Media stories about Ampco-Pittsburgh (NYSE:AP) have trended somewhat negative recently, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ampco-Pittsburgh earned a media sentiment score of 0.00 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 44.5943071519071 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Ampco-Pittsburgh Corporation to Host Earnings Call (baystreet.ca)
- Ampco-Pittsburgh Corporation Announces Fourth Quarter 2017 Results (wallstreet-online.de)
- Ampco-Pittsburgh Corp (AP) Major Shareholder Sells $160,394.43 in Stock (americanbankingnews.com)
- Louis Berkman Investment Co Sells 4,840 Shares of Ampco-Pittsburgh Corp (AP) Stock (americanbankingnews.com)
- Insider Selling: Ampco-Pittsburgh Corp (AP) Major Shareholder Sells 10,566 Shares of Stock (americanbankingnews.com)
AP has been the subject of a number of recent analyst reports. ValuEngine cut Ampco-Pittsburgh from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Zacks Investment Research raised Ampco-Pittsburgh from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.00.
In related news, major shareholder Louis Berkman Investment Co sold 14,411 shares of the stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $11.13, for a total transaction of $160,394.43. Following the completion of the sale, the insider now directly owns 1,338,917 shares of the company’s stock, valued at approximately $14,902,146.21. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 81,665 shares of company stock valued at $926,038. 29.90% of the stock is owned by company insiders.
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Ampco-Pittsburgh Company Profile
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).
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