Ampco-Pittsburgh Corporation $AP Shares Bought by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lifted its holdings in shares of Ampco-Pittsburgh Corporation (NYSE:AP) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,470,828 shares of the industrial products company’s stock after buying an additional 86,618 shares during the period. Gamco Investors INC. ET AL owned approximately 0.12% of Ampco-Pittsburgh worth $13,170,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in AP. Geode Capital Management LLC boosted its stake in shares of 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 buying an additional 4,339 shares during the period. Jane Street Group LLC acquired a new stake in shares of Ampco-Pittsburgh during the second quarter worth about $30,000. Ameriprise Financial Inc. boosted its stake in shares of Ampco-Pittsburgh by 3.0% during the second 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. Group One Trading LLC acquired a new stake in shares of Ampco-Pittsburgh during the second quarter worth about $43,000. Finally, Vanguard Group Inc. boosted its stake in shares of Ampco-Pittsburgh by 6.0% during the third 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 during the period. Institutional investors and hedge funds own 49.16% of the company’s stock.

Ampco-Pittsburgh Price Performance

Shares of NYSE:AP opened at $9.54 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.75 and a debt-to-equity ratio of 2.42. The company has a market cap of $193.89 million, a P/E ratio of -2.84 and a beta of 1.25. Ampco-Pittsburgh Corporation has a 52 week low of $1.75 and a 52 week high of $12.30. The company has a 50-day moving average price of $8.95 and a 200 day moving average price of $6.38.

Ampco-Pittsburgh (NYSE:AP) last announced its quarterly earnings data on Tuesday, May 12th. The industrial products company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). The firm had revenue of $103.13 million during the quarter, compared to analyst estimates of $84.90 million. Ampco-Pittsburgh had a negative net margin of 15.53% and a negative return on equity of 7.56%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, CEO Brett Mcbrayer acquired 7,500 shares of Ampco-Pittsburgh stock in a transaction that occurred on Thursday, March 19th. The stock was purchased at an average price of $6.67 per share, for a total transaction of $50,025.00. Following the completion of the transaction, the chief executive officer directly owned 585,731 shares in the company, valued at approximately $3,906,825.77. This trade represents a 1.30% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 23.48% of the stock is currently owned by insiders.

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.