Andrew Hill Investment Advisors Inc. Sells 72,569 Shares of American Superconductor Co. (NASDAQ:AMSC)

Andrew Hill Investment Advisors Inc. trimmed its stake in American Superconductor Co. (NASDAQ:AMSC) by 38.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,971 shares of the technology company’s stock after selling 72,569 shares during the period. American Superconductor comprises 2.1% of Andrew Hill Investment Advisors Inc.’s holdings, making the stock its 21st biggest holding. Andrew Hill Investment Advisors Inc. owned about 0.29% of American Superconductor worth $2,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of AMSC. State Street Corp lifted its stake in American Superconductor by 18.3% in the third quarter. State Street Corp now owns 906,250 shares of the technology company’s stock worth $21,388,000 after acquiring an additional 140,106 shares during the last quarter. Geode Capital Management LLC increased its position in shares of American Superconductor by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 856,455 shares of the technology company’s stock valued at $21,099,000 after purchasing an additional 9,043 shares during the period. Wellington Management Group LLP acquired a new position in shares of American Superconductor during the fourth quarter valued at $11,360,000. Raymond James Financial Inc. bought a new position in shares of American Superconductor during the fourth quarter worth about $10,188,000. Finally, Legal & General Group Plc raised its holdings in American Superconductor by 1.8% in the 4th quarter. Legal & General Group Plc now owns 347,549 shares of the technology company’s stock valued at $8,560,000 after acquiring an additional 6,192 shares in the last quarter. Institutional investors own 52.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer increased their price objective on American Superconductor from $33.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th.

American Superconductor Price Performance

Shares of NASDAQ:AMSC opened at $18.81 on Thursday. The firm has a fifty day moving average price of $22.65 and a 200 day moving average price of $25.71. American Superconductor Co. has a 1-year low of $11.36 and a 1-year high of $38.02. The stock has a market cap of $742.24 million, a P/E ratio of 268.75 and a beta of 2.58.

American Superconductor (NASDAQ:AMSC) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. American Superconductor had a net margin of 1.64% and a return on equity of 8.95%. Sell-side analysts expect that American Superconductor Co. will post 0.41 EPS for the current fiscal year.

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.