after acquiring an additional 2,628 shares during the period. Finally, Quest Partners LLC acquired a new position in American Superconductor in the third quarter valued at approximately $88,000. Hedge funds and other institutional investors own 52.28% of the company’s stock.

American Superconductor Trading Up 4.1 %

Shares of NASDAQ:AMSC opened at $32.43 on Wednesday. American Superconductor Co. has a 12-month low of $11.36 and a 12-month high of $38.02. The company has a market capitalization of $1.28 billion, a PE ratio of 463.37 and a beta of 2.26. The business has a 50 day moving average of $27.48 and a two-hundred day moving average of $25.82.

American Superconductor (NASDAQ:AMSC) last announced its earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. Equities research analysts predict that American Superconductor Co. will post 0.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer boosted their price target on American Superconductor from $33.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, February 7th.

American Superconductor Company Profile

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.