Menta Capital LLC lowered its stake in Ampco-Pittsburgh Corporation (NYSE:AP) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,819 shares of the industrial products company’s stock after selling 197 shares during the period. Menta Capital LLC owned about 0.14% of Ampco-Pittsburgh Corporation worth $248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Nationwide Fund Advisors raised its position in shares of Ampco-Pittsburgh Corporation by 36.4% during the 2nd quarter. Nationwide Fund Advisors now owns 9,804 shares of the industrial products company’s stock worth $145,000 after acquiring an additional 2,615 shares in the last quarter. Rhumbline Advisers acquired a new stake in shares of Ampco-Pittsburgh Corporation during the 2nd quarter worth about $152,000. Ameriprise Financial Inc. acquired a new stake in shares of Ampco-Pittsburgh Corporation during the 2nd quarter worth about $205,000. Bank of America Corp DE raised its position in shares of Ampco-Pittsburgh Corporation by 1.9% during the 1st quarter. Bank of America Corp DE now owns 16,523 shares of the industrial products company’s stock worth $232,000 after acquiring an additional 315 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of Ampco-Pittsburgh Corporation by 1.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 16,643 shares of the industrial products company’s stock worth $234,000 after acquiring an additional 243 shares in the last quarter. 57.04% of the stock is currently owned by institutional investors.

Several equities research analysts have recently weighed in on the company. Janney Montgomery Scott raised Ampco-Pittsburgh Corporation from a “neutral” rating to a “buy” rating and raised their target price for the stock from $16.00 to $22.00 in a research report on Wednesday, August 9th. Zacks Investment Research raised Ampco-Pittsburgh Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, ValuEngine raised Ampco-Pittsburgh Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st.

Shares of Ampco-Pittsburgh Corporation (AP) opened at 17.00 on Thursday. Ampco-Pittsburgh Corporation has a 12 month low of $10.22 and a 12 month high of $18.25. The firm’s market cap is $210.12 million. The stock’s 50 day moving average price is $15.98 and its 200 day moving average price is $15.03.

Ampco-Pittsburgh Corporation (NYSE:AP) last released its quarterly earnings results on Tuesday, August 8th. The industrial products company reported ($0.16) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.04. Ampco-Pittsburgh Corporation had a negative return on equity of 25.72% and a negative net margin of 18.73%. The business had revenue of $110.55 million for the quarter, compared to analysts’ expectations of $108.00 million. Equities research analysts predict that Ampco-Pittsburgh Corporation will post ($0.48) earnings per share for the current fiscal year.

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About Ampco-Pittsburgh Corporation

Ampco-Pittsburgh Corporation is engaged in manufacturing and selling specialty metal products and customized equipment utilized by industry throughout the world. The Company operates through two segments: the Forged and Cast Engineered Products segment, and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment consists of Union Electric Steel Corporation (Union Electric Steel or UES) and Union Electric Steel UK Limited (UES-UK).

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Institutional Ownership by Quarter for Ampco-Pittsburgh Corporation (NYSE:AP)

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