American Superconductor Co. (NASDAQ:AMSC) Holdings Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in shares of American Superconductor Co. (NASDAQ:AMSC) by 211.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 304,528 shares of the technology company’s stock after acquiring an additional 206,655 shares during the period. Charles Schwab Investment Management Inc.’s holdings in American Superconductor were worth $7,187,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Amalgamated Bank acquired a new position in shares of American Superconductor in the 2nd quarter valued at about $28,000. nVerses Capital LLC bought a new position in American Superconductor in the second quarter worth about $42,000. CWM LLC acquired a new position in American Superconductor in the third quarter valued at approximately $57,000. Quest Partners LLC bought a new position in shares of American Superconductor during the third quarter valued at approximately $88,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of American Superconductor during the 2nd quarter worth approximately $96,000. 52.28% of the stock is currently owned by institutional investors.

American Superconductor Stock Performance

Shares of AMSC opened at $28.81 on Thursday. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of -576.20 and a beta of 2.21. The stock’s fifty day moving average is $28.49 and its 200-day moving average is $24.78. American Superconductor Co. has a one year low of $9.37 and a one year high of $38.02.

Analyst Ratings Changes

AMSC has been the subject of a number of recent research reports. Roth Mkm restated a “buy” rating and set a $29.00 price objective on shares of American Superconductor in a research note on Monday, September 30th. Craig Hallum reiterated a “buy” rating and issued a $33.00 price objective on shares of American Superconductor in a research report on Tuesday, September 10th.

American Superconductor 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.