American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Sees Large Growth in Short Interest

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 5,210,000 shares, a growth of 15.0% from the November 30th total of 4,530,000 shares. Based on an average trading volume of 1,600,000 shares, the days-to-cover ratio is presently 3.3 days. Currently, 4.7% of the company’s shares are short sold.

Analyst Ratings Changes

AXL has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $6.00 price objective on shares of American Axle & Manufacturing in a research note on Tuesday, September 10th. Wolfe Research upgraded American Axle & Manufacturing to a “hold” rating in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $7.38.

Institutional Trading of American Axle & Manufacturing

Several large investors have recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. grew its position in American Axle & Manufacturing by 31.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,273,917 shares of the auto parts company’s stock valued at $14,053,000 after purchasing an additional 548,860 shares during the period. Algert Global LLC grew its holdings in shares of American Axle & Manufacturing by 263.9% during the second quarter. Algert Global LLC now owns 698,364 shares of the auto parts company’s stock valued at $4,882,000 after buying an additional 506,476 shares during the last quarter. American Century Companies Inc. increased its position in shares of American Axle & Manufacturing by 16.1% during the second quarter. American Century Companies Inc. now owns 2,889,357 shares of the auto parts company’s stock worth $20,197,000 after acquiring an additional 399,616 shares in the last quarter. Whitebox Advisors LLC increased its position in shares of American Axle & Manufacturing by 38.0% during the third quarter. Whitebox Advisors LLC now owns 1,415,173 shares of the auto parts company’s stock worth $8,746,000 after acquiring an additional 389,760 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of American Axle & Manufacturing by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,268,651 shares of the auto parts company’s stock worth $57,797,000 after acquiring an additional 236,423 shares during the last quarter. 91.41% of the stock is currently owned by institutional investors and hedge funds.

American Axle & Manufacturing Trading Down 1.4 %

Shares of American Axle & Manufacturing stock traded down $0.08 on Monday, hitting $5.78. 1,362,776 shares of the company’s stock traded hands, compared to its average volume of 1,574,201. The company has a market capitalization of $679.62 million, a price-to-earnings ratio of 24.08 and a beta of 1.95. The company has a fifty day moving average of $6.30 and a two-hundred day moving average of $6.44. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.65 and a quick ratio of 1.29. American Axle & Manufacturing has a one year low of $5.43 and a one year high of $8.98.

American Axle & Manufacturing (NYSE:AXL) last announced its quarterly earnings data on Friday, November 8th. The auto parts company reported $0.20 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.25. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.51 billion. American Axle & Manufacturing had a net margin of 0.48% and a return on equity of 9.63%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.11) EPS. As a group, sell-side analysts expect that American Axle & Manufacturing will post 0.47 earnings per share for the current year.

About American Axle & Manufacturing

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles. It operates through two segments, Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.