AJOVista LLC Takes Position in American Superconductor Co. (NASDAQ:AMSC)

AJOVista LLC purchased a new position in American Superconductor Co. (NASDAQ:AMSC) in the 4th quarter, Holdings Channel.com reports. The fund purchased 6,221 shares of the technology company’s stock, valued at approximately $69,000.

Several other institutional investors have also added to or reduced their stakes in AMSC. Citigroup Inc. bought a new position in American Superconductor during the 3rd quarter valued at approximately $92,000. GPS Wealth Strategies Group LLC purchased a new position in shares of American Superconductor during the third quarter valued at approximately $132,000. Atria Wealth Solutions Inc. raised its holdings in shares of American Superconductor by 18.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 14,469 shares of the technology company’s stock valued at $161,000 after acquiring an additional 2,294 shares in the last quarter. Barclays PLC raised its holdings in shares of American Superconductor by 640,100.0% during the third quarter. Barclays PLC now owns 25,608 shares of the technology company’s stock valued at $193,000 after acquiring an additional 25,604 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in American Superconductor by 11.3% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 25,752 shares of the technology company’s stock worth $194,000 after acquiring an additional 2,614 shares during the period. 52.28% of the stock is currently owned by hedge funds and other institutional investors.

American Superconductor Stock Performance

Shares of American Superconductor stock traded up $0.38 during trading on Friday, hitting $13.37. The company’s stock had a trading volume of 249,525 shares, compared to its average volume of 265,289. American Superconductor Co. has a 52 week low of $3.63 and a 52 week high of $17.37. The company has a fifty day simple moving average of $13.08 and a two-hundred day simple moving average of $11.12. The company has a market capitalization of $410.99 million, a PE ratio of -22.66 and a beta of 1.97.

Analysts Set New Price Targets

Separately, Roth Mkm upped their price objective on shares of American Superconductor from $10.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, January 26th.

American Superconductor Profile

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. 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; and engineering planning services.