Lisanti Capital Growth LLC Purchases New Stake in American Superconductor Co. (NASDAQ:AMSC)

Lisanti Capital Growth LLC acquired a new position in shares of American Superconductor Co. (NASDAQ:AMSC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 62,495 shares of the technology company’s stock, valued at approximately $1,462,000. Lisanti Capital Growth LLC owned about 0.17% of American Superconductor as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. boosted its position 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 valued at $161,000 after acquiring an additional 2,294 shares during the last quarter. Merit Financial Group LLC grew its stake in shares of American Superconductor by 5.8% in the 4th quarter. Merit Financial Group LLC now owns 82,389 shares of the technology company’s stock valued at $918,000 after buying an additional 4,490 shares during the period. AJOVista LLC acquired a new stake in American Superconductor during the fourth quarter worth $69,000. Psagot Value Holdings Ltd. Israel purchased a new stake in American Superconductor in the 4th quarter valued at about $33,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in American Superconductor in the fourth quarter valued at about $440,000. 52.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMSC has been the subject of several research reports. Oppenheimer lifted their target price on shares of American Superconductor from $16.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Roth Mkm increased their target price on American Superconductor from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th.

Insider Buying and Selling at American Superconductor

In other news, CFO John W. Kosiba, Jr. sold 32,000 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $21.68, for a total transaction of $693,760.00. Following the completion of the transaction, the chief financial officer now directly owns 316,136 shares of the company’s stock, valued at $6,853,828.48. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Daniel P. Mcgahn sold 37,165 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $21.69, for a total transaction of $806,108.85. Following the completion of the transaction, the chief executive officer now directly owns 1,019,956 shares of the company’s stock, valued at approximately $22,122,845.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO John W. Kosiba, Jr. sold 32,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $21.68, for a total value of $693,760.00. Following the sale, the chief financial officer now directly owns 316,136 shares in the company, valued at approximately $6,853,828.48. The disclosure for this sale can be found here. 4.40% of the stock is owned by corporate insiders.

American Superconductor Price Performance

AMSC traded up $0.43 during trading hours on Friday, hitting $20.22. 933,148 shares of the company’s stock were exchanged, compared to its average volume of 769,024. American Superconductor Co. has a 12-month low of $5.78 and a 12-month high of $32.70. The firm has a 50 day moving average of $23.78 and a 200 day moving average of $18.17.

American Superconductor (NASDAQ:AMSC) last posted its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.09. The business had revenue of $40.29 million for the quarter, compared to analyst estimates of $39.55 million. American Superconductor had a positive return on equity of 1.15% and a negative net margin of 5.29%. On average, research analysts forecast that American Superconductor Co. will post 0.17 earnings per share for the current fiscal year.

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.