American Superconductor Co. (NASDAQ:AMSC) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. cut its holdings in American Superconductor Co. (NASDAQ:AMSC) by 21.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,649,790 shares of the technology company’s stock after selling 456,605 shares during the quarter. Baillie Gifford & Co. owned about 4.18% of American Superconductor worth $40,634,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of AMSC. CWM LLC acquired a new position in American Superconductor in the third quarter valued at $57,000. Quest Partners LLC acquired a new position in shares of American Superconductor during the third quarter worth about $88,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of American Superconductor during the third quarter worth about $277,000. Heck Capital Advisors LLC acquired a new position in shares of American Superconductor during the fourth quarter worth about $279,000. Finally, PFG Investments LLC acquired a new position in shares of American Superconductor during the fourth quarter worth about $280,000. 52.28% of the stock is currently owned by institutional investors and hedge funds.

American Superconductor Stock Down 1.7 %

Shares of American Superconductor stock opened at $31.16 on Tuesday. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 445.21 and a beta of 2.26. American Superconductor Co. has a 52-week low of $11.36 and a 52-week high of $38.02. The company’s 50-day simple moving average is $27.43 and its 200-day simple moving average is $25.76.

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

Wall Street Analysts Forecast Growth

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

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.