Brevan Howard Capital Management LP Invests $930,000 in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Brevan Howard Capital Management LP acquired a new stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 159,496 shares of the auto parts company's stock, valued at approximately $930,000. Brevan Howard Capital Management LP owned about 0.14% of American Axle & Manufacturing as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AXL. Cibc World Markets Corp bought a new stake in shares of American Axle & Manufacturing during the 4th quarter worth approximately $63,000. Oxford Asset Management LLP bought a new position in shares of American Axle & Manufacturing in the 4th quarter valued at about $76,000. Polymer Capital Management US LLC acquired a new position in shares of American Axle & Manufacturing during the 4th quarter worth about $77,000. AXQ Capital LP bought a new stake in shares of American Axle & Manufacturing in the 4th quarter valued at about $77,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in American Axle & Manufacturing in the 4th quarter valued at about $81,000. Institutional investors own 91.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Morgan Stanley reduced their target price on American Axle & Manufacturing from $10.00 to $8.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. UBS Group dropped their price objective on shares of American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. 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 report on Wednesday, January 22nd. StockNews.com raised shares of American Axle & Manufacturing from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $5.00 price objective 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, seven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $6.00.

American Axle & Manufacturing Stock Performance

Shares of AXL traded up $0.09 during mid-day trading on Tuesday, hitting $4.68. 1,406,458 shares of the company's stock were exchanged, compared to its average volume of 1,904,580. The company has a quick ratio of 1.25, a current ratio of 1.63 and a debt-to-equity ratio of 4.58. American Axle & Manufacturing Holdings, Inc. has a 52 week low of $3.00 and a 52 week high of $7.98. The stock's 50-day simple moving average is $3.94 and its 200-day simple moving average is $5.20. The firm has a market cap of $553.81 million, a price-to-earnings ratio of 16.71 and a beta of 1.71.

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

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.