Brevan Howard Capital Management LP Purchases Shares of 159,496 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) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 159,496 shares of the auto parts company's stock, valued at approximately $930,000. Brevan Howard Capital Management LP owned 0.14% of American Axle & Manufacturing at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Cibc World Markets Corp purchased a new stake in American Axle & Manufacturing during the fourth quarter valued at about $63,000. Oxford Asset Management LLP purchased a new stake in American Axle & Manufacturing in the fourth quarter valued at approximately $76,000. AXQ Capital LP bought a new stake in shares of American Axle & Manufacturing during the 4th quarter worth $77,000. Polymer Capital Management US LLC purchased a new stake in American Axle & Manufacturing in the fourth quarter worth approximately $77,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in American Axle & Manufacturing in the 4th quarter worth $81,000. Hedge funds and other institutional investors own 91.41% of the company's stock.

American Axle & Manufacturing Stock Performance

AXL stock traded down $0.05 during midday trading on Friday, reaching $4.28. 3,316,651 shares of the company's stock traded hands, compared to its average volume of 1,897,374. The stock's 50-day moving average is $3.94 and its 200 day moving average is $5.22. The stock has a market cap of $506.47 million, a P/E ratio of 15.29 and a beta of 1.71. American Axle & Manufacturing Holdings, Inc. has a 52-week low of $3.00 and a 52-week high of $7.98. 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 (NYSE:AXL - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The auto parts company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.03. The firm had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.43 billion. American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. The business's quarterly revenue was down 12.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 EPS. As a group, analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on AXL shares. Barclays lowered their price objective on 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. Cowen reissued a "hold" rating on shares of American Axle & Manufacturing in a research report on Monday, May 5th. TD Cowen initiated coverage on American Axle & Manufacturing in a research report on Friday, March 7th. They issued a "hold" rating and a $5.00 price target on the stock. Morgan Stanley cut their price objective on shares of American Axle & Manufacturing from $10.00 to $8.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Finally, UBS Group reduced their target price on American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating for the company in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $6.00.

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.