Algert Global LLC Purchases 208,013 Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Algert Global LLC increased its position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 22.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,129,409 shares of the auto parts company's stock after acquiring an additional 208,013 shares during the period. Algert Global LLC owned approximately 0.96% of American Axle & Manufacturing worth $6,584,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cibc World Markets Corp acquired a new position in shares of American Axle & Manufacturing in the 4th quarter worth approximately $63,000. Oxford Asset Management LLP acquired a new position in American Axle & Manufacturing in the fourth quarter worth approximately $76,000. Polymer Capital Management US LLC bought a new position in shares of American Axle & Manufacturing in the fourth quarter valued at $77,000. AXQ Capital LP bought a new position in shares of American Axle & Manufacturing in the fourth quarter valued at $77,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of American Axle & Manufacturing during the 4th quarter valued at $81,000. 91.41% of the stock is currently owned by institutional investors.

American Axle & Manufacturing Stock Down 1.2 %

AXL stock traded down $0.05 during mid-day trading on Friday, hitting $4.28. The stock had a trading volume of 3,316,651 shares, compared to its average volume of 1,897,374. The stock has a market capitalization of $506.47 million, a price-to-earnings ratio of 15.29 and a beta of 1.71. The company has a current ratio of 1.63, a quick ratio of 1.25 and a debt-to-equity ratio of 4.58. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $3.00 and a 1-year high of $7.98. The company has a fifty day moving average of $3.94 and a 200 day moving average of $5.22.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The auto parts company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.03. American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the firm earned $0.18 earnings per share. The company's revenue for the quarter was down 12.2% on a year-over-year basis. On average, equities analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AXL. Cowen reaffirmed a "hold" rating on shares of American Axle & Manufacturing in a research report on Monday, May 5th. Morgan Stanley decreased 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 report on Monday, March 3rd. UBS Group reduced their price target on shares of American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating for the company in a research report on Thursday, April 10th. TD Cowen initiated coverage on shares of American Axle & Manufacturing in a research report on Friday, March 7th. They set a "hold" rating and a $5.00 price objective on the stock. Finally, StockNews.com upgraded American Axle & Manufacturing from a "hold" rating to a "buy" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, American Axle & Manufacturing currently has an average rating of "Hold" and an average price target of $6.00.

About American Axle & Manufacturing

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.