Fort Pitt Capital Group Lowers stake in Universal Stainless & Alloy Products (USAP)

Universal Stainless & Alloy Products (USAP) : Fort Pitt Capital Group reduced its stake in Universal Stainless & Alloy Products by 0.48% during the most recent quarter end. The investment management company now holds a total of 72,952 shares of Universal Stainless & Alloy Products which is valued at $863,022 after selling 350 shares in Universal Stainless & Alloy Products , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Universal Stainless & Alloy Products makes up approximately 0.10% of Fort Pitt Capital Group’s portfolio.

Other Hedge Funds, Including , Integrated Wealth Management sold out all of its stake in USAP during the most recent quarter. The investment firm sold 904 shares of USAP which is valued $10,694. Tocqueville Asset Management sold out all of its stake in USAP during the most recent quarter. The investment firm sold 140,000 shares of USAP which is valued $1,636,600.Thomson Horstmann Bryant Inc boosted its stake in USAP in the latest quarter, The investment management firm added 166,940 additional shares and now holds a total of 293,830 shares of Universal Stainless & Alloy Products which is valued at $3,232,130. Universal Stainless & Alloy Products makes up approx 0.40% of Thomson Horstmann Bryant Inc’s portfolio.First Manhattan Co reduced its stake in USAP by selling 1,100 shares or 16.91% in the most recent quarter. The Hedge Fund company now holds 5,405 shares of USAP which is valued at $61,347.

Universal Stainless & Alloy Products closed down -0.01 points or -0.08% at $11.82 with 12,354 shares getting traded on Thursday. Post opening the session at $11.83, the shares hit an intraday low of $11.81 and an intraday high of $11.94 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Universal Stainless & Alloy Products Inc. manufactures and markets semi-finished and finished specialty steel products including stainless steel nickel alloys tool steel and certain other alloyed steels. The Company’s manufacturing process involves melting remelting heat treating hot and cold rolling forging machining and cold drawing of semi-finished and finished specialty steels. The Company’s products are sold to service centers forgers rerollers original equipment manufacturers (OEMs) and wire redrawers. The Company also performs conversion services on materials supplied by customers. The Company’s products are manufactured in a range of grades and melt qualities including argon oxygen decarburization (AOD) electro-slag remelted (ESR) vacuum induction melting (VIM) and vacuum-arc remelted (VAR).

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