Gamco Investors INC. ET AL Sells 1,766,854 Shares of Ampco-Pittsburgh Corporation $AP

Gamco Investors INC. ET AL cut its stake in Ampco-Pittsburgh Corporation (NYSE:AP) by 42.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,384,210 shares of the industrial products company’s stock after selling 1,766,854 shares during the quarter. Gamco Investors INC. ET AL owned about 11.74% of Ampco-Pittsburgh worth $5,460,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of Ampco-Pittsburgh by 2.8% in the 2nd quarter. Geode Capital Management LLC now owns 162,066 shares of the industrial products company’s stock worth $480,000 after acquiring an additional 4,339 shares during the last quarter. Bailard Inc. grew its holdings in Ampco-Pittsburgh by 59.5% during the 2nd quarter. Bailard Inc. now owns 19,934 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 7,434 shares during the last quarter. Jane Street Group LLC bought a new position in Ampco-Pittsburgh during the 2nd quarter valued at about $30,000. Group One Trading LLC purchased a new stake in Ampco-Pittsburgh in the 2nd quarter worth about $43,000. Finally, Ameriprise Financial Inc. raised its position in Ampco-Pittsburgh by 3.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,159,681 shares of the industrial products company’s stock worth $3,433,000 after purchasing an additional 33,950 shares during the period. 49.16% of the stock is owned by hedge funds and other institutional investors.

Ampco-Pittsburgh Trading Down 10.9%

NYSE AP opened at $8.22 on Monday. The stock has a market cap of $167.11 million, a PE ratio of -32.88 and a beta of 0.69. Ampco-Pittsburgh Corporation has a 12 month low of $1.75 and a 12 month high of $9.69. The company’s 50-day moving average price is $6.85 and its 200-day moving average price is $4.14. The company has a current ratio of 1.84, a quick ratio of 0.96 and a debt-to-equity ratio of 1.60.

Analyst Ratings Changes

AP has been the subject of several recent analyst reports. Wall Street Zen lowered Ampco-Pittsburgh from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ampco-Pittsburgh in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Ampco-Pittsburgh Company Profile

Ampco-Pittsburgh Corporation is a U.S.-based specialty metals manufacturer that produces cast and forged components for a range of industrial markets. The company’s primary offerings include custom-designed forged rolls, grinding rolls and specialty bars for the steel and metal processing industries. In addition, Ampco-Pittsburgh supplies precision couplings, gears and die components for original equipment manufacturers in sectors such as mining, power generation and heavy machinery.

The company operates multiple production facilities in North America, where it employs advanced melting, heat-treating and machining processes to deliver components with tight tolerances and enhanced wear resistance.