Sequoia Financial Advisors LLC Has $11.15 Million Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Sequoia Financial Advisors LLC reduced its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 0.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,912,947 shares of the auto parts company’s stock after selling 3,159 shares during the period. Sequoia Financial Advisors LLC’s holdings in American Axle & Manufacturing were worth $11,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. KBC Group NV increased its holdings in shares of American Axle & Manufacturing by 81.3% in the third quarter. KBC Group NV now owns 7,160 shares of the auto parts company’s stock valued at $44,000 after purchasing an additional 3,211 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of American Axle & Manufacturing in the third quarter valued at $62,000. Zacks Investment Management acquired a new position in shares of American Axle & Manufacturing in the third quarter valued at $70,000. Quarry LP increased its holdings in shares of American Axle & Manufacturing by 51.9% in the third quarter. Quarry LP now owns 11,997 shares of the auto parts company’s stock valued at $74,000 after purchasing an additional 4,098 shares during the last quarter. Finally, Creative Planning acquired a new position in shares of American Axle & Manufacturing in the third quarter valued at $80,000. 91.41% of the stock is currently owned by institutional investors and hedge funds.

American Axle & Manufacturing Trading Down 1.2 %

AXL opened at $4.50 on Thursday. American Axle & Manufacturing Holdings, Inc. has a twelve month low of $4.44 and a twelve month high of $7.98. The company has a 50-day simple moving average of $5.34 and a 200 day simple moving average of $5.91. The company has a quick ratio of 1.25, a current ratio of 1.63 and a debt-to-equity ratio of 4.58. The stock has a market capitalization of $528.53 million, a price-to-earnings ratio of 16.05 and a beta of 1.85.

American Axle & Manufacturing (NYSE:AXL) last posted its quarterly earnings data on Friday, February 14th. The auto parts company reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the business posted ($0.09) earnings per share. American Axle & Manufacturing’s revenue was down 5.6% compared to the same quarter last year. Analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AXL. Barclays reduced their target price on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Morgan Stanley reduced their target price on shares of American Axle & Manufacturing from $10.00 to $8.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Cowen began coverage on shares of American Axle & Manufacturing in a research report on Thursday, March 6th. They issued a “hold” rating for the company. StockNews.com cut shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Finally, TD Cowen began coverage on shares of American Axle & Manufacturing in a research report on Friday, March 7th. They issued a “hold” rating and a $5.00 target price for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $6.69.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.