American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Shares Sold by Jump Financial LLC

Jump Financial LLC decreased its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 82.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,000 shares of the auto parts company's stock after selling 307,853 shares during the period. Jump Financial LLC owned 0.06% of American Axle & Manufacturing worth $391,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in shares of American Axle & Manufacturing by 546.6% during the fourth quarter. JPMorgan Chase & Co. now owns 786,569 shares of the auto parts company's stock worth $4,586,000 after acquiring an additional 664,922 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of American Axle & Manufacturing by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 15,713,232 shares of the auto parts company's stock worth $91,608,000 after buying an additional 462,847 shares during the period. American Century Companies Inc. increased its position in American Axle & Manufacturing by 12.4% in the 4th quarter. American Century Companies Inc. now owns 3,856,509 shares of the auto parts company's stock valued at $22,483,000 after acquiring an additional 426,933 shares during the period. ExodusPoint Capital Management LP purchased a new stake in American Axle & Manufacturing during the 4th quarter valued at approximately $2,065,000. Finally, Dana Investment Advisors Inc. grew its stake in shares of American Axle & Manufacturing by 30.4% in the 4th quarter. Dana Investment Advisors Inc. now owns 1,097,655 shares of the auto parts company's stock valued at $6,399,000 after purchasing an additional 256,150 shares during the last quarter. 91.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AXL has been the subject of a number of analyst reports. TD Cowen assumed 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 for the company. Cowen initiated coverage on American Axle & Manufacturing in a report on Thursday, March 6th. They issued a "hold" rating for the company. UBS Group lowered their price target on shares of American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Barclays cut their price target on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an "equal weight" rating for the company in a report on Wednesday, January 22nd. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $5.00 target price on shares of American Axle & Manufacturing in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, American Axle & Manufacturing presently has a consensus rating of "Hold" and a consensus target price of $6.25.

American Axle & Manufacturing Price Performance

Shares of AXL stock traded up $0.02 during trading hours on Thursday, hitting $3.84. The company's stock had a trading volume of 1,861,000 shares, compared to its average volume of 1,823,506. 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 twelve month low of $3.00 and a twelve month high of $7.98. The stock has a market cap of $453.81 million, a price-to-earnings ratio of 13.73 and a beta of 1.70. The business has a fifty day moving average of $4.07 and a 200-day moving average of $5.32.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last released its quarterly earnings results 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 return on equity of 10.44% and a net margin of 0.57%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last 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. As a group, equities research analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current year.

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.