Royce & Associates LP Has $21.24 Million Stock Position in American Superconductor Corporation $AMSC

Royce & Associates LP cut its stake in shares of American Superconductor Corporation (NASDAQ:AMSC) by 55.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 357,580 shares of the technology company’s stock after selling 454,152 shares during the quarter. Royce & Associates LP’s holdings in American Superconductor were worth $21,237,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Virtus Advisers LLC acquired a new position in shares of American Superconductor during the 2nd quarter worth approximately $69,000. Canada Pension Plan Investment Board grew its stake in shares of American Superconductor by 100.0% in the second quarter. Canada Pension Plan Investment Board now owns 2,000 shares of the technology company’s stock valued at $73,000 after buying an additional 1,000 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in American Superconductor during the second quarter worth $96,000. State of Alaska Department of Revenue bought a new stake in American Superconductor during the third quarter worth $124,000. Finally, SBI Securities Co. Ltd. raised its position in American Superconductor by 65.3% during the second quarter. SBI Securities Co. Ltd. now owns 3,867 shares of the technology company’s stock worth $142,000 after acquiring an additional 1,527 shares in the last quarter. 52.28% of the stock is currently owned by institutional investors.

American Superconductor Trading Down 5.9%

Shares of NASDAQ:AMSC opened at $32.58 on Monday. American Superconductor Corporation has a 12-month low of $13.98 and a 12-month high of $70.49. The business has a 50 day moving average of $31.60 and a 200-day moving average of $42.30. The company has a quick ratio of 1.80, a current ratio of 2.66 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.55 billion, a PE ratio of 11.12 and a beta of 2.97.

American Superconductor (NASDAQ:AMSC) last announced its earnings results on Wednesday, February 4th. The technology company reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $2.60. The company had revenue of $74.53 million for the quarter, compared to analyst estimates of $69.03 million. American Superconductor had a return on equity of 37.97% and a net margin of 46.70%.The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 earnings per share. American Superconductor has set its Q4 2025 guidance at 0.170- EPS. As a group, equities research analysts forecast that American Superconductor Corporation will post 0.41 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of American Superconductor in a research report on Monday, December 29th. Wall Street Zen cut American Superconductor from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Zacks Research upgraded American Superconductor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Finally, Oppenheimer reiterated an “outperform” rating on shares of American Superconductor in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, American Superconductor has an average rating of “Buy”.

About American Superconductor

American Superconductor Corporation (NASDAQ:AMSC) is a technology company specializing in power electronics and high-temperature superconductor systems. Founded in 1987 and headquartered in Devens, Massachusetts, AMSC develops hardware and software solutions aimed at improving the efficiency, reliability and stability of electric power systems and renewable energy infrastructure. The company’s engineering expertise spans from the lab scale to full commercial deployment, with a focus on tackling grid integration challenges for utilities and independent power producers.

AMSC’s portfolio includes superconducting wire and cryogenic systems, power grid stabilization devices, and turnkey wind turbine electronics.