Hussman Strategic Advisors Inc. Reduces Holdings in American Superconductor Co. (NASDAQ:AMSC)

Hussman Strategic Advisors Inc. decreased its holdings in American Superconductor Co. (NASDAQ:AMSC) by 40.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 63,000 shares of the technology company’s stock after selling 42,000 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in American Superconductor were worth $1,552,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMSC. State Street Corp lifted its holdings in American Superconductor by 18.3% during the third quarter. State Street Corp now owns 906,250 shares of the technology company’s stock valued at $21,388,000 after purchasing an additional 140,106 shares in the last quarter. Geode Capital Management LLC lifted its holdings in American Superconductor by 4.5% during the third quarter. Geode Capital Management LLC now owns 847,412 shares of the technology company’s stock valued at $20,003,000 after purchasing an additional 36,511 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in American Superconductor during the third quarter valued at approximately $10,246,000. Charles Schwab Investment Management Inc. lifted its holdings in American Superconductor by 211.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 304,528 shares of the technology company’s stock valued at $7,187,000 after purchasing an additional 206,655 shares in the last quarter. Finally, Lisanti Capital Growth LLC lifted its holdings in American Superconductor by 110.2% during the third quarter. Lisanti Capital Growth LLC now owns 131,340 shares of the technology company’s stock valued at $3,100,000 after purchasing an additional 68,845 shares in the last quarter. Hedge funds and other institutional investors own 52.28% of the company’s stock.

American Superconductor Stock Down 3.0 %

AMSC stock opened at $31.45 on Thursday. American Superconductor Co. has a twelve month low of $11.36 and a twelve month high of $38.02. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 449.35 and a beta of 2.26. The firm’s fifty day simple moving average is $27.58 and its two-hundred day simple moving average is $25.90.

American Superconductor (NASDAQ:AMSC) last issued its earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts expect that American Superconductor Co. will post 0.41 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Oppenheimer lifted their price target on shares of American Superconductor from $33.00 to $39.00 and gave the company an “outperform” rating in a report 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.