QV Investors Inc. raised its stake in Ampco-Pittsburgh Corporation (NYSE:AP) by 0.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 411,285 shares of the industrial products company’s stock after buying an additional 1,070 shares during the period. QV Investors Inc.’s holdings in Ampco-Pittsburgh Corporation were worth $6,066,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rhumbline Advisers purchased a new stake in shares of Ampco-Pittsburgh Corporation during the second quarter worth approximately $152,000. Bank of America Corp DE boosted its stake in shares of Ampco-Pittsburgh Corporation by 1.9% in the first quarter. Bank of America Corp DE now owns 16,523 shares of the industrial products company’s stock worth $232,000 after buying an additional 315 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Ampco-Pittsburgh Corporation by 1.5% in the first quarter. Parametric Portfolio Associates LLC now owns 16,643 shares of the industrial products company’s stock worth $234,000 after buying an additional 243 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Ampco-Pittsburgh Corporation by 66.3% in the first quarter. Acadian Asset Management LLC now owns 17,416 shares of the industrial products company’s stock worth $244,000 after buying an additional 6,945 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of Ampco-Pittsburgh Corporation by 10.9% in the fourth quarter. Teachers Advisors LLC now owns 14,966 shares of the industrial products company’s stock worth $251,000 after buying an additional 1,467 shares in the last quarter. Institutional investors and hedge funds own 56.47% of the company’s stock.

Shares of Ampco-Pittsburgh Corporation (AP) traded down 1.09% during mid-day trading on Friday, reaching $13.55. 16,236 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $14.19 and its 200 day moving average price is $14.80. Ampco-Pittsburgh Corporation has a 52-week low of $9.34 and a 52-week high of $18.25. The company’s market cap is $166.26 million.

Ampco-Pittsburgh Corporation (NYSE:AP) last posted its earnings results on Tuesday, August 8th. The industrial products company reported ($0.16) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.04. Ampco-Pittsburgh Corporation had a negative net margin of 18.73% and a negative return on equity of 25.72%. The firm had revenue of $110.55 million during the quarter, compared to analyst estimates of $108 million. On average, equities research analysts predict that Ampco-Pittsburgh Corporation will post ($0.48) EPS for the current year.

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A number of analysts have commented on the stock. Janney Montgomery Scott upgraded shares of Ampco-Pittsburgh Corporation from a “neutral” rating to a “buy” rating and increased their price target for the company from $16.00 to $22.00 in a research note on Wednesday. Zacks Investment Research upgraded shares of Ampco-Pittsburgh Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, ValuEngine upgraded shares of Ampco-Pittsburgh Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 20th.

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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