Gabelli Funds LLC Sells 16,300 Shares of Ampco-Pittsburgh Corp (NYSE:AP)
Gabelli Funds LLC cut its position in Ampco-Pittsburgh Corp (NYSE:AP) by 3.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 448,000 shares of the industrial products company’s stock after selling 16,300 shares during the quarter. Gabelli Funds LLC owned about 3.54% of Ampco-Pittsburgh worth $1,649,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Alambic Investment Management L.P. lifted its position in shares of Ampco-Pittsburgh by 4.1% during the 2nd quarter. Alambic Investment Management L.P. now owns 127,554 shares of the industrial products company’s stock valued at $514,000 after acquiring an additional 5,072 shares during the period. Renaissance Technologies LLC lifted its position in shares of Ampco-Pittsburgh by 9.4% during the 2nd quarter. Renaissance Technologies LLC now owns 477,024 shares of the industrial products company’s stock valued at $1,922,000 after acquiring an additional 41,000 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Ampco-Pittsburgh by 154.7% during the 2nd quarter. Vanguard Group Inc. now owns 630,648 shares of the industrial products company’s stock valued at $2,542,000 after acquiring an additional 383,042 shares during the period. Hedge funds and other institutional investors own 47.24% of the company’s stock.
Shares of NYSE:AP traded down $0.17 during trading on Friday, reaching $3.83. 17,860 shares of the company traded hands, compared to its average volume of 35,754. The company’s 50 day moving average is $3.88 and its two-hundred day moving average is $3.85. The firm has a market capitalization of $49.55 million, a PE ratio of -4.03 and a beta of 1.17. The company has a quick ratio of 0.88, a current ratio of 1.52 and a debt-to-equity ratio of 0.78. Ampco-Pittsburgh Corp has a 52 week low of $2.79 and a 52 week high of $5.05.
Separately, ValuEngine upgraded Ampco-Pittsburgh from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th.
Ampco-Pittsburgh Corporation, together with its subsidiaries, manufactures and sells custom designed engineering products to commercial and industrial users in the United States and internationally. The company operates in two segments, Forged and Cast Engineered Products; and Air and Liquid Processing.
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