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

Gamco Investors INC. ET AL decreased its position in Ampco-Pittsburgh Corporation (NYSE:AP) by 42.6% in the third quarter, Holdings Channel reports. The firm owned 2,384,210 shares of the industrial products company’s stock after selling 1,766,854 shares during the period. Gamco Investors INC. ET AL owned 0.12% of Ampco-Pittsburgh worth $5,460,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AP. Teton Advisors LLC purchased a new position in Ampco-Pittsburgh during the 3rd quarter worth $248,000. Bailard Inc. lifted its holdings in shares of Ampco-Pittsburgh by 59.5% in the 2nd quarter. Bailard Inc. now owns 19,934 shares of the industrial products company’s stock worth $59,000 after buying an additional 7,434 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of 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 buying an additional 33,950 shares during the period. Vanguard Group Inc. grew its position in shares of Ampco-Pittsburgh by 6.0% during the 3rd quarter. Vanguard Group Inc. now owns 667,704 shares of the industrial products company’s stock worth $1,529,000 after buying an additional 38,021 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Ampco-Pittsburgh by 2.8% during the 2nd quarter. Geode Capital Management LLC now owns 162,066 shares of the industrial products company’s stock worth $480,000 after buying an additional 4,339 shares in the last quarter. Institutional investors own 49.16% of the company’s stock.

Ampco-Pittsburgh Stock Down 10.9%

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on AP shares. Weiss Ratings restated a “sell (d-)” rating on shares of Ampco-Pittsburgh in a report on Wednesday, January 21st. Wall Street Zen cut shares of Ampco-Pittsburgh from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Ampco-Pittsburgh has a consensus rating of “Sell”.

Ampco-Pittsburgh 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.