MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 95,840 Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 12.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 675,345 shares of the auto parts company's stock after selling 95,840 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.57% of American Axle & Manufacturing worth $3,937,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Whitebox Advisors LLC increased its holdings in shares of American Axle & Manufacturing by 33.7% in the 4th quarter. Whitebox Advisors LLC now owns 1,892,723 shares of the auto parts company's stock worth $11,035,000 after purchasing an additional 477,550 shares in the last quarter. Dana Investment Advisors Inc. grew its holdings in shares of American Axle & Manufacturing by 30.4% in the fourth quarter. Dana Investment Advisors Inc. now owns 1,097,655 shares of the auto parts company's stock worth $6,399,000 after acquiring an additional 256,150 shares during the period. American Century Companies Inc. grew its holdings in shares of American Axle & Manufacturing by 12.4% in the fourth quarter. American Century Companies Inc. now owns 3,856,509 shares of the auto parts company's stock worth $22,483,000 after acquiring an additional 426,933 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of American Axle & Manufacturing by 546.6% in the fourth quarter. JPMorgan Chase & Co. now owns 786,569 shares of the auto parts company's stock worth $4,586,000 after acquiring an additional 664,922 shares during the period. Finally, Trexquant Investment LP grew its holdings in shares of American Axle & Manufacturing by 23.4% in the fourth quarter. Trexquant Investment LP now owns 876,266 shares of the auto parts company's stock worth $5,109,000 after acquiring an additional 165,905 shares during the period. Institutional investors own 91.41% of the company's stock.

American Axle & Manufacturing Price Performance

NYSE AXL opened at $4.54 on Tuesday. The company has a market capitalization of $537.24 million, a PE ratio of 16.21 and a beta of 1.71. The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.25 and a current ratio of 1.63. The business's fifty day moving average is $3.94 and its 200 day moving average is $5.15. American Axle & Manufacturing Holdings, Inc. has a fifty-two week low of $3.00 and a fifty-two week high of $7.98.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The auto parts company reported $0.09 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the business earned $0.18 earnings per share. The business's revenue was down 12.2% on a year-over-year basis. Sell-side analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. UBS Group cut their price objective 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. Morgan Stanley cut their price objective on American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating for the company in a report on Monday. Cowen reaffirmed a "hold" rating on shares of American Axle & Manufacturing in a report on Monday, May 5th. TD Cowen assumed coverage on American Axle & Manufacturing in a report on Friday, March 7th. They issued a "hold" rating and a $5.00 price objective for the company. Finally, StockNews.com raised American Axle & Manufacturing from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $5.93.

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.

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