Virtu Financial LLC Trims Stake in Ampco-Pittsburgh Co. (NYSE:AP)

Virtu Financial LLC trimmed its position in Ampco-Pittsburgh Co. (NYSE:AP) by 19.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,906 shares of the industrial products company’s stock after selling 5,326 shares during the quarter. Virtu Financial LLC owned 0.11% of Ampco-Pittsburgh worth $44,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp lifted its stake in shares of Ampco-Pittsburgh by 92.7% during the 3rd quarter. State Street Corp now owns 74,216 shares of the industrial products company’s stock worth $148,000 after purchasing an additional 35,700 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Ampco-Pittsburgh by 38.5% during the third quarter. Geode Capital Management LLC now owns 152,111 shares of the industrial products company’s stock valued at $304,000 after buying an additional 42,305 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Ampco-Pittsburgh by 12.7% in the 2nd quarter. Renaissance Technologies LLC now owns 556,396 shares of the industrial products company’s stock valued at $428,000 after buying an additional 62,593 shares in the last quarter. Institutional investors own 49.16% of the company’s stock.

Analysts Set New Price Targets

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

Ampco-Pittsburgh Stock Down 1.3 %

Ampco-Pittsburgh stock opened at $2.26 on Friday. Ampco-Pittsburgh Co. has a 1-year low of $0.74 and a 1-year high of $2.80. The business has a fifty day moving average price of $1.99 and a 200-day moving average price of $1.77. 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 stock has a market capitalization of $45.41 million, a price-to-earnings ratio of -1.00 and a beta of 0.95.

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.