JPMorgan Chase & Co. lessened its holdings in American Superconductor Co. (NASDAQ:AMSC – Free Report) by 45.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 46,717 shares of the technology company’s stock after selling 39,460 shares during the quarter. JPMorgan Chase & Co.’s holdings in American Superconductor were worth $1,103,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Amalgamated Bank acquired a new position in shares of American Superconductor in the 2nd quarter worth approximately $28,000. CWM LLC bought a new position in shares of American Superconductor during the third quarter valued at $57,000. Quest Partners LLC acquired a new stake in shares of American Superconductor in the 3rd quarter valued at $88,000. Canada Pension Plan Investment Board bought a new stake in shares of American Superconductor in the 2nd quarter worth about $96,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of American Superconductor during the 3rd quarter worth about $277,000. Institutional investors own 52.28% of the company’s stock.
American Superconductor Stock Performance
Shares of NASDAQ:AMSC opened at $29.04 on Friday. The business has a fifty day moving average of $28.72 and a 200-day moving average of $25.61. The firm has a market cap of $1.15 billion, a PE ratio of -580.68 and a beta of 2.28. American Superconductor Co. has a twelve month low of $10.19 and a twelve month high of $38.02.
Analyst Ratings Changes
Read Our Latest Research Report on AMSC
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.
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