Ampco-Pittsburgh Corp (AP) Major Shareholder Sells $11,863.60 in Stock

Ampco-Pittsburgh Corp (NYSE:AP) major shareholder Louis Berkman Investment Co sold 1,064 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $11.15, for a total transaction of $11,863.60. Following the sale, the insider now owns 1,392,974 shares of the company’s stock, valued at $15,531,660.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Louis Berkman Investment Co also recently made the following trade(s):

  • On Friday, February 9th, Louis Berkman Investment Co sold 20,097 shares of Ampco-Pittsburgh stock. The stock was sold at an average price of $11.24, for a total transaction of $225,890.28.
  • On Wednesday, February 7th, Louis Berkman Investment Co sold 2,532 shares of Ampco-Pittsburgh stock. The stock was sold at an average price of $12.05, for a total transaction of $30,510.60.
  • On Monday, February 5th, Louis Berkman Investment Co sold 2,800 shares of Ampco-Pittsburgh stock. The stock was sold at an average price of $13.05, for a total transaction of $36,540.00.
  • On Friday, February 2nd, Louis Berkman Investment Co sold 1,513 shares of Ampco-Pittsburgh stock. The stock was sold at an average price of $13.15, for a total transaction of $19,895.95.
  • On Wednesday, January 31st, Louis Berkman Investment Co sold 1,226 shares of Ampco-Pittsburgh stock. The stock was sold at an average price of $13.55, for a total transaction of $16,612.30.
  • On Monday, January 29th, Louis Berkman Investment Co sold 1,158 shares of Ampco-Pittsburgh stock. The stock was sold at an average price of $14.86, for a total transaction of $17,207.88.

Ampco-Pittsburgh Corp (NYSE:AP) traded down $0.50 during mid-day trading on Tuesday, reaching $10.30. 66,342 shares of the company were exchanged, compared to its average volume of 34,936. Ampco-Pittsburgh Corp has a 12 month low of $9.60 and a 12 month high of $18.59. The company has a market capitalization of $127.32, a P/E ratio of -2.43 and a beta of 1.60. The company has a current ratio of 1.68, a quick ratio of 0.98 and a debt-to-equity ratio of 0.30.

A number of hedge funds have recently added to or reduced their stakes in AP. Rhumbline Advisers bought a new position in Ampco-Pittsburgh in the second quarter worth about $152,000. Teachers Advisors LLC increased its stake in shares of Ampco-Pittsburgh by 29.6% during the second quarter. Teachers Advisors LLC now owns 19,392 shares of the industrial products company’s stock valued at $286,000 after purchasing an additional 4,426 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Ampco-Pittsburgh by 6.3% during the second quarter. TIAA CREF Investment Management LLC now owns 22,487 shares of the industrial products company’s stock valued at $332,000 after purchasing an additional 1,324 shares in the last quarter. Ameriprise Financial Inc. bought a new position in shares of Ampco-Pittsburgh during the second quarter valued at approximately $205,000. Finally, Nationwide Fund Advisors increased its stake in shares of Ampco-Pittsburgh by 36.4% during the second quarter. Nationwide Fund Advisors now owns 9,804 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 2,615 shares in the last quarter. 56.25% of the stock is owned by institutional investors.

A number of research firms have recently weighed in on AP. Zacks Investment Research lowered shares of Ampco-Pittsburgh from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. ValuEngine downgraded shares of Ampco-Pittsburgh from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $22.00.

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About Ampco-Pittsburgh

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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