Renaissance Technologies LLC Sells 16,800 Shares of Ampco-Pittsburgh Co. (NYSE:AP)

Renaissance Technologies LLC lowered its stake in shares of Ampco-Pittsburgh Co. (NYSE:AP) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 436,619 shares of the industrial products company’s stock after selling 16,800 shares during the quarter. Renaissance Technologies LLC’s holdings in Ampco-Pittsburgh were worth $913,000 at the end of the most recent reporting period.

Separately, State Street Corp increased its position in Ampco-Pittsburgh by 92.7% during the third quarter. State Street Corp now owns 74,216 shares of the industrial products company’s stock worth $148,000 after acquiring an additional 35,700 shares during the period. 49.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Ampco-Pittsburgh in a report on Monday. They issued a “hold” rating on the stock.

Ampco-Pittsburgh Trading Up 4.0 %

Shares of Ampco-Pittsburgh stock opened at $2.08 on Thursday. The firm has a market capitalization of $41.80 million, a PE ratio of -0.92 and a beta of 0.99. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.99 and a quick ratio of 0.98. The company’s fifty day moving average price is $2.02 and its two-hundred day moving average price is $2.06. Ampco-Pittsburgh Co. has a 52-week low of $0.74 and a 52-week high of $2.79.

Ampco-Pittsburgh (NYSE:AP) last announced its quarterly earnings results on Wednesday, March 12th. The industrial products company reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $100.94 million for the quarter. Ampco-Pittsburgh had a negative net margin of 10.46% and a negative return on equity of 63.13%.

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.