GMT Capital Corp Takes $141,000 Position in American Superconductor Corporation (AMSC)
GMT Capital Corp purchased a new stake in American Superconductor Corporation (NASDAQ:AMSC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,100 shares of the technology company’s stock, valued at approximately $141,000. GMT Capital Corp owned about 0.15% of American Superconductor as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Wedbush Securities Inc. purchased a new position in American Superconductor in the third quarter valued at about $210,000. Ardsley Advisory Partners boosted its holdings in American Superconductor by 413.3% in the second quarter. Ardsley Advisory Partners now owns 1,390,000 shares of the technology company’s stock valued at $6,436,000 after purchasing an additional 1,119,200 shares during the last quarter. AWM Investment Company Inc. boosted its holdings in American Superconductor by 22.7% in the second quarter. AWM Investment Company Inc. now owns 1,519,124 shares of the technology company’s stock valued at $7,018,000 after purchasing an additional 280,879 shares during the last quarter. Manatuck Hill Partners LLC acquired a new stake in American Superconductor during the second quarter valued at approximately $1,617,000. Finally, Dimensional Fund Advisors LP raised its stake in American Superconductor by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 37,496 shares of the technology company’s stock valued at $173,000 after buying an additional 2,600 shares in the last quarter. 31.53% of the stock is owned by hedge funds and other institutional investors.
Shares of American Superconductor Corporation (NASDAQ:AMSC) opened at $3.23 on Friday. American Superconductor Corporation has a one year low of $2.89 and a one year high of $8.34.
American Superconductor (NASDAQ:AMSC) last announced its quarterly earnings data on Tuesday, November 7th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.69) by $0.25. American Superconductor had a negative return on equity of 58.10% and a negative net margin of 50.90%. The firm had revenue of $11.05 million for the quarter, compared to analysts’ expectations of $10.93 million. During the same quarter in the prior year, the firm posted ($0.60) earnings per share. American Superconductor’s revenue for the quarter was down 40.3% compared to the same quarter last year. equities analysts expect that American Superconductor Corporation will post -2.08 EPS for the current year.
AMSC has been the topic of several research reports. Zacks Investment Research upgraded American Superconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. FBR & Co restated a “hold” rating and set a $6.00 price objective on shares of American Superconductor in a research note on Wednesday, September 27th. Finally, Cowen Inc restated a “buy” rating and set a $6.00 price objective (down previously from $7.50) on shares of American Superconductor in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $6.82.
About American Superconductor
American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.
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