Teton Advisors LLC Invests $248,000 in Ampco-Pittsburgh Corporation $AP

Teton Advisors LLC acquired a new stake in Ampco-Pittsburgh Corporation (NYSE:AP) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 108,500 shares of the industrial products company’s stock, valued at approximately $248,000.

Other large investors have also bought and sold shares of the company. Geode Capital Management LLC grew its holdings in Ampco-Pittsburgh by 2.8% during the second 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 period. Bailard Inc. lifted its holdings in Ampco-Pittsburgh by 59.5% in the 2nd quarter. Bailard Inc. now owns 19,934 shares of the industrial products company’s stock valued at $59,000 after acquiring an additional 7,434 shares during the last quarter. Jane Street Group LLC acquired a new stake in Ampco-Pittsburgh in the 2nd quarter valued at about $30,000. Ameriprise Financial Inc. boosted its position in shares of Ampco-Pittsburgh by 3.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,159,681 shares of the industrial products company’s stock valued at $3,433,000 after purchasing an additional 33,950 shares in the last quarter. Finally, Group One Trading LLC bought a new position in shares of Ampco-Pittsburgh during the 2nd quarter valued at about $43,000. Institutional investors own 49.16% of the company’s stock.

Ampco-Pittsburgh Trading Down 10.9%

Shares of NYSE AP opened at $8.22 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.84 and a debt-to-equity ratio of 1.60. Ampco-Pittsburgh Corporation has a 12 month low of $1.75 and a 12 month high of $9.69. The company has a market cap of $167.11 million, a price-to-earnings ratio of -32.88 and a beta of 0.70. The business has a fifty day simple moving average of $6.85 and a 200-day simple moving average of $4.13.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AP shares. Weiss Ratings reiterated 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 data from MarketBeat, Ampco-Pittsburgh currently has an average rating of “Sell”.

About Ampco-Pittsburgh

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.