American Superconductor Co. (NASDAQ:AMSC) Stock Position Decreased by Wells Fargo & Company MN

Wells Fargo & Company MN lessened its holdings in shares of American Superconductor Co. (NASDAQ:AMSC) by 24.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 21,525 shares of the technology company’s stock after selling 6,816 shares during the quarter. Wells Fargo & Company MN’s holdings in American Superconductor were worth $198,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the stock. Marshall Wace LLP bought a new stake in shares of American Superconductor during the 1st quarter valued at about $2,961,000. Chicago Equity Partners LLC bought a new stake in shares of American Superconductor during the 2nd quarter valued at about $218,000. Stone Ridge Asset Management LLC bought a new stake in shares of American Superconductor during the 2nd quarter valued at about $206,000. Finally, WINTON GROUP Ltd bought a new stake in shares of American Superconductor during the 2nd quarter valued at about $175,000. 45.79% of the stock is owned by institutional investors and hedge funds.

NASDAQ AMSC opened at $8.31 on Friday. American Superconductor Co. has a 52 week low of $5.78 and a 52 week high of $16.44. The company has a current ratio of 3.50, a quick ratio of 3.09 and a debt-to-equity ratio of 0.04. The stock has a market cap of $179.25 million, a price-to-earnings ratio of -10.52 and a beta of 1.05. The company has a 50-day moving average price of $8.06 and a two-hundred day moving average price of $9.59.

American Superconductor (NASDAQ:AMSC) last posted its earnings results on Tuesday, August 6th. The technology company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.04. American Superconductor had a net margin of 48.74% and a negative return on equity of 22.93%. The firm had revenue of $13.77 million during the quarter, compared to analysts’ expectations of $10.95 million. During the same quarter in the prior year, the firm earned ($0.18) EPS. As a group, equities research analysts expect that American Superconductor Co. will post -1.33 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on the stock. ValuEngine downgraded shares of American Superconductor from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research cut shares of American Superconductor from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $14.20.

About American Superconductor

American Superconductor Corporation provides megawatt-scale solutions worldwide. The company operates in two segments, Wind and Grid. The Wind segment designs wind turbine systems and licenses these designs to third parties under the Windtec Solutions brand. It supplies power electronics and software-based control systems, and provides customer support services to wind turbine manufacturers.

Further Reading: The limitations of an equal weight rating

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Institutional Ownership by Quarter for American Superconductor (NASDAQ:AMSC)

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