Connor Clark & Lunn Investment Management Ltd. Has $6.83 Million Holdings in American Superconductor Co. (NASDAQ:AMSC)

Connor Clark & Lunn Investment Management Ltd. trimmed its stake in American Superconductor Co. (NASDAQ:AMSC) by 35.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 277,250 shares of the technology company’s stock after selling 149,011 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.70% of American Superconductor worth $6,829,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in shares of American Superconductor in the 4th quarter worth approximately $10,188,000. Charles Schwab Investment Management Inc. lifted its holdings in American Superconductor by 211.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 304,528 shares of the technology company’s stock valued at $7,187,000 after buying an additional 206,655 shares during the period. State Street Corp boosted its position in American Superconductor by 18.3% during the third quarter. State Street Corp now owns 906,250 shares of the technology company’s stock valued at $21,388,000 after acquiring an additional 140,106 shares during the last quarter. KBC Group NV acquired a new stake in American Superconductor during the 4th quarter worth about $2,492,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of American Superconductor in the 3rd quarter worth about $1,424,000. 52.28% of the stock is owned by institutional investors.

American Superconductor Trading Up 7.3 %

NASDAQ:AMSC opened at $20.00 on Friday. American Superconductor Co. has a 12 month low of $11.36 and a 12 month high of $38.02. The stock has a market capitalization of $789.20 million, a price-to-earnings ratio of 285.76 and a beta of 2.45. The firm has a fifty day simple moving average of $26.19 and a two-hundred day simple moving average of $26.02.

American Superconductor (NASDAQ:AMSC) last issued its earnings results on Wednesday, February 5th. The technology company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. Equities analysts predict that American Superconductor Co. will post 0.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Oppenheimer upped their target price on American Superconductor from $33.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, February 7th.

American Superconductor 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.