Ampco-Pittsburgh Co. (NYSE:AP) Stock Position Decreased by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC cut its stake in shares of Ampco-Pittsburgh Co. (NYSE:AP) by 34.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,000 shares of the industrial products company’s stock after selling 13,000 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Ampco-Pittsburgh were worth $52,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AP. State Street Corp boosted its position in shares of Ampco-Pittsburgh by 92.7% in the third quarter. State Street Corp now owns 74,216 shares of the industrial products company’s stock worth $148,000 after buying an additional 35,700 shares during the period. Geode Capital Management LLC raised its holdings in shares of Ampco-Pittsburgh by 38.5% during the third quarter. Geode Capital Management LLC now owns 152,111 shares of the industrial products company’s stock worth $304,000 after acquiring an additional 42,305 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Ampco-Pittsburgh by 12.7% during the second quarter. Renaissance Technologies LLC now owns 556,396 shares of the industrial products company’s stock worth $428,000 after acquiring an additional 62,593 shares in the last quarter. 49.16% of the stock is owned by institutional investors.

Ampco-Pittsburgh Price Performance

Shares of NYSE:AP opened at $2.49 on Friday. The company has a current ratio of 1.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.57. Ampco-Pittsburgh Co. has a 1 year low of $0.74 and a 1 year high of $2.79. The business has a fifty day simple moving average of $2.21 and a 200 day simple moving average of $1.94. The firm has a market cap of $49.92 million, a price-to-earnings ratio of -1.10 and a beta of 0.95.

Ampco-Pittsburgh (NYSE:AP) last announced its quarterly earnings data on Tuesday, November 12th. The industrial products company reported ($0.10) earnings per share (EPS) for the quarter. Ampco-Pittsburgh had a negative return on equity of 63.13% and a negative net margin of 10.46%. The firm had revenue of $96.17 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Ampco-Pittsburgh in a report on Thursday. They set a “hold” rating for the company.

About Ampco-Pittsburgh

Ampco-Pittsburgh Corporation, together with its subsidiaries, engages in manufacture and sale of specialty metal products and customized equipment to commercial and industrial users worldwide. The company operates through Forged and Cast Engineered Products (FCEP); and Air and Liquid Processing (ALP) segments.