Royce & Associates Trims Stake in American Superconductor

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Royce & Associates LP, an investment management firm, has trimmed its position in American Superconductor Corporation (NASDAQ:AMSC) by 55.9% during the third quarter, according to a recent 13F filing with the Securities and Exchange Commission (SEC). The firm now owns 357,580 shares of the technology company's stock, valued at approximately $21.24 million.

Why it matters

This move by a major institutional investor provides insight into market sentiment around American Superconductor, a technology company focused on power electronics and high-temperature superconductor systems. The reduction in Royce & Associates' stake could signal broader concerns about the company's performance or outlook.

The details

According to the 13F filing, Royce & Associates sold 454,152 shares of American Superconductor during the third quarter, reducing its total holding to 357,580 shares. The investment firm now owns approximately 0.79% of the technology company's outstanding stock.

• Royce & Associates trimmed its position in American Superconductor during the third quarter of the year.