Merit Financial Group LLC Buys 4,490 Shares of American Superconductor Co. (NASDAQ:AMSC)

Merit Financial Group LLC raised its holdings in American Superconductor Co. (NASDAQ:AMSC) by 5.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 82,389 shares of the technology company’s stock after purchasing an additional 4,490 shares during the quarter. Merit Financial Group LLC’s holdings in American Superconductor were worth $918,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Citigroup Inc. acquired a new position in American Superconductor in the 3rd quarter valued at $92,000. Atria Wealth Solutions Inc. grew its holdings in shares of American Superconductor by 18.8% during the 4th quarter. Atria Wealth Solutions Inc. now owns 14,469 shares of the technology company’s stock worth $161,000 after purchasing an additional 2,294 shares in the last quarter. GPS Wealth Strategies Group LLC acquired a new stake in shares of American Superconductor during the 3rd quarter worth $132,000. Bailard Inc. acquired a new stake in shares of American Superconductor during the 4th quarter worth $247,000. Finally, Barclays PLC grew its holdings in shares of American Superconductor by 640,100.0% during the 3rd quarter. Barclays PLC now owns 25,608 shares of the technology company’s stock worth $193,000 after purchasing an additional 25,604 shares in the last quarter. 52.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

American Superconductor Stock Up 2.9 %

NASDAQ:AMSC opened at $13.37 on Monday. The stock’s 50-day simple moving average is $13.08 and its 200 day simple moving average is $11.16. American Superconductor Co. has a twelve month low of $3.63 and a twelve month high of $17.37.

American Superconductor Company 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.