Man Group plc Reduces Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Man Group plc reduced its position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 80.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,175 shares of the auto parts company's stock after selling 97,050 shares during the quarter. Man Group plc's holdings in American Axle & Manufacturing were worth $141,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Franklin Resources Inc. increased its stake in American Axle & Manufacturing by 1.1% in the 4th quarter. Franklin Resources Inc. now owns 303,883 shares of the auto parts company's stock worth $1,772,000 after buying an additional 3,161 shares in the last quarter. MetLife Investment Management LLC increased its stake in American Axle & Manufacturing by 11.3% during the fourth quarter. MetLife Investment Management LLC now owns 65,065 shares of the auto parts company's stock worth $379,000 after acquiring an additional 6,584 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in American Axle & Manufacturing by 8.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,855 shares of the auto parts company's stock worth $518,000 after buying an additional 6,704 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of American Axle & Manufacturing by 21.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 45,797 shares of the auto parts company's stock worth $267,000 after purchasing an additional 8,067 shares during the period. Finally, Guggenheim Capital LLC grew its stake in shares of American Axle & Manufacturing by 50.0% during the fourth quarter. Guggenheim Capital LLC now owns 25,541 shares of the auto parts company's stock valued at $149,000 after buying an additional 8,518 shares during the last quarter. Hedge funds and other institutional investors own 91.41% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $5.00 price target on shares of American Axle & Manufacturing in a research note on Wednesday, April 16th. TD Cowen assumed coverage on American Axle & Manufacturing in a research note on Friday, March 7th. They issued a "hold" rating and a $5.00 target price on the stock. Cowen reaffirmed a "hold" rating on shares of American Axle & Manufacturing in a report on Monday, May 5th. UBS Group cut 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 report on Thursday, April 10th. Finally, Wall Street Zen upgraded American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. One investment 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. Based on data from MarketBeat.com, American Axle & Manufacturing presently has an average rating of "Hold" and an average price target of $5.93.

American Axle & Manufacturing Stock Performance

Shares of NYSE AXL traded down $0.06 during midday trading on Friday, reaching $4.40. 4,414,556 shares of the stock were exchanged, compared to its average volume of 1,979,081. The firm has a 50-day simple moving average of $3.92 and a two-hundred day simple moving average of $5.06. American Axle & Manufacturing Holdings, Inc. has a twelve month low of $3.00 and a twelve month high of $7.76. The firm has a market cap of $522.11 million, a price-to-earnings ratio of 15.71 and a beta of 1.71. 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 (NYSE:AXL - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The auto parts company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. American Axle & Manufacturing's revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.18 earnings per share. As a group, analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current fiscal 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.