Louis Berkman Investment Co Sells 3,194 Shares of Ampco-Pittsburgh Corp (AP) Stock

Ampco-Pittsburgh Corp (NYSE:AP) major shareholder Louis Berkman Investment Co sold 3,194 shares of Ampco-Pittsburgh stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $11.01, for a total value of $35,165.94. Following the transaction, the insider now owns 1,379,506 shares in the company, valued at approximately $15,188,361.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares 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 16th, Louis Berkman Investment Co sold 10,100 shares of Ampco-Pittsburgh stock. The shares were sold at an average price of $11.07, for a total value of $111,807.00.
  • On Monday, February 12th, Louis Berkman Investment Co sold 1,064 shares of Ampco-Pittsburgh stock. The shares were sold at an average price of $11.15, for a total value of $11,863.60.
  • On Friday, February 9th, Louis Berkman Investment Co sold 20,097 shares of Ampco-Pittsburgh stock. The shares were sold at an average price of $11.24, for a total value of $225,890.28.
  • On Wednesday, February 7th, Louis Berkman Investment Co sold 2,532 shares of Ampco-Pittsburgh stock. The shares were sold at an average price of $12.05, for a total value of $30,510.60.
  • On Monday, February 5th, Louis Berkman Investment Co sold 2,800 shares of Ampco-Pittsburgh stock. The shares were sold at an average price of $13.05, for a total value of $36,540.00.
  • On Friday, February 2nd, Louis Berkman Investment Co sold 1,513 shares of Ampco-Pittsburgh stock. The shares were sold at an average price of $13.15, for a total value of $19,895.95.
  • On Wednesday, January 31st, Louis Berkman Investment Co sold 1,226 shares of Ampco-Pittsburgh stock. The shares were sold at an average price of $13.55, for a total value of $16,612.30.
  • On Monday, January 29th, Louis Berkman Investment Co sold 1,158 shares of Ampco-Pittsburgh stock. The shares were sold at an average price of $14.86, for a total value of $17,207.88.

Ampco-Pittsburgh Corp (AP) traded down $0.15 on Wednesday, reaching $10.85. The company had a trading volume of 39,819 shares, compared to its average volume of 36,829. Ampco-Pittsburgh Corp has a 1 year low of $9.60 and a 1 year high of $18.59. The firm has a market cap of $135.98, a PE ratio of -2.57 and a beta of 1.61. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.68 and a quick ratio of 0.98.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. acquired a new position in Ampco-Pittsburgh during the 3rd quarter worth $132,000. Nationwide Fund Advisors grew its stake in Ampco-Pittsburgh 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 purchasing an additional 2,615 shares in the last quarter. Wells Fargo & Company MN grew its stake in Ampco-Pittsburgh by 137.8% during the 4th quarter. Wells Fargo & Company MN now owns 14,950 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 8,664 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in Ampco-Pittsburgh during the 2nd quarter worth $205,000. Finally, ClariVest Asset Management LLC acquired a new position in Ampco-Pittsburgh during the 3rd quarter worth $220,000. 56.89% of the stock is owned by hedge funds and other institutional investors.

AP has been the subject of a number of research reports. Zacks Investment Research cut Ampco-Pittsburgh from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. ValuEngine cut Ampco-Pittsburgh from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus 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).

Insider Buying and Selling by Quarter for Ampco-Pittsburgh (NYSE:AP)

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