Eisler Capital Management Ltd. Invests $570,000 in American Axle & Manufacturing Holdings, Inc. $AXL

Key Points

• Eisler Capital Management Ltd. has acquired 140,000 shares of American Axle & Manufacturing, valued at approximately $570,000, representing about 0.12% of the company's stock.
• Research analysts generally maintain a hold rating on American Axle & Manufacturing, with an average target price of $6.21 and mixed opinions regarding its growth potential.
• The company reported $0.21 EPS for the last quarter, exceeding expectations, but revenue declined by 5.9% compared to the previous year.

Eisler Capital Management Ltd. bought a new position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 140,000 shares of the auto parts company's stock, valued at approximately $570,000. Eisler Capital Management Ltd. owned 0.12% of American Axle & Manufacturing as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. JB Capital Partners LP boosted its position in shares of American Axle & Manufacturing by 622.6% in the first quarter. JB Capital Partners LP now owns 957,500 shares of the auto parts company's stock worth $3,897,000 after buying an additional 825,000 shares during the period. PSquared Asset Management AG acquired a new stake in shares of American Axle & Manufacturing in the first quarter worth $752,000. Jump Financial LLC boosted its position in shares of American Axle & Manufacturing by 32.6% in the first quarter. Jump Financial LLC now owns 88,844 shares of the auto parts company's stock worth $362,000 after buying an additional 21,844 shares during the period. HITE Hedge Asset Management LLC boosted its position in shares of American Axle & Manufacturing by 465.1% in the first quarter. HITE Hedge Asset Management LLC now owns 1,944,668 shares of the auto parts company's stock worth $7,915,000 after buying an additional 1,600,512 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its position in shares of American Axle & Manufacturing by 1.4% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,286,516 shares of the auto parts company's stock worth $13,376,000 after buying an additional 44,663 shares during the period. Institutional investors and hedge funds own 91.41% of the company's stock.

American Axle & Manufacturing Stock Performance

American Axle & Manufacturing stock traded up $0.05 during trading hours on Tuesday, reaching $5.87. 3,651,278 shares of the company were exchanged, compared to its average volume of 3,024,998. American Axle & Manufacturing Holdings, Inc. has a 12 month low of $3.00 and a 12 month high of $7.03. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 3.86. The stock has a 50-day moving average of $4.92 and a 200 day moving average of $4.49. The firm has a market cap of $695.94 million, a price-to-earnings ratio of 17.22, a PEG ratio of 0.65 and a beta of 1.61.

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

Wall Street Analyst Weigh In

AXL has been the subject of several recent analyst reports. Morgan Stanley decreased their target price on American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating for the company in a research report on Monday, May 19th. Royal Bank Of Canada raised American Axle & Manufacturing from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from $6.00 to $8.00 in a research report on Tuesday. Cowen reissued a "hold" rating on shares of American Axle & Manufacturing in a research report on Monday, May 5th. UBS Group reissued a "buy" rating on shares of American Axle & Manufacturing in a research report on Sunday, August 10th. Finally, Stifel Nicolaus initiated coverage on American Axle & Manufacturing in a research report on Thursday, August 21st. They set a "hold" rating and a $6.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $6.64.

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.