EMC Capital Management Boosts Stock Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

EMC Capital Management boosted its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 151.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,005 shares of the auto parts company’s stock after purchasing an additional 13,856 shares during the period. EMC Capital Management’s holdings in American Axle & Manufacturing were worth $134,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AXL. Barclays PLC lifted its position in shares of American Axle & Manufacturing by 274.4% in the 3rd quarter. Barclays PLC now owns 199,795 shares of the auto parts company’s stock worth $1,234,000 after purchasing an additional 146,430 shares during the period. Geode Capital Management LLC raised its stake in American Axle & Manufacturing by 0.8% in the third quarter. Geode Capital Management LLC now owns 2,654,883 shares of the auto parts company’s stock worth $16,411,000 after buying an additional 21,054 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in American Axle & Manufacturing during the 3rd quarter valued at approximately $222,000. XTX Topco Ltd purchased a new position in shares of American Axle & Manufacturing during the 3rd quarter worth approximately $62,000. Finally, Zacks Investment Management purchased a new position in shares of American Axle & Manufacturing in the 3rd quarter valued at approximately $70,000. Institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Price Performance

Shares of NYSE AXL opened at $5.41 on Friday. The firm has a market cap of $635.52 million, a P/E ratio of 22.52 and a beta of 1.96. American Axle & Manufacturing Holdings, Inc. has a twelve month low of $5.15 and a twelve month high of $8.98. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 4.28. The company has a 50 day moving average of $6.13 and a 200 day moving average of $6.26.

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

Wall Street Analysts Forecast Growth

Separately, Barclays reduced their price target on American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $7.30.

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.