Hunter Associates Investment Management LLC Sells 13,200 Shares of Ampco-Pittsburgh Co. (NYSE:AP)

Hunter Associates Investment Management LLC decreased its holdings in shares of Ampco-Pittsburgh Co. (NYSE:AP) by 17.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,000 shares of the industrial products company’s stock after selling 13,200 shares during the period. Hunter Associates Investment Management LLC owned 0.32% of Ampco-Pittsburgh worth $175,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AP. Prudential Financial Inc. bought a new position in shares of Ampco-Pittsburgh in the 1st quarter worth approximately $30,000. NewEdge Advisors LLC raised its position in shares of Ampco-Pittsburgh by 15.7% in the 2nd quarter. NewEdge Advisors LLC now owns 22,146 shares of the industrial products company’s stock worth $86,000 after acquiring an additional 3,000 shares in the last quarter. Tejara Capital Ltd bought a new position in shares of Ampco-Pittsburgh in the 4th quarter worth approximately $114,000. Geode Capital Management LLC raised its position in shares of Ampco-Pittsburgh by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 94,653 shares of the industrial products company’s stock worth $237,000 after acquiring an additional 3,532 shares in the last quarter. Finally, State Street Corp raised its position in shares of Ampco-Pittsburgh by 6.1% in the 1st quarter. State Street Corp now owns 38,516 shares of the industrial products company’s stock worth $243,000 after acquiring an additional 2,209 shares in the last quarter. Institutional investors own 49.16% of the company’s stock.

Ampco-Pittsburgh Stock Down 1.8 %

AP stock traded down $0.04 on Friday, reaching $2.18. 13,123 shares of the company traded hands, compared to its average volume of 39,414. Ampco-Pittsburgh Co. has a one year low of $2.09 and a one year high of $4.00. The company has a quick ratio of 0.96, a current ratio of 2.02 and a debt-to-equity ratio of 1.63. The firm has a fifty day simple moving average of $2.41 and a 200-day simple moving average of $2.56.

Ampco-Pittsburgh (NYSE:AP) last posted its quarterly earnings data on Monday, March 25th. The industrial products company reported ($2.12) earnings per share for the quarter. Ampco-Pittsburgh had a negative net margin of 9.45% and a negative return on equity of 38.27%. The company had revenue of $108.11 million for the quarter.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Ampco-Pittsburgh in a research report on Tuesday. They issued a “buy” rating for the company.

Ampco-Pittsburgh Company Profile

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 (FCEG); and Air and Liquid Processing (ALP) segments.