Ampco-Pittsburgh Co. (NYSE:AP) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in shares of Ampco-Pittsburgh Co. (NYSE:AP) by 38.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 152,111 shares of the industrial products company’s stock after acquiring an additional 42,305 shares during the period. Geode Capital Management LLC owned approximately 0.76% of Ampco-Pittsburgh worth $304,000 as of its most recent SEC filing.

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

Ampco-Pittsburgh Trading Down 5.3 %

NYSE AP opened at $2.16 on Tuesday. The firm has a 50 day simple moving average of $2.00 and a 200-day simple moving average of $1.80. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.98 and a current ratio of 1.99. Ampco-Pittsburgh Co. has a one year low of $0.74 and a one year high of $2.77. The firm has a market cap of $43.40 million, a price-to-earnings ratio of -0.96 and a beta of 0.95.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Ampco-Pittsburgh in a research note on Tuesday. They issued a “hold” rating for the company.

Ampco-Pittsburgh Profile

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.