Los Angeles Capital Management LLC Invests $485,000 in American Superconductor Co. (NASDAQ:AMSC)

Los Angeles Capital Management LLC bought a new position in shares of American Superconductor Co. (NASDAQ:AMSC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,569 shares of the technology company’s stock, valued at approximately $485,000. Los Angeles Capital Management LLC owned approximately 0.05% of American Superconductor as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AMSC. Vanguard Group Inc. lifted its position in shares of American Superconductor by 30.5% during the 1st quarter. Vanguard Group Inc. now owns 1,698,934 shares of the technology company’s stock valued at $22,953,000 after acquiring an additional 396,814 shares during the period. Acadian Asset Management LLC lifted its position in American Superconductor by 92.5% during the first quarter. Acadian Asset Management LLC now owns 48,218 shares of the technology company’s stock worth $649,000 after purchasing an additional 23,174 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in American Superconductor during the first quarter worth about $153,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in American Superconductor by 36.3% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 38,318 shares of the technology company’s stock valued at $518,000 after buying an additional 10,197 shares during the period. Finally, CM Management LLC raised its position in shares of American Superconductor by 28.2% in the 1st quarter. CM Management LLC now owns 250,000 shares of the technology company’s stock valued at $3,378,000 after buying an additional 55,000 shares in the last quarter. Institutional investors and hedge funds own 52.28% of the company’s stock.

Analyst Upgrades and Downgrades

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

American Superconductor Trading Down 5.7 %

Shares of American Superconductor stock opened at $30.08 on Friday. The firm’s 50 day moving average is $24.84 and its 200 day moving average is $22.42. The firm has a market capitalization of $1.19 billion, a PE ratio of -601.60 and a beta of 2.14. American Superconductor Co. has a 1 year low of $8.56 and a 1 year high of $38.02.

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.