Gamco Investors INC. ET AL trimmed its holdings in shares of Albany International Corp. (NYSE:AIN) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,963 shares of the textile maker’s stock after selling 1,000 shares during the period. Gamco Investors INC. ET AL’s holdings in Albany International were worth $4,176,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Aperio Group LLC increased its stake in shares of Albany International by 18.8% during the 4th quarter. Aperio Group LLC now owns 11,831 shares of the textile maker’s stock worth $727,000 after purchasing an additional 1,873 shares in the last quarter. Moody Aldrich Partners LLC increased its stake in shares of Albany International by 26.3% during the 4th quarter. Moody Aldrich Partners LLC now owns 28,579 shares of the textile maker’s stock worth $1,756,000 after purchasing an additional 5,955 shares in the last quarter. Pembroke Management LTD increased its stake in shares of Albany International by 5.0% during the 4th quarter. Pembroke Management LTD now owns 256,600 shares of the textile maker’s stock worth $15,768,000 after purchasing an additional 12,200 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI increased its stake in shares of Albany International by 22.7% during the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 18,400 shares of the textile maker’s stock worth $1,131,000 after purchasing an additional 3,400 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Albany International during the 4th quarter worth approximately $4,049,000. 90.47% of the stock is owned by institutional investors and hedge funds.

Separately, Noble Financial started coverage on shares of Albany International in a research note on Tuesday, January 9th. They set a “hold” rating for the company.

Albany International Corp. (AIN) opened at $62.85 on Friday. The firm has a market cap of $2,023.77, a P/E ratio of 38.80 and a beta of 1.65. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.76 and a current ratio of 3.35. Albany International Corp. has a 12 month low of $43.45 and a 12 month high of $66.05.

Albany International (NYSE:AIN) last released its earnings results on Monday, February 5th. The textile maker reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The firm had revenue of $226.73 million during the quarter, compared to analysts’ expectations of $219.00 million. Albany International had a net margin of 3.58% and a return on equity of 9.44%. research analysts predict that Albany International Corp. will post 2.04 earnings per share for the current year.

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Albany International Profile

Albany International Corp. is focused on textiles and materials processing business. The Company operates through two segments: Machine Clothing and Albany Engineered Composites. The Company’s Machine Clothing segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and various other industrial applications.

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Institutional Ownership by Quarter for Albany International (NYSE:AIN)

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