Healthcare of Ontario Pension Plan Trust Fund Boosts Stake in American Superconductor Co. (NASDAQ:AMSC)

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of American Superconductor Co. (NASDAQ:AMSC) by 12.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,075 shares of the technology company’s stock after acquiring an additional 4,929 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in American Superconductor were worth $1,040,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Amalgamated Bank acquired a new stake in American Superconductor during the 2nd quarter valued at approximately $28,000. nVerses Capital LLC bought a new stake in shares of American Superconductor in the second quarter worth $42,000. CWM LLC acquired a new stake in American Superconductor in the third quarter valued at $57,000. Quest Partners LLC bought a new position in American Superconductor during the 3rd quarter valued at $88,000. Finally, Canada Pension Plan Investment Board acquired a new position in American Superconductor during the 2nd quarter worth $96,000. 52.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMSC has been the topic of several research analyst reports. Craig Hallum reaffirmed a “buy” rating and set a $33.00 price target on shares of American Superconductor in a research report on Tuesday, September 10th. Roth Mkm reaffirmed a “buy” rating and set a $29.00 target price on shares of American Superconductor in a report on Monday, September 30th.

American Superconductor Stock Performance

Shares of NASDAQ:AMSC opened at $34.49 on Tuesday. The company’s fifty day moving average is $27.30 and its two-hundred day moving average is $24.05. American Superconductor Co. has a 1-year low of $9.37 and a 1-year high of $38.02. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of -689.80 and a beta of 2.14.

American Superconductor Company 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.