Schonfeld Strategic Advisors Adds $9M in Albany International Corp. ($AIN)
Key Points
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Schonfeld Strategic Advisors increased its position in Albany International Corp. ($AIN) by 86.10% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 252,133 shares of Albany International Corp. after buying 116,653 shares during the quarter. Schonfeld Strategic Advisors's holdings in Albany International Corp. were worth $18.99 million as of its most recent filing.
Albany International Corp. Stock Up 29.1%
Shares of Albany International Corp. ($AIN) traded around $75.31 on Saturday, up 29.1% for the day.
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About Albany International Corp.
Albany International Corp., together with its subsidiaries, engages in the machine clothing and engineered composites businesses in the United States, Switzerland, France, Brazil, China, Mexico, Germany, and internationally. The company operates through two segments: Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing for use in the manufacturing of papers, paperboard, tissues, towels, pulps, building products, tannery, and textiles, as well as nonwovens, fiber cement, and several other industrial applications. This segment offers paper machine clothing forming, pressing, and drying fabrics, as well as processing belts; and engineered fabrics. Its AEC segment 3D-woven and injected composite components for aircraft engines composite airframe and engine components for military and commercial aircraft. The company sells its products to commercial and defense markets, space-launch vehicles and the emerging advanced air mobility market, as well as to customer end-users. Albany International Corp. was incorporated in 1895 and is headquartered in Portsmouth, New Hampshire.
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