BNP Paribas Financial Markets Trims Stock Holdings in American Superconductor Co. (NASDAQ:AMSC)

BNP Paribas Financial Markets reduced its stake in American Superconductor Co. (NASDAQ:AMSC) by 45.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,339 shares of the technology company’s stock after selling 10,340 shares during the quarter. BNP Paribas Financial Markets’ holdings in American Superconductor were worth $304,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in American Superconductor in the 4th quarter valued at about $65,000. Jones Financial Companies Lllp lifted its holdings in American Superconductor by 1,083.2% in the 4th quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company’s stock valued at $73,000 after purchasing an additional 2,708 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in American Superconductor by 8,670.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company’s stock valued at $73,000 after purchasing an additional 2,948 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of American Superconductor during the fourth quarter valued at approximately $170,000. Finally, Tradewinds LLC. purchased a new position in shares of American Superconductor during the fourth quarter valued at approximately $176,000. 52.28% of the stock is currently owned by hedge funds and other institutional investors.

American Superconductor Trading Up 8.3%

NASDAQ AMSC opened at $27.38 on Wednesday. The business’s 50-day moving average price is $20.37 and its 200 day moving average price is $24.96. American Superconductor Co. has a twelve month low of $13.98 and a twelve month high of $38.02. The company has a market capitalization of $1.08 billion, a PE ratio of 391.20 and a beta of 2.81.

American Superconductor (NASDAQ:AMSC) last announced its quarterly earnings data on Wednesday, May 21st. The technology company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The business had revenue of $66.66 million for the quarter, compared to analyst estimates of $60.27 million. American Superconductor had a net margin of 1.64% and a return on equity of 8.95%. American Superconductor’s revenue was up 58.6% on a year-over-year basis. Equities analysts predict that American Superconductor Co. will post 0.41 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Oppenheimer upped their price objective on shares of American Superconductor from $33.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, February 7th.

About American Superconductor

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.