American Superconductor Co. (NASDAQ:AMSC) Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC cut its stake in American Superconductor Co. (NASDAQ:AMSC) by 51.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,276 shares of the technology company’s stock after selling 57,676 shares during the period. Legato Capital Management LLC owned approximately 0.14% of American Superconductor worth $1,337,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AMSC. CWM LLC acquired a new position in shares of American Superconductor during the 3rd quarter valued at $57,000. Quest Partners LLC bought a new position in American Superconductor during the third quarter valued at about $88,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in American Superconductor during the third quarter worth about $277,000. Heck Capital Advisors LLC bought a new stake in American Superconductor in the fourth quarter worth about $279,000. Finally, PFG Investments LLC acquired a new stake in American Superconductor in the 4th quarter valued at about $280,000. Institutional investors and hedge funds own 52.28% of the company’s stock.

American Superconductor Stock Down 4.3 %

AMSC opened at $30.35 on Thursday. The firm has a market cap of $1.20 billion, a PE ratio of 433.63 and a beta of 2.26. The business has a fifty day simple moving average of $27.59 and a 200-day simple moving average of $25.61. American Superconductor Co. has a fifty-two week low of $11.36 and a fifty-two week high of $38.02.

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

Analyst Ratings Changes

Separately, Oppenheimer lifted their price objective 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.