Healthcare of Ontario Pension Plan Trust Fund Has $518,000 Stock Holdings 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 36.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,318 shares of the technology company’s stock after buying an additional 10,197 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.12% of American Superconductor worth $518,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Psagot Value Holdings Ltd. Israel acquired a new position in shares of American Superconductor during the 4th quarter worth about $33,000. AJOVista LLC acquired a new stake in American Superconductor in the 4th quarter valued at about $69,000. Hillsdale Investment Management Inc. acquired a new stake in American Superconductor in the 1st quarter valued at about $153,000. Citigroup Inc. acquired a new stake in American Superconductor in the 3rd quarter valued at about $92,000. Finally, Atria Wealth Solutions Inc. lifted its stake in American Superconductor by 18.8% in the 4th quarter. Atria Wealth Solutions Inc. now owns 14,469 shares of the technology company’s stock valued at $161,000 after purchasing an additional 2,294 shares during the last quarter. 52.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at American Superconductor

In other news, CEO Daniel P. Mcgahn sold 20,559 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $14.82, for a total transaction of $304,684.38. Following the transaction, the chief executive officer now directly owns 1,057,121 shares of the company’s stock, valued at $15,666,533.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Daniel P. Mcgahn sold 20,559 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $14.82, for a total transaction of $304,684.38. Following the transaction, the chief executive officer now directly owns 1,057,121 shares of the company’s stock, valued at $15,666,533.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John W. Kosiba, Jr. sold 29,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $14.82, for a total transaction of $429,780.00. Following the transaction, the chief financial officer now directly owns 348,136 shares in the company, valued at $5,159,375.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 118,724 shares of company stock valued at $2,234,333. 4.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AMSC has been the subject of several recent analyst reports. Roth Mkm raised their target price on shares of American Superconductor from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, June 13th. Oppenheimer raised their target price on shares of American Superconductor from $16.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, May 31st.

American Superconductor Price Performance

American Superconductor stock opened at $25.04 on Friday. American Superconductor Co. has a twelve month low of $5.78 and a twelve month high of $32.70. The company’s 50-day moving average price is $23.30 and its two-hundred day moving average price is $16.33.

American Superconductor (NASDAQ:AMSC) last released its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.08. The firm had revenue of $42.03 million for the quarter, compared to analysts’ expectations of $36.75 million. American Superconductor had a negative net margin of 7.63% and a negative return on equity of 4.26%. On average, analysts forecast that American Superconductor Co. will post -0.04 EPS for the current fiscal year.

About American Superconductor

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.