Legato Capital Management LLC Has $1.34 Million Stock Holdings in American Superconductor Co. (NASDAQ:AMSC)

Legato Capital Management LLC trimmed its holdings in shares of American Superconductor Co. (NASDAQ:AMSC) by 51.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,276 shares of the technology company’s stock after selling 57,676 shares during the period. Legato Capital Management LLC’s holdings in American Superconductor were worth $1,337,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. CWM LLC acquired a new stake in shares of American Superconductor during the 3rd quarter valued at $57,000. Quest Partners LLC acquired a new position in shares of American Superconductor in the third quarter worth $88,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of American Superconductor during the third quarter worth $277,000. Heck Capital Advisors LLC acquired a new stake in American Superconductor during the fourth quarter valued at $279,000. Finally, PFG Investments LLC purchased a new position in American Superconductor in the fourth quarter valued at about $280,000. 52.28% of the stock is owned by hedge funds and other institutional investors.

American Superconductor Stock Down 4.3 %

AMSC stock opened at $30.35 on Thursday. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 433.63 and a beta of 2.26. The firm has a 50 day moving average of $27.59 and a two-hundred day moving average of $25.61. American Superconductor Co. has a 12 month low of $11.36 and a 12 month high of $38.02.

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

Analyst Upgrades and Downgrades

Separately, Oppenheimer raised their price target on 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 Company 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.