Royce & Associates Holds 1.24M AMSC Shares as of Dec 31
Ticker: AMSC · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 880807
| Field | Detail |
|---|---|
| Company | American Superconductor CORP /De/ (AMSC) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**Royce & Associates still owns 1.24M shares of AMSC, watch for future changes.**
AI Summary
Royce & Associates, LP, an investment firm, filed an amended SC 13G/A on January 30, 2024, disclosing its beneficial ownership in American Superconductor Corporation (AMSC) as of December 31, 2023. The filing indicates Royce & Associates, LP holds sole voting and sole dispositive power over 1,245,860 shares of AMSC's Common Stock. This represents a significant stake, and any future changes in their holdings could influence the stock price due to their substantial position.
Why It Matters
This filing updates Royce & Associates, LP's ownership stake in American Superconductor, providing transparency to investors about a major institutional holder's position. Significant changes in institutional ownership can signal confidence or concern in the company's future prospects.
Risk Assessment
Risk Level: low — This is an informational filing updating an existing ownership stake, not indicating a major change that would significantly alter the company's risk profile.
Analyst Insight
Investors should note that a major institutional investor, Royce & Associates, LP, continues to hold a substantial position in American Superconductor Corporation. While this filing doesn't indicate a change in strategy, it confirms their ongoing interest. Future filings (like 13F or subsequent 13G/A amendments) should be monitored for any significant increases or decreases in their holdings, which could signal a shift in their outlook on AMSC.
Key Numbers
- 1,245,860 — Shares Beneficially Owned (Represents the total number of shares of American Superconductor Corporation's Common Stock held by Royce & Associates, LP with sole voting and dispositive power as of December 31, 2023.)
Key Players & Entities
- Royce & Associates, LP (company) — the reporting person and investment firm
- American Superconductor Corporation (company) — the issuer of the securities
- 1,245,860 (dollar_amount) — shares beneficially owned by Royce & Associates, LP
- December 31, 2023 (date) — the date of the event requiring the filing
- January 30, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- Royce & Associates, LP will maintain a significant stake in American Superconductor Corporation for the foreseeable future. (Royce & Associates, LP) — medium confidence, target: Q2 2024
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No. 2) to an earlier Schedule 13G, providing updated information on the beneficial ownership of American Superconductor Corporation's Common Stock by Royce & Associates, LP as of December 31, 2023.
Who is the reporting person in this filing?
The reporting person is Royce & Associates, LP, with IRS Identification No. 52-2343049, located at 745 Fifth Avenue, New York, NY 10151.
What type of securities are covered by this filing?
The filing covers Common Stock of American Superconductor Corporation, identified by CUSIP Number 030111207.
How many shares does Royce & Associates, LP beneficially own with sole voting power?
Royce & Associates, LP beneficially owns 1,245,860 shares with sole voting power, as stated in item 5 of the cover page.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding AMERICAN SUPERCONDUCTOR CORP /DE/ (AMSC).