Mitsubishi UFJ Asset Management Co. Ltd. Invests $440,000 in American Superconductor Co. (NASDAQ:AMSC)

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in American Superconductor Co. (NASDAQ:AMSC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 40,333 shares of the technology company’s stock, valued at approximately $440,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.13% of American Superconductor at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AMSC. Assenagon Asset Management S.A. purchased a new stake in American Superconductor during the third quarter worth about $371,000. Jump Financial LLC lifted its holdings in American Superconductor by 196.0% during the 3rd quarter. Jump Financial LLC now owns 85,300 shares of the technology company’s stock worth $644,000 after buying an additional 56,479 shares in the last quarter. Barclays PLC grew its stake in shares of American Superconductor by 640,100.0% in the third quarter. Barclays PLC now owns 25,608 shares of the technology company’s stock worth $193,000 after acquiring an additional 25,604 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of American Superconductor during the third quarter worth $5,291,000. Finally, Invesco Ltd. raised its stake in shares of American Superconductor by 58.9% in the third quarter. Invesco Ltd. now owns 873,006 shares of the technology company’s stock valued at $6,591,000 after acquiring an additional 323,472 shares in the last quarter. Institutional investors and hedge funds own 52.28% of the company’s stock.

American Superconductor Stock Up 3.7 %

Shares of American Superconductor stock opened at $15.80 on Thursday. American Superconductor Co. has a 52-week low of $3.92 and a 52-week high of $17.37. The company has a 50 day moving average of $13.14 and a 200 day moving average of $11.83. The company has a market capitalization of $485.63 million, a P/E ratio of -26.78 and a beta of 1.97.

Analyst Upgrades and Downgrades

Separately, Roth Mkm upped their price target on American Superconductor from $10.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, January 26th.

American Superconductor Company Profile

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.