Bridgeway Capital Management LLC Sells 303,326 Shares of American Axle & Manufacturing Holdings, Inc. $AXL

Key Points

• Bridgeway Capital Management LLC reduced its stake in American Axle & Manufacturing by 18.5%, now holding approximately 1.13% of the company valued at $5.46 million.
• Consensus price targets for American Axle & Manufacturing range from $6.00 to $8.00, with the average rating being a "Hold".
• The company's latest quarterly earnings show an EPS of $0.21, exceeding expectations by $0.07, while revenue was $1.54 billion, down 5.9% year-over-year.

Bridgeway Capital Management LLC decreased its position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 18.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,340,386 shares of the auto parts company's stock after selling 303,326 shares during the period. Bridgeway Capital Management LLC owned about 1.13% of American Axle & Manufacturing worth $5,455,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AXL. AQR Capital Management LLC increased its position in American Axle & Manufacturing by 2.8% in the first quarter. AQR Capital Management LLC now owns 452,658 shares of the auto parts company's stock worth $1,842,000 after buying an additional 12,477 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in shares of American Axle & Manufacturing during the first quarter worth approximately $87,000. Royal Bank of Canada grew its position in shares of American Axle & Manufacturing by 98.9% during the 1st quarter. Royal Bank of Canada now owns 60,425 shares of the auto parts company's stock worth $246,000 after buying an additional 30,046 shares in the last quarter. Caption Management LLC purchased a new position in American Axle & Manufacturing during the 1st quarter valued at about $128,000. Finally, Nomura Holdings Inc. increased its holdings in American Axle & Manufacturing by 12.7% during the first quarter. Nomura Holdings Inc. now owns 400,300 shares of the auto parts company's stock valued at $1,629,000 after buying an additional 45,200 shares during the period. Institutional investors own 91.41% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Morgan Stanley lowered their price objective on American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Wall Street Zen raised American Axle & Manufacturing from a "buy" rating to a "strong-buy" rating in a report on Friday, September 5th. Royal Bank Of Canada raised American Axle & Manufacturing from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $6.00 to $8.00 in a research note on Tuesday, September 2nd. UBS Group reissued a "buy" rating on shares of American Axle & Manufacturing in a research report on Sunday, August 10th. Finally, Stifel Nicolaus started coverage on shares of American Axle & Manufacturing in a research note on Thursday, August 21st. They set a "hold" rating and a $6.00 target price for the company. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $6.75.

American Axle & Manufacturing Trading Down 0.9%

Shares of NYSE AXL traded down $0.06 during midday trading on Wednesday, hitting $5.94. The stock had a trading volume of 650,842 shares, compared to its average volume of 3,038,510. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.77 and a quick ratio of 1.40. The firm has a market cap of $704.25 million, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 0.69 and a beta of 1.61. The company's 50-day simple moving average is $5.13 and its 200 day simple moving average is $4.51. American Axle & Manufacturing Holdings, Inc. has a fifty-two week low of $3.00 and a fifty-two week high of $7.03.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last posted its earnings results on Friday, August 8th. The auto parts company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.07. American Axle & Manufacturing had a net margin of 0.73% and a return on equity of 8.90%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the business posted $0.19 earnings per share. The business's revenue for the quarter was down 5.9% compared to the same quarter last year. American Axle & Manufacturing has set its FY 2025 guidance at EPS. Research analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current year.

American Axle & Manufacturing 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.