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

Virtu Financial LLC reduced its holdings in Ampco-Pittsburgh Co. (NYSE:AP) by 19.6% during the 3rd quarter, Holdings Channel reports. The fund owned 21,906 shares of the industrial products company’s stock after selling 5,326 shares during the period. Virtu Financial LLC’s holdings in Ampco-Pittsburgh were worth $44,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in AP. Renaissance Technologies LLC lifted its holdings in Ampco-Pittsburgh by 12.7% in the second quarter. Renaissance Technologies LLC now owns 556,396 shares of the industrial products company’s stock valued at $428,000 after acquiring an additional 62,593 shares during the period. Geode Capital Management LLC increased its holdings in shares of Ampco-Pittsburgh by 38.5% during the 3rd quarter. Geode Capital Management LLC now owns 152,111 shares of the industrial products company’s stock valued at $304,000 after purchasing an additional 42,305 shares in the last quarter. Finally, State Street Corp increased its holdings 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 valued at $148,000 after purchasing an additional 35,700 shares in the last quarter. 49.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Ampco-Pittsburgh Price Performance

NYSE:AP opened at $2.26 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.99 and a debt-to-equity ratio of 1.57. Ampco-Pittsburgh Co. has a 52 week low of $0.74 and a 52 week high of $2.80. The stock’s 50-day moving average price is $1.99 and its 200-day moving average price is $1.77. The stock has a market capitalization of $45.41 million, a PE 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.