Ampco-Pittsburgh (NYSE:AP) Major Shareholder Purchases $248,310.00 in Stock

Ampco-Pittsburgh Corporation (NYSE:AP - Get Free Report) major shareholder Louis Berkman Investment Co bought 93,000 shares of the business's stock in a transaction dated Monday, November 17th. The shares were bought at an average price of $2.67 per share, with a total value of $248,310.00. Following the completion of the transaction, the insider owned 3,127,792 shares in the company, valued at approximately $8,351,204.64. This trade represents a 3.06% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

Ampco-Pittsburgh Price Performance

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Shares of Ampco-Pittsburgh stock traded up $0.24 on Wednesday, reaching $2.69. 94,521 shares of the stock were exchanged, compared to its average volume of 61,177. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.91 and a current ratio of 1.80. The firm has a market cap of $54.58 million, a PE ratio of -11.18 and a beta of 0.89. The firm's 50 day moving average is $2.26 and its 200-day moving average is $2.78. Ampco-Pittsburgh Corporation has a one year low of $1.75 and a one year high of $3.99.

Ampco-Pittsburgh (NYSE:AP - Get Free Report) last announced its quarterly earnings data on Wednesday, November 12th. The industrial products company reported $0.04 EPS for the quarter. The business had revenue of $108.01 million during the quarter. Ampco-Pittsburgh had a negative net margin of 1.22% and a positive return on equity of 1.40%.

Hedge Funds Weigh In On Ampco-Pittsburgh

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Hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in Ampco-Pittsburgh during the second quarter valued at $30,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Ampco-Pittsburgh during the 2nd quarter valued at about $32,000. Group One Trading LLC acquired a new stake in Ampco-Pittsburgh during the second quarter worth approximately $43,000. Bailard Inc. increased its holdings in Ampco-Pittsburgh by 59.5% in the second quarter. Bailard Inc. now owns 19,934 shares of the industrial products company's stock worth $59,000 after purchasing an additional 7,434 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in Ampco-Pittsburgh in the third quarter valued at approximately $72,000. Institutional investors own 49.16% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on AP. Weiss Ratings restated a "sell (d-)" rating on shares of Ampco-Pittsburgh in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Ampco-Pittsburgh from a "buy" rating to a "hold" rating in a report on Monday, August 18th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Ampco-Pittsburgh presently has a consensus rating of "Sell".

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View Our Latest Analysis on AP

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.

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