Traders are feeling more bullish on Ampco-Pittsburgh Corporation of late if you look at the change in short interest. The stock had a fall in short interest between September 29, 2017 and October 13, 2017 of -5.60%. Short shares fell 17,608 over that period. The days to cover increased to 15.0 and the percentage of shorted shares is 0.02% as of October 13.
These firms have modified their investment in AP. As of the end of the quarter Ancora Advisors, LLC had acquired 1,767 shares growing its holdings by 2.8%. The value in dollars increased from $886,000 to $956,000 increasing 7.9% since the last quarter. As of quarter end Walthausen & Co., LLC had bought a total of 156,850 shares growing its position 97.1%. The value of the investment in Ampco-Pittsburgh Corporation went from $2,270,000 to $4,697,000 a change of 106.9% quarter over quarter.
As of quarter end Cutler Group LP had sold a total of 500 shares trimming its stake by 45.5%. The value of the total investment in Ampco-Pittsburgh Corporation went from $0 to $10,000 a change of $10,000 quarter to quarter. As of quarter end Nationwide Fund Advisors had acquired 6,121 shares growing its position 62.4%. The value of the investment in (AP) went from $145,000 to $277,000 a change of 91.0% for the reporting period.
The company is trading down from yesterday’s close of $16.55. Shares of the company are trading at $16.55 marginally under the 50 day moving average of $17.53 and which is marginally over the 200 day moving average of $15.45. The 50 day moving average was down $-0.98 or -5.62% and the 200 day average was up $1.10.
As of the latest earnings report the EPS was $-6.28 and is expected to be $-0.48 for the current year with 12,360,000 shares presently outstanding. Next quarter’s EPS is expected be $0.10 with next year’s EPS projected to be $1.10.
Ampco-Pittsburgh Corporation, launched on January 30, 1929, is involved 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). The Air and Liquid Processing segment includes Aerofin, Buffalo Air Handling and Buffalo Pumps, all divisions of Air & Liquid Systems Corporation (Air and Liquid), a subsidiary of the Company..